Investor confidence in stablecoins is tied to the issuer’s ability to redeem them for fiat currency at any time. To ensure that, stablecoin companies keep backup funds to secure their value. They hold actual …
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Stablecoins
- NFT & Metaverse
Bank of England expands digital pound pilot with Polygon and stablecoins
by adminby admin“If these processes can become faster and more efficient, U.K. businesses could unlock working capital sooner and make it easier to finance international trade,” Jacobsson said in an interview over LinkedIn. The BOE named …
Domestic-currency stablecoins intended to curb reliance on dollar-backed tokens could instead make it easier for users to move funds into digital dollars, according to a senior International Monetary Fund (IMF) official. On Friday, IMF …
- Blockchain Research
XRPL stablecoins surge to $900M, but the breakout trend is not RLUSD
by adminby adminStablecoin supply on the XRP Ledger has climbed to nearly $890 million, up 20.56% over the past 30 days. Ripple’s RLUSD explains almost all of that size, and a second dollar token is reshaping …
BitGo Holdings, one of the crypto industry’s most prominent custody and infrastructure firms, has reduced its workforce by nearly 15% as the company restructures around stablecoins, settlement, trading, security, and AI-powered infrastructure. The announcement, …
- NFT & Metaverse
‘Looksmaxxing’ Trend Spawns $100M Gray Market Fueled By Bitcoin, Stablecoins: Chainalysis
by adminby adminIn brief The crypto-powered gray-market peptide market has surpassed a $100 million annual run rate, according to Chainalysis. Demand surged alongside the rise of the social media “looksmaxxing” trend and growing interest in weight-loss …
- Blockchain Research
Visa is quietly building stablecoins into mainstream payment plumbing without you knowing
by adminby adminMake CryptoSlate preferred on Visa said its settlement pilot for stablecoins now supports nine blockchains and has reached a run rate of $7 billion a year. The company announced on April 29 that it …
NFT & Metaverse
ECB Warns Stablecoins May Drain Bank Deposits—Here’s What That Means
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In brief ECB board member Cipollone warned Friday that stablecoin growth could strip European banks of retail deposits, on top of the fees and transaction data they’re already losing to mobile payment platforms. Two-thirds …
China’s central bank is paying closer attention to stablecoins as privately issued digital currencies take on a potentially larger role in the international monetary system and cross-border payments. Wang Xin, director general of the …
DeFi Market
DoorDash is turning stablecoins into its core labor infrastructure across 40+ countries
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Make CryptoSlate preferred on DoorDash is working with Stripe-backed Tempo to bring stablecoin-powered payouts into its marketplace. The company operates across more than 40 countries, and the money inside that marketplace moves in several …
