Source: Cointelegraph Custodia Bank said it partnered with Vantage Bank to tokenize US dollar demand deposits and issue them on Ethereum. The crypto-friendly Custodia Bank has worked with Vantage Bank to complete what the two firms say is “America’s first-ever bank-issued stablecoin” on a permissionless blockchain. Custodia said on March 25 that it tokenized US… Continue reading Custodia and Vantage Bank Partner for ‘First Bank-Issued Stablecoin’
Tag: Stablecoin
Trump Family Venture Plunges Deeper Into Crypto With New ‘Stablecoin’
Source: MSN The Trump family’s World Liberty Financial is launching a stablecoin, its latest bid to capitalize on a crypto-market revival kindled by the president’s election. World Liberty’s USD1 will be backed by short-term U.S. Treasurys, U.S. dollar deposits, and other cash equivalents, the company said Tuesday. The token will be issued on the Ethereum… Continue reading Trump Family Venture Plunges Deeper Into Crypto With New ‘Stablecoin’
Dubai Recognizes USDC, EURC as First Stablecoins Under Token Regime
Source: Cointelegraph The Dubai Financial Services Authority has recognized the first stablecoins under its crypto token regime: USDC and EURC. The Dubai Financial Services Authority (DFSA) has officially approved Circle’s stablecoins USD Coin and EURC (EURC) as recognized tokens under the authority’s crypto regime — the first stablecoins approved under the regime. Due to this… Continue reading Dubai Recognizes USDC, EURC as First Stablecoins Under Token Regime
BlackRock CEO Wants SEC to ‘Rapidly Approve’ Tokenization of Bonds, Stocks: What It Means for Crypto
Source: Cointelegraph BlackRock CEO Larry Fink said he’s “a huge believer in crypto” and urged the SEC to “rapidly approve” asset tokenization. Is this a net positive for the crypto sector? Larry Fink, CEO of the world’s largest fund manager BlackRock, has expressed his hope that the US Securities and Exchange Commission (SEC) will swiftly… Continue reading BlackRock CEO Wants SEC to ‘Rapidly Approve’ Tokenization of Bonds, Stocks: What It Means for Crypto
Hong Kong Stablecoins Bill Advances to the Legislative Council
Source: Cointelegraph The bill includes licensing requirements for stablecoin issuers, offering and marketing restrictions and broader consumer protections. Hong Kong’s proposed Stablecoins Bill has entered the Legislative Council, moving the region closer to forming a comprehensive regulatory regime for stablecoins. On Dec. 6, the Hong Kong government published the bill in the special administrative region’s… Continue reading Hong Kong Stablecoins Bill Advances to the Legislative Council
PayPal’s Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana
Source: CoinDesk The payments company’s stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain and DeFi reward programs reignited the token’s growth. PayPal’s PYUSD reached $1 billion in supply, per CoinMarketCap data. The stablecoin benefited from its expansion to the bustling Solana ecosystem, with… Continue reading PayPal’s Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana
Tether plans to launch dirham stablecoin with UAE partners
Source: Cointelegraph Tether teams up with the UAE’s Phoenix Group and Green Acorn Investments to launch a dirham-backed stablecoin, which aims to improve international trade and remittances. Tether, the largest stablecoin provider in the digital asset industry, has announced plans to launch a new stablecoin pegged to the United Arab Emirates dirham (AED). According to… Continue reading Tether plans to launch dirham stablecoin with UAE partners
Animoca, Standard Chartered team up in HKMA stablecoin sandbox
Source: Cointelegraph The Hong Kong Monetary Authority has selected three parties for assessment in its stablecoin issuers sandbox. A day after winding up the consultation period on stablecoin issuer regulations, the Hong Kong Monetary Authority (HKMA) announced the first participants in its stablecoin issuer sandbox. They are a company linked to a large Chinese e-commerce… Continue reading Animoca, Standard Chartered team up in HKMA stablecoin sandbox
RWA platform Swarm Markets to offer tokenized gold via NFTs as MiCA stablecoin rules begin
Source: The Block The German real-world asset (RWA) tokenization platform Swarm Markets will let users buy NFTs, which represent gold ownership. After passing KYC and AML checks, users will be able to swap the NFTs on a peer-to-peer basis via Swarm’s decentralized platform. With a little more than one week before the EU’s Markets in… Continue reading RWA platform Swarm Markets to offer tokenized gold via NFTs as MiCA stablecoin rules begin
Tether Debuts New ‘Synthetic’ Dollar Backed by Tokenized Gold in Tokenization Push
Source: CoinDesk Users can mint new tokens using the company’s new Alloy platform, which will be part of Tether’s upcoming tokenization venture, CEO Paolo Ardoino said. Tether, the company behind the $110 billion stablecoin (USDT), debuted Monday a new token minting platform called Alloy on the Ethereum network that lets users create tokens collateralized by… Continue reading Tether Debuts New ‘Synthetic’ Dollar Backed by Tokenized Gold in Tokenization Push
