Pakistan is considering launching a rupee-backed stablecoin, as experts warn that delays in regulating digital assets could cost the country up to $25 billion in lost economic opportunities.Speaking at the…
Financial services company Western Union has said its forthcoming stablecoin settlement system will use the Solana blockchain.Announced during the company’s third-quarter earnings call last week, the stablecoin system will consist…
EU to ban ruble-backed A7A5 stablecoin on Nov. 25 to block Russian crypto transaction routes. A7A5 linked to Promsvyazbank and Ilan Shor handled $68B in transactions before new sanctions. Ruble-backed…
Chinese technology giants, including Ant Group and JD.com, have reportedly suspended plans to issue stablecoins in Hong Kong after regulators in Beijing voiced concerns over privately controlled digital currencies.The companies…
WASHINGTON, D.C. — The crypto sector and some of the financial giants on Wall Street are sprinting to put stablecoin infrastructure in place well before the U.S. watchdogs set up…
Bridge, the stablecoin infrastructure company acquired by payments giant Stripe, applied for a national bank trust charter with the U.S. Office of the Comptroller of the Currency (OCC), co-founder Zach…
The European Union is reportedly considering sanctions against A7A5, a Russian ruble-backed stablecoin that’s the world’s largest non-US-dollar pegged stablecoin.The sanctions would prohibit EU-based organizations and individuals from engaging directly…
Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and…
Stablecoins, tokenized versions of fiat currencies that move on blockchain rails, will eventually force banks and other financial institutions to offer customers yields on their deposits to remain competitive, according…
SINGAPORE — Arf, a Swiss provider of short-term liquidity for cross-border payments, is set to join Circle Payments Network (CPN) in a move that will provide eligible users access to…
