U.S. Lawmakers Set to Examine Future of US Stablecoins
In the United States, hearings are due to take place this week, according to the results of which local legislators will decide on the future of stablecoins.
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Mastercard Integrates With a Stablecoin Digital Wallet
Mastercard collaborated with the Australian stablecoin platform Stables to allow retail customers in the APAC region to spend their stablecoins
Swiss Bankers Association Considers Joint Deposit Token
The Swiss Bankers Association released a white paper suggesting the digitalisation of the Swiss financial system requires a Swiss franc joint deposit token
NAB Completes Cross-Border Multicurrrency Stablecoin Pilot
The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.
Circle Finds New Banking Partner After SVB Failure
The stablecoin issuer Circle, affected by the recent closures of crypto-friendly SVB and Signature Bank, has found a new banking partner recognised for its services to Visa and Coinbase
Binance to Convert Recovery Funds From BUSD to ‘Native Crypto’
Reacting to the sudden collapse of the most crypto-friendly US banks, Binance CEO and co-founder Changpeng (CZ) Zhao reconsidered the firm’s recovery funds, aiming to change them into native crypto
Bybit Rolls Out Crypto-To-Fiat Debit Card
Crypto exchange Bybit has launched the first phase of the rollout of Mastercard crypto-to-fiat debit card, which supports a number of blue-chip cryptocurrencies
Mastercard Partners Immersve to Support Web3 Payments
Mastercard partnered Web3 payment protocol Immersve to enable users to conduct Web3 crypto payments via USDC token settlements
Crypto Outflows Surge Amid SEC Crackdown
Institutional investors are massively withdrawing crypto funds as the SEC targets more and more aspects of the crypto industry in the US, making it harder for crypto trading platforms to provide custody, minting and staking services
New York Regulators Crackdown on Binance
The company’s complaints to the New York regulator were followed by Paxos being ordered to cease minting Binance BUSD stablecoin.
PayPal Pauses Stablecoin Project
PayPal temporarily stops the implementation of the stablecoin project.
Binance-Pegged BUSD Integrates on Ethereum’s Optimism Network
Binance opens deposits and withdrawals for Binance-pegged BUSD on the Optimism Network.
Cardano Launched ADA-Backed Stablecoin
ADA-backed stablecoin ‘Djed’ launched on Cardano blockchain.
GBPT Stablecoin Integrates into 18,000 ATMs in UK
Thousands of crypto ATMs in the United Kingdom now allow customers to withdraw cash for GBPT, a stablecoin backed by British pound
Moody’s Preps Stablecoin Scoring System
Moody’s is developing a system for evaluating up to 20 stablecoins.
Saudi Arabia Central Bank Launches CBDC Experiment
Saudi Central Bank continues CBDC experimentations, currently focusing on domestic wholesale of CBDC in collaboration with local banks and fintechs.
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