“Adding support for the Aptos blockchain inside our crypto products broadens consumer and merchant access to more efficient global fund flows with stablecoins, whether it be a retailer accepting payments from around the world, or a platform paying creators no matter where they are” John Egan, head of crypto at Stripe, said in a statement. Source
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month to incentivize traders that swap into USDS and deploy it, said Rooter, the pseudonymous leader of borrow and lend protocol Save, which is handing out 400,000 worth of USDS a month to suppliers of the new stablecoin. Source
Rebeca Moen Nov 20, 2024 14:36 First Digital introduces its stablecoin, FDUSD, as a native token on the Sui blockchain, expanding DeFi options and showcasing institutional confidence in Sui’s growing ecosystem. First Digital has expanded its stablecoin offerings by launching the FDUSD stablecoin as a native token on the Sui blockchain. This development provides decentralized finance (DeFi) users with an additional option, further enhancing the ecosystem’s diversity, according to Sui Foundation. FDUSD Joins Sui’s Stablecoin Roster FDUSD joins a growing list of…
“Upon completion of the acquisition, Paxos will be a fully licensed EMI in Finland and the EU,” the company said Tuesday. “Paxos intends to make its portfolio of assets and tokenization solutions compliant with Markets in Crypto Asset (MiCA) regulations.” Source
PRESS RELEASE. São Paulo, November 18, 2024 – Mercado Bitcoin (MB), the largest digital asset platform in Latin America, announces the launch of MBRL stablecoin on the TRON blockchain. The MBRL stablecoin presents an innovative means of payment that combines the trust and stability of Brazilian fiat currency with the utility and ease of tokenization. […] Source CryptoX Portal
Regulatory uncertainty around yield-bearing stablecoins has allowed regulated tokenized yield-bearing instruments like money market funds to steal thunder, says Aaron Kaplan is the co-CEO of Prometheum. Source
Stablecoins, which are cryptocurrencies with their price anchored to government-issued currencies, are increasingly popular for payments across the globe, offering a more efficient and cheaper way to move money. As countries roll out regulations for the asset class, more banks are getting interested in issuing their own stablecoin. Spanish bank BBVA, for example, said it plans to issue a stablecoin on Ethereum next year using payment firm Visa’s tokenization platform. Source
“With Hong Kong on the cusp of announcing new stablecoin regulations allowing digital currencies on public blockchains, the introduction of this KYC solution trial gives Mainland Chinese residents their first opportunity to legally hold public chain wallets and transact with stablecoins, such as HKDA, a fiat-referenced Hong Kong Dollar stablecoin issued by IDA. This project signals a possible first step in aligning with China’s long-term approach to integrating blockchain technology,” the companies said in a statement. Source
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how the Central Bank of Brazil has proposed a tax on the use of stablecoins for making remittances and how this might drive retail users away from regulated exchanges. Latam […] Source BitcoincryptoexchangeExchanges CryptoX Portal
The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital and Nuvei. Source