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Ripple, a provider of enterprise blockchain and crypto solutions, has launched its stablecoin, Ripple USD (RLUSD) , on global exchanges today. moves toward clearer regulations, we expect to see greater adoption of stablecoins like RLUSD, which offer real utility and are backed by years of trust and expertise in the industry.”
RLUSD is an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripples years of experience working with crypto and the existing financial system. RLUSD is available on both the XRP Ledger and Ethereum blockchains, offering flexibility and scalability for various financial use cases.
Unifying global fiat and stablecoin payments, stablecoin payments infrastructure provider BVNK has announced a new embedded wallet. They have existed in today’s market for some time but have had limited capabilities to manage stablecoin, crypto and fiat payments in one place. Why stablecoins?
The crypto payment adoption is growing rapidly across the European Union (EU), with stablecoins being widely used as a preferred cryptocurrency among businesses. The Rise of Stablecoins in Europe With the evolving global financial landscape, European businesses are aggressively turning to cryptocurrency payments for more efficiency.
Compared to traditional currencies, cryptocurrencies operate on decentralised networks, often powered by blockchain technology. These include Ethereum for smart contracts, Tether as a stablecoin, and many others that cater to diverse needs in the financial and technological landscape.
The five supported digital currencies at this stage include Bitcoin (BTC), Ether (ETH) as well as stablecoins such as StraitsX Singapore Dollar (XSGD), Tether (USDT), and USD Coin (USDC). experiences among its users in Singapore.
New York, New York, April 8th, 2025, FinanceWire Testnet Opens Door to Decentralized Trading, Borrowing, Earning, and Stablecoins on Bitcoins Foundation Bitcoins market cap sits close to $2 trillion, but its potential remains largely untapped, locked behind centralized solutions. Users can learn more at alpenlabs.io
Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.
The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. In a paper that debuted Tuesday (Nov.
South Korean highways could see blockchain-based toll booths before the end of the year, according to a report from Crypto News. KEB Hana Bank , one of the largest banks in the country, is going to work with the Korea Expressway Corporation on blockchain-based services. They still have to inform NYDFS before using the coin, though.
Fast-forward to today, a Bitcoin-focused product strategy within the lineup seems to be a safer bet. Its early, all-in stance on Bitcoin now seems like a stroke of genius, given that crypto markets are maturing, Bitcoin is reaching new peaks, and a new administration is seemingly opening the door to crypto and Web3.
For example, if we consider Bitcoin, the most popular cryptocurrency, it has experienced price swings of over 10% in a single day due to major announcements, exchange hacks, or macroeconomic trends. As of March 2025, our crypto payment processor lets businesses accept stablecoin payments in USDT ERC20 and USDT TRC20.
Despite its gains, some people are skeptical because XRP does not run a decentralized blockchain, and that it allows the potential reversibility of transactions, according to Cryptovest. In other news, Samsung is planning to launch its blockchain technology onto its budget smartphone. “We And SFOX is partnering with New York-based M.Y.
We will: Explore the biggest innovations over the past year in the cryptocurrency, stablecoin, blockchain and digital assets spheres. Anticipate what needs to happen in order for Bitcoin to break its all-time record again. Explore which countries are leading the stablecoin race and why.
The blockchain has been touted as the solution for any host of information and asset transfer issues — due in part to the fact that data in a blockchain cannot be altered (i.e. Lack of access to banking is a significant issue for blockchain projects, even today,” Public Mint said. is immutable).
Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. download our best of blockchain research. download our best of blockchain research. But blockchain’s potential extends well beyond crypto and NFTs. First name. Company name. Phone number.
Bit by bit — but more than bitcoin by bitcoin — cryptos are inching into the mainstream, for both consumer and commercial applications. Elsewhere, Square announce last month that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We
Integrating cutting-edge technologies The report emphasizes APAC’s innovative payment landscape, which has evolved from QR code payments in China to the integration of AI and blockchain. As stablecoins grow in popularity, regulatory frameworks are being developed across the region.
Cryptocurrency and blockchain-based payments Cryptocurrencies are digital assets that leverage blockchain technologyi.e., Miners or validators verify the transaction on the blockchain. Once confirmed on the blockchain, contactless crypto transactions are final and irreversible. They expect to tap and go.
The China Banking Association (CBA) has announced the launch of a blockchain-based platform for trade finance. In other news, Vaishali Mehta, who worked as a senior compliance manager at Coinbase, has left the company to become the head of compliance for TrustToken , which produces the TrueUSD stablecoin.
While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software. Cryptocurrency has not been without controversy.
Huawei has created a technology based on the blockchain to help the Beijing government more effectively monitor and supervise citizen information, CoinDesk reported. Moreover, the cloud services arm of Huawei has fueled the project with blockchain innovations like distributed ledgers.
Regulators are taking in an interest in stablecoins, with the Financial Action Task Force (FATF) noting in a report the digital currencies need to adhere to norms to offer protection from the terrorism financing and money laundering, Bloomberg reported.
