Tag: Stablecoin

JPMorgan, Citi Weigh Stablecoin Entry as TradFi Interest Rises

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JPMorgan Chase, the largest bank in the United States with $3.6 trillion in assets, has plans to “to be involved in […] stablecoins,” CEO Jamie Dimon said on Tuesday during an earnings conference call. According to Dimon, JPMorgan’s move into the stablecoin space is partly driven by competition from fintech companies, which are increasingly trying to replicate features of the traditional financial system. “We’re going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it,” Dimon said. “I think they’re real, but…

I Got Paid 5 Bitcoins for Writing in 2011!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “Ready for the wild story of Vitalik Buterin? Back in 2011, this 17-year-old was flat broke, scribbling articles for a blog to earn 5 Bitcoin a pop—barely $4 back then! No fancy PC for mining, no cash to buy crypto, just a kid diving into Bitcoin forums and writing to get by. That spark of curiosity? It led him to co-found Bitcoin Magazine and, later, build Ethereum, changing the crypto game forever. Check out how a teen’s side hustle became a billion-dollar…

Core introduces first Revenue-Sharing Model for Devs, Stablecoin Issuers

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The Core Foundation, the organization behind the Core blockchain, is launching a new revenue-sharing mechanism for the Web3 industry intended to shake up how stablecoin issuers and developers raise funds. Rev+ claims to be the first protocol-level program that directly rewards developers, stablecoin issuers and decentralized autonomous organizations (DAOs) based on their created user value. Once launched, it will allow projects to earn revenue from user-generated gas fees on their blockchain applications. It could provide a sustainable revenue stream for developers, who were previously forced to launch cryptocurrencies to raise…

Ripple Labs Mulls RLUSD Stablecoin Expansion to Europe

Key Notes Ripple has decided to push its USD-pegged stablecoin RLUSD into the European market. The firm initially expanded into Europe by establishing Ripple Payments Europe SA in Luxembourg. Ripple has officially applied for a US national banking license with the Office of the Comptroller of the Currency. San Francisco-based blockchain payments firm Ripple Labs Inc has decided to push its USD-pegged stablecoin RLUSD into the European market. It is focused explicitly on entering the region through Luxembourg under the almost seven-month-old Market in Crypto Assets (MiCA) regulation. This move…

🚨HISTORIC! SENATE PASSES STABLECOIN LEGISLATION BILL! JPMORGAN LAUNCHES TOKEN ON COINBASE’S BASE!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto News: Senate passes the stablecoin legislation bill the GENIUS Act. JPMorgan launches a deposit token on Base, Coinbase’s Ethereum Layer 2. Show Sponsor – 🔐 Safely Store your Crypto with Trezor Hardware Wallets – 💡Get the (Re)Thinking Crypto Book on Amazon – 🖥️ Learn Crypto with Expert Commentary – Sponsors: 🌟Uphold – Signup with Uphold. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. 🏠 Propy (PRO) is a blockchain-based real estate marketplace and decentralized title registry that leverages…

US Crypto Week kicks off with ‘Dictator’ stablecoin amendment on the table

The House of Representatives is set to vote on three crypto-related pieces of legislation before Congress goes on recess. The US House of Representatives is scheduled to consider amendments to three crypto-related bills this week addressing central bank digital currencies (CBDCs), digital asset market structure and payment stablecoins. On Monday, the Republican-led House Committee on Rules will meet to discuss the Anti-CBDC Surveillance State Act, the Digital Asset Market Clarity (CLARITY) Act and the Guiding and Establishing National Innovation for US Stablecoins Act,…

OKX Joins Global Dollar Network to Support Paxos’ USDG Stablecoin

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Crypto exchange OKX has joined the Global Dollar Network, a consortium promoting Paxos’ relatively smaller USDG stablecoin, in a move the exchange says could help accelerate adoption of a regulated US dollar-backed stablecoin.  By joining the network, OKX’s 60 million global users will gain access to Global Dollar (USDG) for trading and transfers, the company announced Monday.  OKX already supports several major stablecoins, including market leaders Tether (USDT) and USDC (USDC). Adding USDG — a newer, smaller entrant — could broaden access to regulated digital dollars through a project designed…

Platform Poised to Gain From U.S. Stablecoin Regulation

Native token of decentralized finance (DeFi) lending platform Aave surged to its strongest price in several months on Monday The bluechip DeFi token topped $330 during the session before cooling off at $316, gaining 8% over the weekend. The rally came as the DeFi sector is heating up amid a broader crypto rally, with bitcoin conquering fresh records above $120,000. Aave is the dominant player in DeFi lending, and has just hit $50 billion in deposits on the protocol, a fresh record level. The platform also poised to be one…

Stablecoin Infrastructure Startup Zerohash Nears Unicorn Status With $100M Funding Round

Zerohash is reportedly nearing a $100 million funding round that could value the company at nearly $1 billion. Zerohash Nears Unicorn Status Zerohash, a crypto and stablecoin infrastructure startup, is reportedly close to raising approximately $100 million in a funding round that would value the company at nearly $1 billion. According to a report citing […] Source CryptoX Portal

CZ Retweets Claims Coinbase Behind Bloomberg’s Trump Stablecoin Report

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Binance co-founder and former CEO Changpeng “CZ” Zhao has reposted a tweet alleging that Coinbase was the “anonymous” source behind Bloomberg’s report targeting Trump’s crypto project, World Liberty Financial, and Binance. In a Sunday post on X, crypto commentator Matt Wallace claimed Coinbase executives feared a potential pardon for Zhao and Binance’s return to the US market would threaten their market share, prompting efforts to undermine competitors. “Binance is the world’s #1 crypto exchange,” Wallace wrote, warning that Binance’s return with full legal status could severely damage Coinbase’s business. “What…