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Ripple USD just took a giant leap toward mainstream financial dominance, with institutional backing and regulatory clarity setting the stage for explosive global adoption. RLUSD Highlights Regulatory Trust in Global Finance Evolution Stablecoins are gaining ground as trusted financial instruments, with major custodial partnerships pointing to a broader institutional shift in how digital assets are … Read more
Ripple has stated that this partnership with BNY aims to address a critical gap in the current enterprise-focused stablecoin market. This move allows Ripple to utilize BNY’s services to support its operations while positioning BNY as its primary custodian. Ripple USD Funds to Be Held Under BNY Custody Ripple, one of the largest companies in … Read more
Circle and OKX have partnered to streamline USDC conversions and improve liquidity, giving over 60 million users seamless access to USD-to-USDC swaps and simplifying on- and off-ramping. USDC Goes Global: Circle and OKX Simplify Fiat Conversions for 60 Million Users Circle Internet Group (NYSE: CRCL) and crypto exchange, OKX, have announced a strategic partnership to … Read more
A Chinese task force has issued a warning to Shenzhen residents about fraudulent investment schemes targeting stablecoins. Growing Stablecoin Popularity A Chinese task force created to combat illicit financial activities has warned Shenzhen residents to be wary of fraudulent investment projects preying on the public’s limited understanding of stablecoins. In an alert issued July 7, … Read more
Lagarde stated that the rise of stablecoin adoption has introduced other risks, as it weakens sovereignty and reduces the ability to conduct monetary policy. She emphasized that, as they currently stand, stablecoins should not be treated as money. ECB President Christine Lagarde Warns About the Dangers of Stablecoin Adoption The rise in stablecoin adoption is … Read more
Europe’s largest asset manager is sounding alarms as U.S.-regulated stablecoins surge, threatening to erode dollar dominance and destabilize global money flows at massive scale. US Dollar’s Global Role Challenged by Surge in Regulated Stablecoins A sweeping shift in global financial dynamics could be triggered by the U.S. push to regulate dollar-backed stablecoins, prompting fears of … Read more
Although bitcoin has seen its fair share of price swings this week, the stablecoin market has quietly ballooned by $2.114 billion—edging ever closer to the $260 billion milestone. USDT Leads the Charge as Stablecoins Creep Toward $260B Summit Over the last seven days, the stablecoin market has climbed 0.84%, ticking up from $253.25 billion to … Read more
Rostec announced that it will promote this stablecoin and an associated payment platform as a secure method for conducting transactions, approved by the Russian Central Bank. The payment system will integrate with the Russian banking infrastructure, while the stablecoin will be launched on the Tron blockchain. Russian Defense Company Rostec to Leverage Ruble Stablecoin to … Read more
Chinese tech giants are urging the central bank to grant them permission to issue yuan-backed stablecoins in a bid to challenge the growing dominance of dollar-based stablecoins. Countering Dollarization of the Digital Economy Chinese tech giants JD.com and Ant Group are reportedly urging the central bank to permit them to issue yuan-backed stablecoins to counter … Read more
New York Attorney General Letitia James is warning that dangerously flawed stablecoin bills could expose U.S. financial markets to chaos by lacking critical guardrails and enforcement. Weak Stablecoin Bills Risk Undermining US Financial Stability, James Warns New York Attorney General Letitia James has raised concerns that proposed federal legislation on stablecoins lacks the safeguards needed … Read more