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Circle CEO Jeremy Allaire: Stablecoin Bill Unlikely to Be Signed Into Law
19.9.2023
Jeremy Allaire, CEO of Circle, the issuer of USDC, the second-largest stablecoin in the market, has shared his skepticism about the passing of a stablecoin law anytime soon. On Laura Shin’s podcast, Unchained, Allaire explained that, while there is a consensus about the importance...
Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions
18.9.2023
Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space
Stablecoin Ecosystem Holds Firm Despite Lackluster Activity
17.9.2023
The stablecoin economy has remained relatively lackluster over the past 30 days, fluctuating slightly above or slightly below the $124 billion range. In the last 24 hours, the global trade volume for fiat and commodity-pegged tokens has reached $11.55 billion. Stablecoin Market Shows Resilience...
Coinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance Redefined
15.9.2023
Coinbase’s CEO has become the latest ally of the DeFi space, calling for apt regulations of the ecosystem rather than enforcement action by regulatory bodies
ANZ Leverages Chainlink’s Protocol to Complete Tokenized Assets Transaction using Native Stablecoin
15.9.2023
Australia’s big four bank ANZ is advancing towards a greater adoption of tokenized assets, after successfully completing a test transaction in collaboration with Web3 services platform Chainlink.
An update from Nigel Dobson, ANZ’s banking services portfolio lead, dated September 13 noted that...
Major Aussie bank takes next step to AUD stablecoin after Chainlink test transaction
15.9.2023
One of ANZ’s banking executives, Nigel Dobson said the bank sees “real value” in tokenizing real-world assets on-chain like the Aussie dollar
Transparency Report Reveals Backing for Paypal’s PYUSD Stablecoin
14.9.2023
Paypal’s stablecoin, PYUSD, has been operational for 38 days. The token’s issuer, Paxos, has issued a transparency report related to the coin’s reserves. Much like many of today’s stablecoin industry leaders, PYUSD is supported by cash reserves and U.S. Treasury reverse...
Wyoming stablecoin: Are state digital currencies even possible?
14.9.2023
The Stable Token Commission continues researching the potential implementation of stable tokens in Wyoming
Stablecoin Studio is now live on the Hedera Network
14.9.2023
Hedera has announced that Stablecoin Studio is now live on its network. This greatly benefits its users, who will now be able to develop, deploy, and oversee the management of stablecoin applications. It will simultaneously accelerate the way in which innovative apps make their way into the market....
Superapp Grab, Stablecoin Issuer Circle to Start Web3 Wallets Trial in Singapore
14.9.2023
The Grab Web3 Wallet will be available to users of the ride hailing, food delivery and digital payments app to use vouchers in non-fungible token (NFT) form and earn rewards
Opera Unveils Plans for Non-Custodial Stablecoin Wallet Integration for African Users
13.9.2023
On September 13, Opera Mini, a widely-used browser, announced its plan to launch a new non-custodial wallet in partnership with the Celo Blockchain, seamlessly integrating it with its mobile web browser and making it accessible to users in Africa.
The Opera Mini and Celo partnership will introduce...
Digital Trading Platform MetaComp Offers Clients Stablecoin-to-TradFi Security Path, Claiming Singapore First
13.9.2023
Trading volume has climbed to around $50 million since the service was introduced last month
Opera browser debuts stablecoin wallet MiniPay in Africa
13.9.2023
Opera’s new in-browser, non-custodial wallet runs on the Celo blockchain and targets the platform’s user base in Africa for P2P stablecoin transactions
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
13.9.2023
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states
What's Wrong With PayPal's Stablecoin?
12.9.2023
Crypto Custody Firm Qredo Integrates Circle’s USDC Stablecoin
12.9.2023
The new toolkit allows USDC to be the ultimate gas token on any blockchain
Stablecoin de-pegging plagued USDC and DAI more than others: Analysts
12.9.2023
Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global
G20 Leaders Endorse FSB Recommendations for Crypto Regulation
11.9.2023
The G20 leaders have released their declaration following their summit in New Delhi. They endorsed the Financial Stability Board’s “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements” and welcomed...
JPMorgan Mulls Blockchain-Based Deposit Token, Report
10.9.2023
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...
Palau Finishes Distribution Phase of Stablecoin Pilot, Organizes Feedback Survey
9.9.2023
Palau is preparing to close the distribution phase of its stablecoin pilot after having extended it for 30 additional days to examine additional use cases and growing popular demand. Palau Ministry of Finance board member Jay Hunter Anson explained that the pilot was a “temporary, research...