Telegram Rolls Out TON Wallet for US Users Telegram, the popular messaging platform, has made a significant move by introducing the TON Wallet to its users in the United States. This latest development allows American users to send stablecoins, swap tokens, and efficiently manage their assets without leaving the app. The introduction of the TON […]
Western Union eyes faster remittances with stablecoins
Western Union Eyes Faster Remittances with Stablecoins In the ever-evolving landscape of financial technology, remittance firms have been seeking innovative solutions to make cross-border money transfers more efficient and cost-effective. One of the latest trends in this space is the use of stablecoins, digital currencies pegged to a stable asset like the US dollar, to […]
Mastercard expands crypto partnerships after stablecoin law
Mastercard Expands Crypto Partnerships Following GENIUS Act Clarification The recent development of the GENIUS Act has brought about significant changes in the cryptocurrency landscape, particularly in the realm of stablecoins. This new legislation has provided much-needed clarity on stablecoin rules, paving the way for major players like Mastercard to forge ahead with their crypto initiatives. […]
US banks plan stablecoins as crypto rules evolve
US Banks Strategize Stablecoins to Navigate Crypto Regulation Changes In the ever-changing landscape of cryptocurrency regulations, US banks are looking into innovative solutions to bridge the gap between traditional finance and the digital asset space. One such solution gaining traction is the utilization of stablecoins pegged to fiat currencies. These stablecoins could potentially offer a […]
Mastercard says stablecoins are not ready for everyday payments
Stablecoins: Are They Ready for Everyday Payments? Mastercard, a global leader in payment technology, has recently expressed reservations about the readiness of stablecoins for everyday transactions. Despite the growing popularity of stablecoins in the digital realm, particularly within the realm of cryptocurrency trading, Mastercard believes that these digital assets are not yet suitable for widespread […]
Bank of England chief rejects private stablecoin plans
Bank of England Chief Rejects Private Stablecoin Plans: Calls for Tokenised Deposits Instead Andrew Bailey, the Governor of the Bank of England, has recently taken a firm stance against the proliferation of private stablecoins in the financial market. Bailey has expressed concerns that the rise of private stablecoins could pose a significant threat to financial […]
Bank of Korea sounds alarm over unregulated stablecoins
The Risks of Unregulated Stablecoins: Bank of Korea’s Warning South Korea’s central bank, the Bank of Korea, recently raised concerns over the proliferation of unregulated stablecoins in the financial market. The warning issued by the central bank highlighted the potential economic chaos that could ensue if multiple stablecoin issuers are allowed to operate without clear […]
Hong Kong eyes over 40 firms for stablecoin licences
Hong Kong Eyes Over 40 Firms for Stablecoin Licences As the world of cryptocurrency continues to expand and evolve, regulatory bodies are scrambling to keep up with the pace. Hong Kong, known for its robust financial sector, is now at the forefront of regulating stablecoins, with over 40 firms vying for licenses in this space. […]
Tether and Binance left out of EU crypto approval list
Tether and Binance left out of EU crypto approval list The recent exclusion of Tether and Binance from the list of approved cryptocurrencies in the European Union has sent shockwaves through the digital asset community. The European Union’s Markets in Crypto-Assets (MiCA) framework aims to regulate the cryptocurrency market and provide a clear set of […]
Crypto spending in Europe is rising with stablecoins leading
Crypto Spending in Europe is Rising with Stablecoins Leading A recent report has unveiled a significant surge in crypto spending across Europe, with stablecoins emerging as the preferred choice among consumers. According to the findings, stablecoins currently make up over 75% of all crypto purchases in the region, indicating a growing trend towards digital asset […]