Fintech News

DECEMBER 16, 2024

Ripple, a provider of enterprise blockchain and crypto solutions, has launched its stablecoin, Ripple USD (RLUSD) , on global exchanges today. Brad Garlinghouse Early on, Ripple made a deliberate choice to launch our stablecoin under the NYDFS limited purpose trust company charter, widely regarded as the premier regulatory standard worldwide.

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The Payments Association

DECEMBER 17, 2024

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. “As the U.S.

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Fintech News

MARCH 18, 2024

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).

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PYMNTS

NOVEMBER 25, 2020

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.

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PYMNTS

DECEMBER 17, 2020

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.

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PYMNTS

NOVEMBER 19, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.

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PYMNTS

DECEMBER 29, 2020

On another note, professional football player Russell Okung will be the first player from a significant American sports league to get paid via "bitcoin," CoinDesk reported. Half his salary is going to bitcoin and the other half is going to fiat, the athlete told CoinDesk. In other news, GMO Internet Inc.

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The Fintech Times

DECEMBER 3, 2024

dtcpay , the licensed payment service provider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) payment services.

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PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. You Can’t Spend It.

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PYMNTS

JUNE 29, 2020

The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s A decision on its coins, seen as a competitor of Bitcoin, is expected this year. s proposed Libra, CoinDesk reported.

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PYMNTS

NOVEMBER 4, 2020

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

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Fintech News

SEPTEMBER 18, 2024

Digital currencies and stablecoins Finally, the Forrester report notes that stablecoins, which are digital currencies pegged to traditional assets like the US dollar, are gaining momentum in APAC. As stablecoins grow in popularity, regulatory frameworks are being developed across the region.

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PYMNTS

AUGUST 9, 2020

In other news, the Binance stablecoin can now be accessed in New York since the state’s financial watchdog gave it the go-ahead, CoinDesk reported. BUSD is a white-label stablecoin from the Paxos Trust Company , which was allowed to issue the coins by the NYDFS in 2018.

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PYMNTS

JULY 31, 2019

That means that trading cryptos like bitcoin and ether only need to follow KYC rules and will not be under FCA scrutiny. The overview states that “stablecoins, fiat-backed coins, generally seem to be classed as eMoney, depending on their structure.

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The Fintech Times

MAY 1, 2024

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.

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PYMNTS

AUGUST 21, 2020

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.

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PYMNTS

SEPTEMBER 23, 2020

Origin unveiled a stablecoin for the Ethereum network dubbed the Origin Dollar (OUSD), according to a Medium post. Tether debuted the concept of a stablecoin denominated in U.S. The digital currency receives “competitive yields” from decentralized finance (DeFi) protocols without intervention as it stays in a user's wallet.

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PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting Comptroller of the Currency Brian P.

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Payments Source

NOVEMBER 15, 2018

This week's plunge in bitcoin's value highlights one of the biggest concerns in using the cryptocurrency for payment. Stablecoins, which are pegged to traditional currency such as the U.S. dollar or a precious metal, are seen as a much less risky investment.

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PYMNTS

JANUARY 5, 2020

Burger King is letting people pay their way in Venezuela with a new bitcoin partnership that enables cryptocurrency purchases, CoinTelegraph reported on Saturday (Jan. The startup Cryptobuyer oversees a line of Bitcoin ATMs that convert cryptocurrency funds to pay out in fiat currency. . Confirmed in a Dec. Confirmed in a Dec.

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PYMNTS

DECEMBER 15, 2020

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. BDVH has partnered with Bitbond to introduce EURB to the Stellar network, the release stated.

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The Fintech Times

MAY 31, 2024

This is where a stablecoin can step in. Stablecoins are digital assets pegged to another asset – often government-issued fiat money. As such, stablecoins have the capability of utilising crypto payment avenues (which are often quick and have less fees) without running the risk of a volatile value.

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PYMNTS

DECEMBER 2, 2020

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

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PYMNTS

JULY 9, 2020

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.

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PYMNTS

JULY 7, 2020

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.

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BitPay

APRIL 25, 2023

We’re excited to announce that BitPay now supports Etheruem and ERC-20 Stablecoin payments for our payroll and payouts solution, BitPay Send. Additionally, organizations may still pay out in non-Ethereum cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE) and Bitcoin Cash (BCH).

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Finovate

DECEMBER 20, 2023

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. BlackRock, Nasdaq, SEC Meet Again on Bitcoin ETF This week, according to reporting in Coindesk, representatives from BlackRock, Nasdaq, and the U.S.

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Fintech News

DECEMBER 4, 2023

The partnership allows businesses associated with Independent Reserve to leverage the exchange’s liquidity for issuing invoices and accepting a variety of cryptocurrency payments including Bitcoin, Ethereum, USDC, and USDT. Bitcoin and stablecoin volumes outpaced both Mastercard and Paypal last year.

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Fintech News

FEBRUARY 15, 2024

While bitcoin had long been the preferred crypto for criminals, stablecoins became in 2022 the dominant choice for illicit transactions, a shift that’s in part attributed to their overall growth and larger share in crypto activity. The rest represents activities from average crypto users who happen to reside in those jurisdictions.

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CoinRemitter

JANUARY 17, 2024

There are about 9000 cryptocurrencies in the world, and over 150 of them are stablecoins, which acquire 0.08% of the cryptocurrency market. This number clearly shows the potential of stablecoins. Whenever we discuss stablecoins, we all think about USDT. But stablecoins aren’t just about Tether.

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PYMNTS

DECEMBER 24, 2020

Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.

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Fintech News

MAY 21, 2024

Balances can be transferred instantly to stablecoins like USDT and USDC. The company also partnered with Victory Securities in Hong Kong to provide virtual asset trading and advisory services, particularly for the new Bitcoin and Ether spot ETFs. Alchemy Pay continues to build its extensive Web 3.0

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PYMNTS

OCTOBER 26, 2020

million in discounted bitcoin in exchange for gift cards — an amount that a report from Arcane Research says is half Paxful's trade volume, Cointelgraph reports. Trade of bitcoin for gift cards, the report says, comes out to 48 percent of Paxful's revenue. The gambling activities involved the tether stablecoin.

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PYMNTS

JANUARY 18, 2021

dollar will remain strong on the international stage and won’t be surpassed by bitcoin anytime soon, although it could be a veritable reserve currency, CoinDesk reported. Other than, you know, gold, bitcoin. Flynn purchased bitcoin for his roughly 450 clients, the report stated. Unless the U.S. Unless the U.S.

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Fintech News

OCTOBER 7, 2024

This option is now available at Capella Singapore and Patina Maldives, Fari Islands, where guests can settle their room bookings and other expenses with tokens like WUSD, USDT, USDC, Bitcoin, and Ethereum. We look forward to extending our offerings to more properties within the group in the near future.”

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PYMNTS

JANUARY 21, 2021

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.

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BitPay

APRIL 25, 2023

Stablecoins help bridge the gap between fiat currency and crypto. Ahead we’ll take a closer look at what makes stablecoins a leading option for cross-border crypto payments. Ahead we’ll take a closer look at what makes stablecoins a leading option for cross-border crypto payments. These reserves, typically held in U.S.

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