Finextra

SEPTEMBER 6, 2024

As the world of cryptocurrency continues to explode, stablecoin issuers are navigating increasingly.

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Stablecoins Issuers Cryptocurrency Continuity 52

Fintech News

APRIL 7, 2024

customers to utilise PayPal USD (PYUSD) , a stablecoin pegged to the U.S. dollars within their PayPal Cryptocurrency Hub and send it to recipients in about 160 countries without incurring Xoom ‘s transaction fees. Xoom, a subsidiary of PayPal specialising in cross-border money transfers, has enabled U.S. Enabling U.S.

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Cross-Border Stablecoins PayPal Cryptocurrency 86

Fintech News

FEBRUARY 28, 2024

In recent years, the landscape of cryptocurrency and digital assets has experienced significant shifts, and Singapore, a nation known for its forward-thinking approach to fintech and digital innovation, is no exception.

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Cryptocurrency Stablecoins Digital Currency Regulations 92

The Fintech Times

AUGUST 24, 2024

Latin American payment service provider, Mercado Pago , now enables customers to buy and sell the Meli Dollar stablecoin through its app to all users in Brazil. The Meli Dollar stablecoin is pegged one-to-one with the US dollar and looks to ensure users have access to options less volatile than existing cryptocurrencies.

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Stablecoins Cryptocurrency Facilitators Service Provider 59

The Fintech Times

MAY 31, 2024

Cryptocurrencies offer a myriad of benefits for cross-border transactions. This is where a stablecoin can step in. Stablecoins are digital assets pegged to another asset – often government-issued fiat money. Morgan unveiled an improved tokenised payment platform following the success of its JPM stablecoin.”

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Stablecoins Innovation Cross-Border Issuers 49

PYMNTS

SEPTEMBER 13, 2020

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. Stablecoin dispensers should be registered in the EU, the ministers said, according to Reuters. “We

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Central Bank Cryptocurrency Regulations Stablecoins 145

The Fintech Times

APRIL 5, 2024

Ripple , the provider of enterprise blockchain and crypto solutions, plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100 per cent backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. The Ripple stablecoin will be issued on the XRP Ledger.

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Stablecoins Use Case Blockchain On-Demand 64

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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Stablecoins Cryptocurrency Payment Gateways Payments 45

PYMNTS

AUGUST 21, 2020

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency could be picking up some of the slack.” .

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Cryptocurrency Stablecoins Regulatory Compliance Money Laundering 139

The Paypers

APRIL 18, 2024

Cryptorefills Labs , a prominent entity in the cryptocurrency domain, has unveiled its latest research report titled ‘Stablecoins in Crypto-Shopping.’

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Stablecoins Research Cryptocurrency 41

The Fintech Times

JUNE 19, 2024

The Central Bank of the United Arab Emirates (CBUAE) has approved new regulations for stablecoins, enabling it to integrate Dirham-backed digital currencies into its financial ecosystem. A new system has now been issued in the UAE which will license and oversee stablecoins, following approval by the board of directors at the CBUAE.

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CBDC Stablecoins Regulations Disputes 69

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). It is that easy.

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Stablecoins Cryptocurrency Payroll Cross-Border Payments 52

PYMNTS

DECEMBER 4, 2020

Congress would make stablecoins illegal unless they're approved by the government, according to a report by Cointelegraph. Called The Stable Act, the bill will work to protect consumers from new digital payment instruments, citing both stablecoins and Facebook 's Libra ( now Diem ), Cointelegraph reported.

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Stablecoins Cryptocurrency Venmo Interoperability 93

The Fintech Times

FEBRUARY 12, 2024

The Cambridge Centre for Alternative Finance (CCAF) has launched a new tool providing real-time data and educational resources on digital money with an initial focus on stablecoins. The stablecoin market has surged from less than $3billion in 2019 to more than $130billion in 2024.

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Stablecoins Use Case Caps Research 64

Global Fintech & Digital Assets

JANUARY 8, 2024

The proposed regulatory framework would create substantive obligations on issuers of fiat-referencing stablecoins to safeguard the public. The HKMA followed with its own press release announcing a future sandbox arrangement for stablecoin issuers.

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Stablecoins Consulting Issuers Non-Bank 59

Finextra

JULY 12, 2024

German asset management company DWS has launched a new company in a step towards creating the first German-regulated cryptocurrency.

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Regulations Stablecoins Cryptocurrency 94

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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Stablecoins Cross-Border Cross-Border Payments Payroll 52

Fintech News

MAY 8, 2024

Terraform Labs, the company behind the Terra stablecoin, was a Singapore-registered startup not involved in activities requiring a license from the Monetary Authority of Singapore (MAS), and thus, was not licensed. He emphasised that local financial institutions have minimal exposure to cryptocurrencies.

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Addressing Stablecoins Monetary Loss Cryptocurrency 85

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 Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency.

