In a significant move that could signal a shift in China’s crypto policy, tech giants JD.com and Ant Group, an affiliate of Alibaba, are reportedly urging the People’s Bank of China (PBOC) to approve yuan-pegged stablecoins. The proposal aims to counter the growing dominance of U.S. dollar-linked cryptocurrencies and boost international use of the Chinese currency. … [Read more...] about China’s tech giants push for offshore yuan stablecoins amid global crypto race
Senate clears stablecoin bill, setting foundation for U.S. digital currency market
The U.S. Senate has passed the long-debated GENIUS Act, a bipartisan bill that introduces a comprehensive regulatory framework for stablecoins, signalling a major shift in the country’s approach to crypto payments. … [Read more...] about Senate clears stablecoin bill, setting foundation for U.S. digital currency market
Fintech giants enter stablecoin race as demand for digital assets grows
Leading fintech firms Revolut and Robinhood are exploring entry into the burgeoning stablecoin sector, reflecting a growing trend among traditional financial companies to delve into digital currencies. Revolut is reportedly planning to launch its own stablecoin to expand its digital asset offerings and solidify its position as a pioneer in fintech innovation. The company’s move … [Read more...] about Fintech giants enter stablecoin race as demand for digital assets grows
Tether to launch UAE dirham-pegged stablecoin amid growing demand in the Gulf
Tether, the world’s largest stablecoin issuer, is set to introduce a new digital asset pegged to the United Arab Emirates dirham (AED), marking a significant expansion of its product offerings in a rapidly growing market. This move is part of Tether's broader strategy to diversify its stablecoin portfolio, which already includes tokens pegged to the U.S. dollar, euro, and … [Read more...] about Tether to launch UAE dirham-pegged stablecoin amid growing demand in the Gulf
Europe’s MiCA regulation: navigating the future of stablecoins
The European Union’s Markets in Crypto-Assets Regulation (MiCA) represents a landmark shift in the regulatory landscape for digital assets, particularly stablecoins. Effective from June 30, 2024, MiCA introduces comprehensive requirements for stablecoin issuers and crypto asset service providers (CASPs), aiming to unify the fragmented regulatory environment across Europe and … [Read more...] about Europe’s MiCA regulation: navigating the future of stablecoins
Stablecoin Oversight: U.S. Senators Propose Clear Guidelines
Senators Kirsten Gillibrand and Cynthia Lummis are spearheading a significant legislative effort aimed at refining the regulation of stablecoins, a type of cryptocurrency pegged to stable assets like the U.S. dollar. Their proposed bill is poised to introduce comprehensive guidelines that will regulate stablecoin issuances and ensure robust consumer protections while fostering … [Read more...] about Stablecoin Oversight: U.S. Senators Propose Clear Guidelines
Singapore’s stablecoin surge: digital asset payment firms reconsider strategy
The Monetary Authority of Singapore (MAS) recently finalised its stablecoin regulatory framework, which has sent ripples throughout the nation's financial technology sector. The move offers greater clarity to businesses keen on navigating the burgeoning stablecoin scene, and as a result, many digital asset payment firms are reevaluating their strategies, aligning with these … [Read more...] about Singapore’s stablecoin surge: digital asset payment firms reconsider strategy
Mastercard to settle stablecoin payments in Australia
The digital payment solution will process all transactions with USDC … [Read more...] about Mastercard to settle stablecoin payments in Australia