BlackRock’s BUIDL Tokenized Fund Gets USDC Transfer Functionality
With the new smart contract, holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) can now transfer their shares to Circle for USDC.
Stablecoin
South Africa to Start to Work on Stablecoin Regime
South Africa’s Intergovernmental Fintech Working Group will conduct analytical research on the use cases of stablecoins and will pay attention to the consideration of appropriate policy measures and regulation of the digital currency during 2024.
New Zealand Central Bank Head Says About Instability of Stablecoins
The Governor of the Reserve Bank of New Zealand, Adrian Orr, expressed concern about digital currencies, calling them oxymorons and the biggest misnomers.
PayPal Funds Crypto Payment Startup Mesh With PYUSD Stablecoin
PayPal has invested in Mesh, a crypto-friendly embedded finance solution, almost completely funding the investment with PayPal USD (PYUSD) – Ethereum-based stablecoin.
Central Bank of Nigeria Launches Naira-Pegged Stablecoin Pilot
The Central Bank of Nigeria (CBN) approves the Africa Stablecoin Consortium (ASC) to pilot cNGN (a stablecoin pegged to the value of Nigerian Naira) in its innovative Regulatory Sandbox.
Hong Kong Proposes New Regulatory Regime for Stablecoin Issuers
In Hong Kong, local financial authorities have proposed to develop and implement new regulatory rules for issuers of stablecoins, which can be described as a reaction to ongoing changes in the sphere of virtual assets.
Yellow Card Introduces PayPalUSD Stablecoin First in Africa
Yellow Card fintech has launched PayPalUSD paving new ways for digital financial transactions between Africa and the United States.
Crypto Grows in Africa and MENA as Shield Against Inflation
Bitcoin remains the most dominant cryptocurrency in Sub-Saharan Africa, while rising inflation makes Turkey the fourth country worldwide in raw crypto transaction volume rating.
Grab Launches Web3 Experiences Powered by Circle
South-East Asian super-app Grab has enhanced its services with a Web3 offering supported by the USDC issuer Circle
G20 Countries Call for Rapid Adoption of Global Cryptocurrency Rules
The heads of the G20 countries called for measures to be taken and intensive work to implement global rules in the area of cryptocurrencies as soon as possible.
Central Bank of Colombia Backs Partial Restrictions on Use of CBDC
Last week, the central bank of Colombia released a report suggesting that limiting CBDC with a high degree of probability may be the right strategy for a financial institution.
PayPal Launches New Crypto Feature: Select Users Are Soon to Test Cryptocurrencies Hub
To be eligible for the new Cryptocurrencies Hub, a PayPal user must have “a personal PayPal account and a Balance Account in good standing”
Crypto Company Circle to Expand Its Product Line
The Circle Internet Financial crypto company hopes that its $1 billion cash reserve will allow it to withstand the process of competition from so-called non-crypto firms like PayPal Holdings.
Japanese Fintech Soramitsu to Develop Asian Cross-Border Payments System Using CBDCs and Stablecoins
Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries
Curve Finance Exploit Brings Losses of $47M
Hackers were able to steal over $47 million from several stable pools at Curve Finance – an exchange liquidity pool on Ethereum
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