Tag: Stablecoin

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Retail Titans Amazon and Walmart Reportedly Weigh Stablecoin Options

As enthusiasm for stablecoins keeps gaining traction among big corporations, sources say retail titan Walmart and e-commerce powerhouse Amazon are actively exploring the possibility of launching their own digital dollar-pegged tokens. Wall Street Journal Sources Say Amazon, Walmart May Step Into Stablecoin Market As of press time, the combined value of all circulating stablecoins has […] Source CryptoX Portal

US Senate To Vote On Amended Stablecoin Bill On June 17

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Lawmakers in the US Senate are scheduled to consider a vote on the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, after a majority chose to invoke cloture for the bill. According to a Thursday notice from Senate Democrats, the full chamber will vote on the GENIUS Act on Tuesday, June 17. The floor vote will follow senators proposing a variety of amendments to the bill, including one to address elected officials and their families potentially profiting through connections to the crypto industry. “The Senate will vote…

Amazon and Walmart Plotting Stablecoin Issuance Moves: Report

Key Notes American multinationals Amazon and Walmart are considering issuing their USD-pegged stablecoins. Taking this route may strain the traditional financial system that relies on these firms. This development signals an increase in mainstream adoption of stablecoins. . The era of stablecoins has successfully reached the doorsteps of top merchandise platforms Amazon.com Inc (NASDAQ: AMZN)  and Walmart Inc (NYSE: WMT). According to the Wall Street Journal (WSJ), both firms are considering the possibility of issuing stablecoins backed by the United States dollar. Handing Liquidity from TradFi to DeFi With Stablecoins With…

Maple Finance Rolls Out stETH-Backed Stablecoin Lending for Institutions

Maple Finance has added stETH as collateral for institutional stablecoin lending, allowing institutions to tap liquidity without forfeiting staking rewards, another sign of DeFi’s growing role in institutional treasury management. New Institutional Stablecoin Lending Program to Boost stETH Utility Maple Finance, a leading on-chain capital markets platform, has expanded its institutional offerings by enabling stablecoin […] Source CryptoX Portal

Circle’s USDC Stablecoin Debuts on Ripple’s XRPL

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Circle’s USDC stablecoin (USDC) launched on the XRP Ledger (XRPL) on Thursday, bringing the overcollateralized dollar-pegged token to users of the layer-1 blockchain network. According to an announcement from Ripple, the launch of USDC on the platform will enable investors to use XRP as a bridge currency to transfer their stablecoins between decentralized exchanges (DEXs) through an auto-bridging feature. Markus Infanger, the senior vice president of RippleX added: “Stablecoins are key entry points connecting traditional financial markets with the crypto space — essential for use cases focused on utility rather…

Report: Jack Ma’s Ant Group Plots Global Stablecoin Power Grab

Jack Ma–backed Ant Group is said to be pursuing stablecoin licenses across multiple jurisdictions, including Singapore, according to a recent report by Bloomberg’s Lulu Yilun Chen. Ant Group’s Global Stablecoin Strategy Leaks As regulatory frameworks evolve at breakneck speed, traditional finance (TradFi) powerhouses are increasingly turning their attention to the expanding stablecoin arena. A recent […] Source CryptoX Portal

Jack Ma’s Ant Group Seeks Stablecoin License in Hong Kong, Singapore

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Ant International reportedly plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, signaling growing institutional cryptocurrency adoption among fintech firms. Ant International, a Singapore-based unit of the Jack Ma-backed Ant Group, is preparing to submit a license application in Hong Kong after the city’s stablecoin regulatory framework takes effect in August, according to a Bloomberg report citing unidentified sources. The company is expected to pursue similar licensing efforts in Singapore and Luxembourg. Ant Group is an affiliate of the Chinese conglomerate Alibaba Group, which owns and operates…

Global Stablecoin Grab: U.S. Bancorp vs Ant Group

Key Notes Ant Group plans to apply for stablecoin licenses in Hong Kong and Singapore. U.S.Bancorp is weighing the launch of a stablecoin amid a pro-crypto policy shift. A Coinbase report suggests that corporate interest in stablecoins has tripled. The global race to dominate the stablecoin space is heating up, with Ant Group’s international unit preparing to apply for stablecoin licenses in Hong Kong and Singapore. As per a recent report by Bloomberg, Ant International, the Singapore-based arm of Ant Group, plans to apply for a stablecoin issuer’s license in…

TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin

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Tron’s blockchain just added a USD1 stablecoin from World Liberty Financial Inc. That move put the spotlight back on TRX. And traders are paying attention to what comes next. Significant Price Movement According to trading data, TRX climbed 6% on Tuesday. It broke above the $0.2875 level on the daily chart before hitting resistance at $0.2980. A clean break past that hurdle could send the token toward $0.3230, the 50% Fibonacci retracement level. Currently, TRX trades around $0.2920, sitting between support at $0.2808 and the 23.6% Fib mark of $0.2645.…