In a significant move towards establishing a robust digital payment ecosystem, Singapore Gulf Bank has announced ambitious plans to raise $50 million aimed at developing a stablecoin payment firm. This initiative is poised to enhance the digital economy of Singapore and potentially influence the broader financial landscape across Southeast Asia. Stablecoins, a form of cryptocurrency […]
MiCA-Compliant Stablecoins Set to Revolutionize Digital Payments in Europe
In a significant step towards digital finance modernization, Dutch fintech company Quantoz Payments is launching two stablecoins—EURQ and USDQ—on November 18, 2024. This initiative aligns with the European Union’s Markets in Crypto Assets Regulation (MiCA), intended to enhance the security of digital payments across the continent. Supported by major players in the financial sector, including […]
Societe Generale-FORGE to Launch Euro Stablecoin
In a pivotal move for the cryptocurrency landscape, Societe Generale-FORGE, a subsidiary of the French banking powerhouse Societe Generale, has announced its plan to launch a euro-pegged stablecoin, known as EURCV, on the XRP Ledger in 2025. This announcement marks a significant step in SG-FORGE’s ambition to integrate blockchain technology into traditional finance while adhering […]
UK Plans New Rules for Stablecoins and Staking: A Step Towards Crypto Confidence
The British government is taking significant steps to regulate stablecoins and redefine the landscape of staking, aiming to position the UK as a leading destination for cryptocurrency innovation. The anticipated reforms, expected to be published by December, are poised to reflect a response to recent regulatory scrutiny of digital assets in the US. For many […]
New Global Dollar Network to Promote Stablecoin Adoption Worldwide
In a bold move that signifies the growing traction of cryptocurrency in mainstream finance, a consortium of leading financial technology firms has announced the launch of a new stablecoin known as USDG. This initiative, branded the Global Dollar Network, includes prominent players such as Robinhood, Kraken, and Galaxy Digital. The primary aim of USDG is […]
Blockchain Association Claims SEC’s Crypto Crackdown Costs $426 Million
In recent developments, the Blockchain Association, an advocacy group representing the interests of the cryptocurrency and blockchain industry, has asserted that the US Securities and Exchange Commission (SEC) has incurred significant costs on crypto firms, amounting to over $426 million in legal expenses since Gary Gensler took on the role of SEC Chair in 2021. […]
Brazil's Crypto Market Surges Past 2023 Totals
Brazil’s burgeoning crypto landscape is marking a significant milestone, as it has already surpassed its total crypto asset imports from the entire year of 2023 within just the first nine months of 2024. As reported by the Central Bank of Brazil, the net imports of crypto assets soared by over 60% year-on-year, reaching a staggering […]