Stablecoin - Tag Archives - Cryptonews (Page 13)

Cloudflare and Coinbase Launch x402 Foundation for Machine-to-Machine Web Payments – Here’s How it Impacts You

Cloudflare and Coinbase are launching the x402 Foundation to establish a universal standard for AI-driven payments, enabling machines to pay for web resources without human intervention automatically. The protocol converts the HTTP "402 Payment Required" error code into a functional payment...

, by Anas Hassan

US CFTC Launches Stablecoin Collateral Plan For Derivatives Markets

The U.S. Commodity Futures Trading Commission (CFTC) has unveiled an initiative, letting stablecoins serve as tokenised collateral in derivatives markets. CFTC acting chair Caroline Pham announced Tuesday that the agency will “work closely with stakeholders” on the directive. She called it the...

, by Sujha Sundararajan

Societe Generale-FORGE Partners with Bullish Europe to List MiCA-Licensed Stablecoin

Societe Generale-FORGE, the digital asset-focused subsidiary of Societe Generale Group, has partnered with Bullish Europe GmbH, a BaFin-regulated provider of digital asset trading and custody services, to launch the USD CoinVertible (USDCV). The new product becomes the first U.S. dollar-pegged...

, by Tanzeel Akhtar

JPMorgan CEO Dimon Sees Inflation Blocking Fed Cuts, Says Stablecoins Pose No Bank Threat

JPMorgan CEO Jamie Dimon warned that persistent inflation may prevent further Federal Reserve (Fed) rate cuts, contradicting market expectations for aggressive monetary easing through 2025. Speaking at the JP Morgan India Investor Conference, Dimon expressed skepticism about the Fed's ability...

, by Anas Hassan

Latin America’s Largest Digital Bank Nubank Eyes Dollar-Pegged Stablecoins

Nubank, the biggest digital bank in Latin America, to integrate stablecoins into its ecosystem, starting with credit card transactions.

, by Amin Ayan

Elizabeth Warren Steps Up Attacks on Binance and Donald Trump

Senator Elizabeth Warren is a prominent crypto skeptic — and now, she's stepping up her attacks on the world's biggest exchange. The Democrat's issue with Binance relates to a high-profile plea agreement that was reached in November 2023, when the company pleaded guilty to violating the Bank...

, by Connor Sephton

PayPal USD Goes Live on Stellar, Expanding Access to Stablecoin Payments

PayPal USD (PYUSD), the fully regulated U.S. dollar-backed stablecoin, is now live on the Stellar network, announced on Thursday. The launch marks a milestone for both PayPal and Stellar, extending PYUSD’s reach into new wallets, platforms, and business use cases across global...

, by Tanzeel Akhtar

Australia’s ASIC Grants Relief for Stablecoin Intermediaries, Eases AFS License Requirements

The Australian Securities and Investments Commission (ASIC) granted class relief for intermediaries distributing stablecoin issued by licensed Australian Financial Services (AFS) providers, exempting them from separate licensing requirements until June 2028. According to the press release, the...

, by Anas Hassan

South Korean Custodian BDACS Launches First Fiat-Backed Won Stablecoin on AVAX

BDACS, a South Korean digital asset custodian, has officially launched the first Korean won–backed stablecoin on the Avalanche blockchain. Dubbed KRW1, the stablecoin is fully collateralized with Korean won deposits held at Woori Bank, AVAX reported on Thursday. “Every KRW1 is backed 1:1 with...

, by Sujha Sundararajan

Korea Exchange Affiliate KOSCOM Applies for Stablecoin Trademarks

Korea Exchange’s IT infrastructure providing affiliate KOSCOM has applied for five stablecoin-related trademarks, in addition to reorganizing its crypto and digital assets departments. The South Korean media outlet Seoul Finance reported that the firm has registered trademarks for the KSDC,...

, by Tim Alper

USDH Power Struggle Ignites Stablecoin “Bidding Wars” Across DeFi: Bloomberg

A heated contest for control over a new dollar-pegged token has set the stage for what analysts say could define the next phase of the stablecoin industry. According to Bloomberg, a bidding war unfolded on Hyperliquid, one of crypto’s fastest-growing trading platforms, with the prize being the...

, by Hassan Shittu

Breaking: UK and US Forge Crypto Alliance – Stablecoins Now in the Spotlight

The UK and the United States are preparing to announce closer cooperation on digital assets, with stablecoins expected to take center stage. The move follows a meeting on Tuesday between Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent, according to the Financial...

, by Hassan Shittu

Investors Brace for Fed Pivot as BTC & ETH Outflows Contrast Stablecoin Surge: CryptoQuant

Crypto markets are closely watching the U.S. Federal Reserve as speculation grows about a potential interest rate cut, reports CryptoQuant. On-chain data from CryptoQuant this week paints a mixed picture of investor sentiment, with liquidity signs diverging across major assets. While...

, by Tanzeel Akhtar

Google Adds Stablecoin Support to New AI Payment System, Partners with Coinbase and Ethereum

Google announced Tuesday that it has added stablecoin support to its new payment framework, designed to allow seamless transactions between AI applications. According to a September 16 Fortune report, Google's new AI payment protocol supports both stablecoins and conventional payment methods,...

, by Anas Hassan

USDC Issuer Circle Takes Stake in Hyperliquid with First HYPE Token Investments

Circle, the issuer of USDC, has expanded its presence in decentralized finance by investing directly in Hyperliquid’s ecosystem, marking its first stake in HYPE tokens. The move comes alongside the official launch of native USDC and the Cross-Chain Transfer Protocol (CCTP) V2 on Hyperliquid,...

, by Hassan Shittu

Coinbase Defends Stablecoins Against Banking Threat Claims, Says ‘Math Doesn’t Add Up’

Coinbase published a comprehensive defense against banking industry claims that stablecoins threaten traditional financial stability, arguing the "deposit erosion" narrative is a “myth” designed to protect banks' $187 billion annual payment processing monopoly. The exchange released research...

, by Anas Hassan

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