CFX Labs, a leading U.S.-based fintech firm, has recently secured $9.5 million in seed investments to fuel the expansion of its innovative Solana blockchain-based stablecoin payment and remittances network. This investment round, which was oversubscribed, includes notable participants such as…
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BlackRock Identifies Risks of USDT and USDC Stablecoins to Bitcoin
The BlackRock Spot Bitcoin ETF filing has recently made waves in the digital asset sector, capturing the attention of market participants and enthusiasts worldwide. As the largest asset manager globally, BlackRock’s decision to pursue a Spot Bitcoin ETF has garnered…
UK Sets Out Proposals to Bring Stablecoins into Real Economy
While the United States patiently awaits the progress of its stablecoin bill, the United Kingdom has taken a proactive stance by formulating a comprehensive proposal to regulate stablecoins. The UK has integrated stablecoins into the mainstream economy as an alternative…
Fed’s Barr Sees Stability Risk in Private Crypto Stablecoins
The Federal Reserve’s leading bank overseer, Michael Barr, has voiced growing concerns over the potentially destabilizing impact of crypto stablecoins on the intricate fabric of the US financial system. In a keynote address at the DC Fintech Week event, Barr…
SEC Subpoenas PayPal in Relation to PYUSD Stablecoin
PayPal, a global payments leader, has encountered a significant development in the cryptocurrency market. The company has received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its USD stablecoin. This regulatory action has sparked discussions about its…
Cryptoassets: Brazilian IRS Detects Sharp Rise in Stablecoin Transactions
Stablecoins, a type of cryptocurrency designed to maintain a stable value by pegging it to real-world assets such as fiat currencies or commodities, have witnessed a remarkable surge in adoption. Recent reports by the Brazilian Federal Revenue Service reveal a…
Surge in USDT Adoption Propels Brazil to Dominate 80% of Crypto Transactions in 2023
In recent years, the world of cryptocurrencies has witnessed a remarkable shift in the landscape of digital transactions. Brazil, in particular, has emerged as a hotbed for cryptocurrency adoption, with one stablecoin leading the way. Stablecoin Tether (USDT) has experienced…
Stablecoins are One of the Largest Holders of US Debt – Coinmetrics Co-Founder
The Messari Mainnet Conference, which was held last September, was the venue for blockchain companies and experts to share their views and expertise regarding the state of the crypto industry. One of the talks was whether stables or stablecoins serve…
Cardano’s ADA Anticipates a Challenging Phase: Expert Analysis
According to a recent analysis from prominent crypto expert Benjamin Cowen, Cardano’s ADA token is confronting a questionable future. Cowen, who holds a Ph.D. in engineering, has established himself as an authoritative voice on cryptocurrency markets. His latest observations indicate…
Finland Endeavors in Developing an Instant Payments System using Digital Euro
In a groundbreaking move towards the future of digital finance, Finland is actively working on the development of an instant payments system while embracing the concept of a digital euro. This strategic initiative, led by the Bank of Finland, aims…