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 […]
Stablecoins surpass Visa and Mastercard in online transaction volume
Stablecoins Surpass Visa and Mastercard in Online Transaction Volume In the ever-evolving landscape of digital transactions, stablecoins have emerged as a game-changer, surpassing traditional giants like Visa and Mastercard in online transaction volume. This shift signals a significant turning point in the way we perceive and conduct digital payments, with major platforms such as PayPal […]
South Korea plans slow rollout of stablecoins
South Korea Plans Slow Rollout of Stablecoins South Korea, known for its tech-savvy population and innovative approach to finance, is treading cautiously when it comes to the introduction of stablecoins. The Bank of Korea officials have expressed concerns that the widespread adoption of stablecoins could potentially disrupt financial markets and have a significant impact on […]
GENIUS Act clears path for bank-run blockchains
GENIUS Act Clears Path for Bank-Run Blockchains In a groundbreaking move, the United States has passed the GENIUS Act, a law that paves the way for banks to issue stablecoins and operate blockchain networks. This significant development holds the potential to revolutionize the financial industry by offering clients faster and more regulated payment options. The […]
China pushes global use of digital yuan
China Pushes Global Use of Digital Yuan In a bold move to reshape the landscape of global finance, Beijing is actively promoting the adoption of the digital yuan on an international scale. With a clear strategic vision in mind, China aims to establish a multipolar currency model that would lessen the world’s reliance on traditional […]
New Circle system aims to speed up global money transfers
Revolutionizing Global Money Transfers: The Innovative Circle System in Action In the fast-paced world of finance, the need for efficient and seamless money transfers has never been greater. With the rise of digital currencies and blockchain technology, traditional methods of sending money across borders are being challenged. In a groundbreaking move, the issuer of the […]
Ripple launches blockchain payments in the UAE
Ripple Revolutionizes Cross-Border Transactions in the UAE In a groundbreaking move that is set to transform the landscape of cross-border payments in the UAE, Ripple has launched its blockchain payments technology in collaboration with Zand Bank and fintech Mamo. This strategic partnership aims to revolutionize the way businesses and individuals conduct transactions, offering a faster […]
Abu Dhabi institutions plan a dirham-pegged stablecoin
Abu Dhabi Institutions Plan a Dirham-Pegged Stablecoin In a move set to revolutionize the financial landscape of the United Arab Emirates, institutions in Abu Dhabi are gearing up to launch a dirham-pegged stablecoin. This innovative digital currency is poised to bring a new level of stability and efficiency to the region’s financial markets. One of […]
ING eyes Euro stablecoin as MiCA opens door for banks
ING Explores Euro Stablecoin Opportunity as MiCA Regulation Allows Banks to Issue Digital Currencies The world of banking is on the brink of a major transformation as the European Union’s Markets in Crypto-Assets (MiCA) regulation opens up new possibilities for financial institutions. Among the frontrunners in exploring these opportunities is ING, one of the largest […]
Kyrgyzstan introduces USDKG, a gold-backed stablecoin
Kyrgyzstan Introduces USDKG: A Gold-Backed Stablecoin Kyrgyzstan has recently made waves in the world of digital currencies by introducing USDKG, a stablecoin fully backed by the Kyrgyz government’s gold reserves. This innovative move aims to create a more stable digital currency that can provide a secure and reliable alternative to traditional fiat currencies. The concept […]