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…
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…
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…
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…
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…
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…
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…
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….
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…
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…