In the rapidly evolving world of cryptocurrencies, stability has become a significant concern. The concept of a stablecoin, designed to minimize the volatility associated with traditional cryptocurrencies, has gained popularity. However, a new and innovative solution has emerged – Flatcoin.…
Hokkokubank Launches Local Digital Currency in Japan, Stablecoin Coming Soon
In a groundbreaking move that is set to revolutionize Japan’s financial landscape, Hokkokubank, in partnership with Kono Shinkin Bank, has launched a local digital currency initiative. This innovative project aims to empower local communities and businesses by leveraging blockchain technology…
Binance Japan partners with mega-bank MUFJ on stablecoin project
Mitsubishi UFJ Trust and Banking Corporation, Japan’s largest banking group, and Binance Japan, the local arm of the world’s biggest cryptocurrency exchange, have partnered to create fiat-pegged stablecoins. This collaboration utilizes the “Progmat Coin” platform, which is led by Mitsubishi’s…
Visa to Send Stablecoin USDC over Solana to Help Pay Merchants in Crypto
As Visa aimed to expand its potential to more clients, there was an urgent need to utilize newer, high-performance blockchains that could send and receive stablecoins at a faster rate and at a lower cost. For these reasons, Visa supported…
Singapore among World’s First to Agree to Stablecoin Crypto Regulation
Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…
Should We Be Worried About PayPal’s Stablecoin? Here’s a Scary Feature
PayPal showed they have a deep interest in the crypto industry after they launched their stablecoin PYUSD. Apparently, this new token is a verification and solidification of a venture they started in 2020. Then, PayPal allowed the integration of crypto…
Stablecoin Issuer Paxos in a Pickle by SEC
Paxos, a New York-based technology and financial company, is in a pickle after the Security and Exchange Commission (SEC) stated that it plans to sue the company for regulatory violations over its issuance of a stablecoin. This seems to be…
Is USDC the Most Promising Regulatory-compliant Stablecoin?
The cryptocurrency space has its share of bad actors. This is one of the reasons a lot of investors are having second thoughts about dipping their toes in digital assets. Circle’s USDC stablecoin is being marketed as one of the…
Stablecoin Settlements Could Surpass Visa and All Major Card Networks In 2023
Stablecoins are extremely important in today’s crypto economy, and despite the recent drop in the broader market, stablecoin volumes continue to dominate most exchanges. $7 Trillion In 2022 According to Coin Metrics data, on-chain stablecoin settlements surpassed $7 trillion in…
South Korea Central Bank Pushing For Stablecoin Regulation
The Bank of Korea (BOK) has stated that it is seeking increased statutory authority to regulate stablecoins. BOK revealed its position in a report published on December 11 as part of its efforts to control the growing digital asset industry.…