Western Union CEO Devin McGranahan stated in a recent interview that stablecoins should be viewed as an opportunity rather than a threat to the company’s business model. He emphasized that stablecoins can facilitate faster and cheaper cross-border transactions, benefiting both the company and its customers. McGranahan told Bloomberg that while stablecoins cannot be directly spent […] Source CryptoX Portal
Key Notes GENIUS Act provides regulatory framework allowing banks and fintechs to issue stablecoins in the US market. Circle’s USDC dominates US with $65B circulation while Tether’s USDT leads globally with $162B market cap. Tether leverages strong international presence in Latin America, Africa, and Asia for competitive advantage. Tether, issuer of the world’s largest stablecoin, is finalizing its return to the US following the passage of the GENIUS Act. CEO Paolo Ardoino confirmed the company’s reentry strategy during a Bloomberg interview on Wednesday, outlining plans to focus on institutional payments…
Western Union is exploring ways to integrate stablecoins into its services as the firm seeks to modernize cross-border payments. During a Monday interview with Bloomberg, Western Union CEO Devin McGranahan said that the firm views stablecoins as an opportunity. He also said the company is exploring partnerships with major crypto industry players to offer stablecoin on-ramp and off-ramp services, as well as a digital wallet. “We see stablecoin really as an opportunity, not as a threat. […] We’re 175 years old, and we’ve been innovative across [those] 175 years. And…
The United States just ignited a new era of crypto dominance, with landmark legislation unleashing blockchain and AI to revolutionize finance, healthcare, and the global digital economy. Crypto Tech Will Reshape Finance, Healthcare, and Everything Else, Says Robinhood CEO The passage of a U.S. bill focused on crypto regulation is fueling a wave of optimism […] Source CryptoX Portal
Charles Schwab is preparing to expand its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster. In an interview with CNBC on Friday, Wurster said Schwab clients already hold significant exposure to crypto via exchange-traded products (ETPs), owning more than 20% of the industry’s crypto ETP market. However, he noted that crypto still represents a relatively small portion of clients’ total wealth, around $25 billion out of $10.8 trillion. “We anticipate launching Bitcoin (BTC) and Ether (ETH) sometime soon so that our clients have access to that,”…
Key Notes Pudgy Penguins CEO Luca Netz confirmed plans to raise funds for Abstract. Smart Money inflows surged +15.97% in 24h as bulls drive PENGU prices. PENGU soared 43.49% this week, and is now consolidating around $0.03024. In a bold new chapter for the Pudgy Penguins PENGU $0.0306 24h volatility: 2.2% Market cap: $1.91 B Vol. 24h: $1.19 B universe, CEO Luca Netz has announced plans to raise fresh capital for Abstract, the Ethereum layer-2 blockchain developed under Igloo Inc., the parent company behind the Pudgy empire. Netz made a…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…
A South Korean court acquitted Jang Hyun-guk, the former CEO of blockchain gaming firm Wemade, of manipulating the WEMIX crypto token’s circulation. On Tuesday, local news outlet News1 reported that the Seoul Southern District Court ruled Jang did not intend to influence crypto market prices using deceptive means. This ruling cleared him of violating the country’s capital market laws, marking a significant legal win for Jang, who now works at blockchain gaming company Nexus. Prosecutors alleged that Jang had falsely announced a halt in liquidation for WEMIX tokens to stabilize…
Following the recent passage of legislation to regulate virtual assets, including cryptocurrency, Nauru’s government has appointed Australian banking and financial markets executive Brian Phelps as the inaugural CEO of the Command Ridge Virtual Asset Authority (CRVAA). President David Adeang highlighted Phelps’ extensive experience in the industry, emphasizing that his leadership will establish a foundation of […] Source CryptoX Portal
Simon Gerovich, CEO of Tokyo-based Metaplanet, is part of a consortium that is negotiating to acquire a controlling stake in SGA, a publicly traded software services company listed on South Korea’s KOSDAQ. The deal, if finalized, would position SGA to acquire Bitcoin as part of a broader digital asset strategy. While Gerovich is listed as an independent investor — not acting on behalf of Metaplanet — the move aligns with the company’s growing Bitcoin treasury strategy. According to a press release from Top Win International, (SORA on the Nasdaq stock…