The alliance, a Libra competitor, provides an avenue for developers to create decentralized apps based on Celo blockchain technology as well as U.S. stablecoin. All of the steps — ranging from the loans’ organization to monthly payments from those who are borrowing money — are run on the blockchain of Figure, as cited in the report.
Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Even bitcoin is accepted by only a relative handful of digital retailers.
Visa has partnered with BlockFi to launch a credit card that offers bitcoin rewards rather than travel points or cash back, according to an announcement. The BlockFi Bitcoin Rewards Credit Card , which will be available in the spring of 2021, will give 1.5 The card carries a $200 annual fee. “We
Blockchain payment service company Bitpay announced Tuesday (Dec. 10) the introduction of stablecoin payments for both users and merchants, according to a release. . The company will allow the use of three stablecoins: Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX).
The conversation is no longer just about Bitcoin and speculative trading. Go beyond the basics and evaluate how blockchain technology might be relevant to your own operations. Stablecoins This technically fits into the crypto category, but it deserves a highlight all on its own because of the potential.
This year’s blockchain craze has pushed a huge amount of new money into cryptocurrencies, private blockchain projects, and companies holding initial coin offerings (ICOs). Research Briefing: Blockchain in Review. Track the blockchain companies in this brief and many more on our platform. Track Blockchain Startups.
The Central Bank of Argentina (BCRA) is trying out blockchain in a new clearing system, and the technology could eventually be used by other large banks, according to CoinDesk. The solution, by blockchain developer IOV Labs, is intended to speed up fiat payments, putting in end-to-end technology to make everything flow better.
The United Nations (UN) needs to embrace blockchain, António Guterres, U.N. Guterres said blockchain technology will be a critical part of the U.N., China, too, has prioritized blockchain, and the $6 billion U.N. Children’s Fund can receive donations in bitcoin and ethereum for some projects. . “For 26 in an interview.
Chainalysis unveiled an anti-money laundering (AML) compliance solution for stablecoins called Know Your Transaction (KYT), the company said in an announcement. The product seeks to track stablecoins through every transaction, with the inclusion of redemption and issuance. ”
BitPay , which is the world's largest provider of bitcoin and cryptocurrency services, has announced that mobile payments app Slide will now add cryptocurrency as a payment option, according to a press release. It will allow for instant money transfers on blockchain.
With a spot Bitcoin ETF expected in 2024, crypto investors, traders, and enthusiasts are likely feeling as optimistic about digital assets as they have in awhile. So with the year drawing to a close, here are a few recent crypto- and blockchain-oriented headlines that you might have missed.
Authorities in China have confiscated bitcoin, ether and tether worth more than $15 million and luxury cars from those who allegedly ran a purported cryptocurrency scheme, CoinDesk reported. Police in a Chinese city had reportedly taken 10 suspects into custody.
Bitcoin users might soon be able to donate to help rebuild Notre Dame Cathedral. Although bitcoin isn’t one of the approved currencies, France’s Minister for Digital Affairs Cedric O said he is willing to speak to crypto platforms about possibly allowing bitcoin donations. But we are open to discussing with others.
And the Solana blockchain has become an official chain for USDC, which continues the growth of USDC as an open standard and protocol for fiat cryptocurrency on blockchains, according to an announcement from Centre. USDC for Solana is currently available on the Solana Mainnet.
A television host in New Zealand has become the victim of a bitcoin scam, with fraudsters impersonating him to promote a suspicious cryptocurrency business. But Faitaua said that has never owned any bitcoin, and any claims to the contrary are simply false. “A All stablecoins on Bitfinex and Ethfinex will be traded against USD.”.
Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). What are Stablecoins?
Global blockchain firm Binance and blockchain payment service provider BitPay are teaming to increase adoption of the BUSD Binance stablecoin, according to an announcement. PPEX reportedly handles secondary trades for exempt securities, with the inclusion of blockchain-native digital assets.
In some cases, blockchain is being deployed, sometimes with cryptocurrencies as part of the equation. It should be evident that there is value in taking the guesswork out of the equation — and value lies, too, Singh asserted, in using cryptos and blockchain in B2B. Transactions settle in one business day, he said. The Volatility.
In other news, crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether , have been accused again of manipulating the bitcoin markets. 22, says that both companies “monopolized and conspired to monopolize the Bitcoin market.”. When Bitcoin prices were falling, Defendants and their co-conspirators printed USD?s
Russia’s Sberbank could roll out its stablecoin as early as this spring after filing with the Bank of Russia to launch a blockchain platform, Cointelegraph reported. The filing process only takes about 45 days, but Sberbank is also still debating how Sbercoin will be taxed, according to Cointelegraph, citing news agency Interfax.
There was a time when JPMorgan Chase (JPMC) CEO Jamie Dimon didn’t have much in the way of positive things to say about bitcoin. He said he regretted calling bitcoin a fraud, and that the blockchain was a genuinely interesting technology with potential. I didn’t want to be the spokesman against bitcoin. Dimon clarified.
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