Triple-A, a leading payments company based in Singapore, is set to enhance its payment services by including PayPal’s stablecoin among the list of tokens accepted for merchant payments. As the first licensed crypto payments company in Singapore, Triple-A has been…
Search Results For: Stablecoin
Stablecoin Bill Gains Unexpected Support from Senate Chair Sherrod Brown
Sherrod Brown, the Senate Banking Committee chairman and a known critic of cryptocurrencies, has expressed openness to advancing a long-delayed bid for stablecoin legislation. This unexpected support from Brown, a Democrat representing Ohio, has the potential to significantly enhance the…
US Senators Cynthia Lummis and Kirsten Gillibrand Propose Bipartisan Legislation for Payment Stablecoins
US senators Cynthia Lummis and Kirsten Gillibrand have joined forces to introduce a groundbreaking bipartisan legislation known as the Lummis-Gillibrand Payments Stablecoin Act. The primary objective of this proposed law is to establish a clear regulatory framework for payment stablecoins…
FDUSD Stablecoin Launches on Sui Network Through First Digital Labs
In the realm of cryptocurrencies, stability and reliability are crucial factors that users seek in order to navigate the volatile landscape. First Digital Labs, a force in the blockchain industry, is set to introduce FDUSD, the first native, non-wrapped stablecoin…
Sony Bank Embarks on Stablecoin Trial Using Polygon Blockchain
Sony Bank, the banking and financial arm of the renowned Japanese technology conglomerate, has taken an innovative step forward by initiating a proof-of-concept to issue its own fiat-pegged stablecoin on the Polygon blockchain. This move comes as part of Sony’s…
Sui’s USDY: The Crypto Market with a Native Stablecoin-Alternative
Sui, the decentralized finance (DeFi) platform, has been making waves in the crypto space with its remarkable success. In just nine months, Sui has surpassed half a billion dollars in total value locked, establishing itself as a powerhouse in the…
UK Government to Implement Legislation on Stablecoins and Crypto Staking in Six Months
In a landmark move that positions the United Kingdom at the forefront of cryptocurrency regulation, Economic Secretary to the Treasury, Bim Afolami, has unveiled the government’s ambitious plan to introduce comprehensive legislation targeting stablecoins and crypto staking services. This initiative…
Cardano’s Stablecoin Becomes the Talk of the Crypto Market as it Witnesses a 673% Growth
Cardano’s trajectory in the crypto market is defined by its strategic development, resulting in a remarkable 673% growth. According to Messari, the two reasons for this surge are the innovative Ouroboros consensus model and the Alonzo hard fork. This propel…
What Concerns Do Regulators Have About the Stability of Crypto Stablecoins?
Stablecoins have emerged as a crucial component within the cryptocurrency ecosystem, offering traders a means to swiftly transition between volatile digital assets and a more stable form of value resembling traditional fiat currencies. These digital tokens, often pegged to a…
JPMorgan warns that the growing dominance of Tether’s stablecoin could pose a threat to the cryptocurrency market
In an unprecedented leap, Tether Holdings, the powerhouse behind the most widely utilized stablecoin, USDT, is on the brink of a historic achievement—surpassing the $100 billion mark in circulation. This monumental milestone not only cements Tether’s position as the frontrunner…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
