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Payment Use Cases Fuel Increasing Stablecoin Growth


The global stablecoin supply currently stands at over $150 billion, demonstrating new demand for relatively stable digital assets.  The stablecoin market has also grown more competitive. For example, XRP issuer Ripple recently announced plans to launch a United States dollar-backed stablecoin. ...

Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit


Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion demonstrates the robust information technology control...

South Korean Altcoin Issuer Arrested on $16.1m Fraud Charges


A South Korean altcoin issuer has been arrested on fraud charges. Prosecutors in the country have accused him of duping investors out of $16.1 million. The post South Korean Altcoin Issuer Arrested on $16.1m Fraud Charges appeared first on Cryptonews

Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox


On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into...

Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets


Tether, the issuer of the world's largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country. The post Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets...

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