Crypto payments platform MoonPay has launched a new stablecoin suite that allows companies to issue and manage stablecoins across multiple blockchains, supported by an integration with M0. The collaboration offers enterprises a stack to …
Stablecoin
RLUSD$1.0002, the U.S. dollar stablecoin from the blockchain payments firm closely related to the XRP Ledger network, has surpassed $1 billion in market capitalization less than a year after launching in December 2024. The …
Neobank Revolut has introduced a 1:1 conversion between USD and stablecoins, allowing its 65 million users to exchange up to $578,630 every 30 rolling days without incurring fees or spreads. “Today marks the day …
- Bitcoin & Ethereum
Binance Stablecoin Outflow On A Steady Rise — What This Means For The Market
by adminby adminSemilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities …
- Web3 Technology
China Tech Giants Halt Hong Kong Stablecoin Plans Amid Beijing Concerns
by adminby adminChinese technology giants, including Ant Group and JD.com, have reportedly suspended plans to issue stablecoins in Hong Kong after regulators in Beijing voiced concerns over privately controlled digital currencies. The companies were instructed by …
Tempo, a blockchain for stablecoin payment processing, just concluded a $500 million fundraising round. With TradFi support, this Stripe subsidiary could soon become a major player in the sector. Although analysts wondered if Tempo …
- DeFi Market
Bank of England’s £20,000 stablecoin cap sends ‘terrible signal’ to crypto, says Lord – DL News
by adminby adminThe Bank of England’s stablecoin limits received fresh criticism. Restricting stablecoin use sends ‘terrible signal’ to businesses, says member of the Lords. The central bank’s deputy governor defended the limits in a Wednesday speech. …
Financial services company Western Union has said its forthcoming stablecoin settlement system will use the Solana blockchain. Announced during the company’s third-quarter earnings call last week, the stablecoin system will consist of the US …
Paxos’ $300tn stablecoin blunder sparks confusion amid firm’s trust charter bid – DL News
Paxos accidentally minted $300 trillion of PayPal’s stablecoin. It’s not clear how the firm made such a colossal mistake. The firm applied for a banking charter in August. Paxos’ erroneous creation of trillions worth …
Japan’s three largest banking groups are reportedly planning to jointly launch a stablecoin as institutional interest in blockchain-based digital money grows. According to a Friday report from the Nikkei, Mitsubishi UFJ Financial Group (MUFG), …