Search results for: #Stablecoin

News | 5 hours ago
< 1 minutes read
Binance to Delist Stablecoins in Europe

To comply with the new European MiCA legislation, which will come into force in the summer of 2024, crypto exchange Binance plans to delist stablecoins on the European market. Marina…

Author: CoinsPaid Media Editor
News | 1 week ago
< 1 minutes read
USDC and DAI Named Most Unstable Stablecoins

According to a recent study, stablecoins USDC by Circle and DAI by MakerDAO have fallen below $1 more often than other stablecoins over the past few years. A report from…

Author: CoinsPaid Media Editor
News | 1 month ago
2 minutes read
Singapore Develops Regulatory Framework for Stablecoins

The Monetary Authority of Singapore (MAS) developed a new regulatory framework for stablecoins linked to the Singapore dollar or other G10 currencies. The new rules for issuers of such coins…

Author: CoinsPaid Media Editor
News | 1 month ago
2 minutes read
Cross-Border Payment System Based on Stablecoins and CBDCs to Emerge in Asia

Japanese FinTech company Soramitsu is exploring options for using central bank digital currencies (CBDC) and stablecoins in a cross-border payment system project for Asian countries. The cross-border blockchain payment system…

Author: CoinsPaid Media Editor
News | 2 months ago
3 minutes read
PayPal Launches PYUSD Stablecoin, Provoking Controversy and Activating Scammers

Payment system PayPal announced the launch of the PayPal USD (PYUSD) stablecoin. Within a day, the news led to the emergence of approximately 30 copycat tokens, with the trading volume…

Author: CoinsPaid Media Editor
News | 2 months ago
< 1 minutes read
Palau Launches Dollar-Backed Stablecoin for Local Use

The government of Palau started minting Palau Stablecoins (PSC) backed by the U.S. dollar. The new coin is issued on the XRP Ledger blockchain. The stablecoin will be distributed to…

Author: CoinsPaid Media Editor
News | 2 months ago
< 1 minutes read
South Korean Banks Consider Tokenized Deposits as Alternative to Stablecoins

Several private banks in South Korea are exploring the potential of tokenized deposit technology as an alternative to private stablecoins. Researchers are also interested in their interoperability with central bank…

Author: CoinsPaid Media Editor
News | 2 months ago
< 1 minutes read
Several Asian Banks Tested Remittances in Stablecoins

Shinhan Bank and several other major financial institutions successfully tested stablecoins for cross-border money transfers.  Shinhan Bank, the oldest bank in Korea, tested cross-border settlements in national currencies using stablecoins….

Author: CoinsPaid Media Editor
News | 3 months ago
2 minutes read
Italy and India Call for Global Regulation of the Stablecoin Market

Central banks in Italy and India have expressed concerns about stablecoins and called for a strict regulatory framework for the asset class. The Reserve Bank of India (RBI) provided a…

Author: CoinsPaid Media Editor
News | 4 months ago
2 minutes read
Japan’s Leading Financial Group Launches Stablecoin Platform

Mitsubishi UFJ Financial Group (MUFG) is launching Progmat Coin, a platform that will allow Japanese banks to issue and maintain stablecoins.  Financial holding company MUFG, the largest bank in Japan…

Author: CoinsPaid Media Editor