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Nalezeno "Stablecoins": 1962

Fed Official: Digital Dollar Decision Still a Long Way Off


The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regarding USD stablecoins, emphasizing that they...

JPMorgan Mulls Blockchain-Based Deposit Token, Report


America’s biggest bank by assets, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border payments and interbank transfers. If approved by regulators, the banking giant may create the digital asset, which would be different from its existing JPM Coin as it could be used...

Visa Expands Stablecoin Settlement to Solana and Merchant Acquirers


Visa is taking a step in advancing digital currency adoption by expanding its stablecoin settlement capabilities to the Solana blockchain network. The payments giant also announced new pilot programs with merchant acquirers Worldpay and Nuvei to explore streamlining settlement in the Circle-issued...

Binance is encouraging users to convert BUSD to new stablecoins


Binance recently made a huge announcement on its official website. The world’s biggest exchange has asked users to start converting their BUSD to other stablecoins. The exchange stated that Paxos would be halting the minting of any new BUSD. Thus, users are encouraged to convert any BUSD before...

Circle Partners With Mercado Pago to Offer USDC to Chilean Customers


Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre’s digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago’s services...

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