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Stablecoins Cryptocurrency Central Bank Money Laundering 88

PYMNTS

DECEMBER 9, 2020

Cryptocurrency platform startup Circle has overhauled its network to advance mainstream trading, while its stablecoin USDC has surpassed three billion in circulation, growing by nearly 500 percent in 2020. “At He said the public blockchain will take digital dollar stablecoins mainstream.

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Stablecoins Multi-Currency Digital Currency C2B 103

The Fintech Times

JANUARY 2, 2024

As innovation continues in the virtual asset space, regulatory authorities in Hong Kong have proposed new regulatory rules for stablecoin issuers. Under the proposed regime, issuers would require a license from the HKMA to issue stablecoins that reference the value of one or more fiat currencies in Hong Kong.

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Stablecoins Issuers Consulting Authorization 69

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. Dissect the common misconceptions between digital assets and cryptocurrencies and how they can be corrected. Explore which countries are leading the stablecoin race and why.

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Metaverse FinTech Stablecoins Blockchain 111

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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Cryptocurrency Stablecoins Bitcoin Payments 97

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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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

Payments Source

MARCH 25, 2021

Wallex hopes its EURST stablecoin will be transparent and familiar enough to appeal to mainstream payment companies. ]].

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Stablecoins Cryptocurrency Payments 169

Fintech News

JULY 17, 2024

PEXX, a fintech startup focused on cryptocurrency and blockchain technology, has officially launched with US$4.5 This investment will support the development of PEXX ’s stablecoin-to-fiat payment platform, which aims to improve global currency transfers. million in seed funding.

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Stablecoins Cross-Border Ubiquitous Cryptocurrency 69

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

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APACS Regulations Stablecoins Cryptocurrency 97

PYMNTS

NOVEMBER 12, 2020

The price of the cryptocurrency was $16,301.03 It wasn’t immediately known why the cryptocurrency increased in price, but some observers have suggested a connection with the U.S. In other news, the price of bitcoin exceeded the $16,000 price level on Thursday for the first time in nearly three years, CNBC reported. as of 7:17 p.m.

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Stablecoins Bitcoin Digital Currency CBDC 110

The Paypers

MAY 16, 2023

Cryptocurrency exchange Binance has announced that it will cease its operations in Canada due to new stablecoin and investor limits.

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Cryptocurrency Stablecoins Rules 45

Fintech News

AUGUST 21, 2024

PEXX, a fintech startup specialising in stablecoin cross-border payments, has acquired Singapore-based blockchain media platform Chain Debrief. PEXX said that the goal is to provide users with updated information on blockchain technology, cryptocurrencies, and regulatory developments, enhancing their decision-making process.

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Blockchain Cross-Border Payments Acquirers Cross-Border 90

PYMNTS

SEPTEMBER 17, 2020

Dapper Labs will be partnering with peer-to-peer firm Circle to help add payment methods for digital collectibles using credit and debit card payments to settle in the stablecoin USD Coin (USDC), according to a blog post from Circle. Up to now, paying for digital collectibles on blockchain relied on cryptocurrency payments.

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Stablecoins Digital Currency Blockchain Cryptocurrency 77

The Paypers

FEBRUARY 3, 2022

Esketit has added USDC and USDT stablecoins as a currency, allowing the P2P lending platform to make it possible for investors to invest in loans using cryptocurrency.

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Stablecoins P2P Cryptocurrency 57

The Fintech Times

MAY 22, 2024

Our monthly focus now turns to the most well-known form of digital assets : cryptocurrencies. This convergence is seeing cryptocurrency increasingly making its mark in the real world, with financial giants like Fidelity and BlackRock showing interest and investment in the space. But what is keeping this momentum going? .

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Cryptocurrency Innovation Bitcoin Blockchain 78

PYMNTS

OCTOBER 14, 2020

Latin American cryptocurrency company Ripio will work with global FinTech firm Circle , using the latter's platform to support USD Coin (USDC) liquidity, according to a press release emailed to PYMNTS. South America is experiencing rapid growth in stablecoin use, with a massive spike in the use of U.S.

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Stablecoins Digital Currency Cryptocurrency Returns 91

PYMNTS

JULY 10, 2020

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. The FATF said it will review the implementation and impact of its standards by next summer and provide further guidance on stablecoins and virtual assets.

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Money Laundering Stablecoins Cryptocurrency Central Bank 56

PYMNTS

SEPTEMBER 18, 2019

17) about proposed cryptocurrencies like Facebook’s Libra and said Berlin would reject them, according to a report by Reuters. Speaking about stablecoins, which are cryptocurrencies backed by more traditional financial products, like fiat currency, securities or gold, Scholz said, “We cannot accept a parallel currency.

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Stablecoins Finance Cryptocurrency Central Bank 54

The Fintech Times

FEBRUARY 27, 2024

” Stablecoins will take 2024 by storm Marc Taverner, CEO and co-founder of XEROF The world of digital assets and cryptocurrencies will play host for the next big payments trend according to Marc Taverner , the CEO and co-founder of XEROF , a Swiss financial services provider specialising in cryptoassets.

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Consumer Protection Stablecoins Payments Trends Consumer 69