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Jack Ma–backed Ant Group is said to be pursuing stablecoin licenses across multiple jurisdictions, including Singapore, according to a recent report by Bloomberg’s Lulu Yilun Chen. Ant Group’s Global Stablecoin Strategy Leaks As regulatory frameworks evolve at breakneck speed, traditional finance (TradFi) powerhouses are increasingly turning their attention to the expanding stablecoin arena. A recent … Read more
Circle has announced the launch of its USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) V2 on World Chain. This development allows the nearly two million users who previously held bridged USDC in their World App wallets to upgrade to native USDC issued directly by Circle, ensuring that their holdings are now fully backed by liquid … Read more
At a Morgan Stanley event in New York, Bank of America CEO Brian Moynihan revealed that the banking heavyweight is “working with the industry” on launching a stablecoin. Bank of America Boss Warns: Miss the Stablecoin Shift, and Competitors Will Feast Bank of America chief Brian Moynihan once again brought up the topic of stablecoins … Read more
Stablecoin-focused fintech Noah has raised $22 million in seed funding to advance its API platform for seamless, real-time cross-border crypto payments. Adyen Veteran Joins Stablecoin Startup Noah as $22 Million Seed Round Closes Stablecoin payments startup Noah has secured $22 million in seed funding to expand its crypto-powered cross-border payment solutions. According to the report … Read more
The UK Financial Conduct Authority (FCA) has appointed Sarah Pritchard as its new Deputy Chief Executive, a role created to reflect the organization’s expanding responsibilities, including the integration of the Payment Systems Regulator and the regulation of stablecoin and crypto firms. Since joining the FCA in June 2021, Pritchard has led the supervision, policy, and … Read more
Societe Generale Group’s crypto asset-focused subsidiary is set to launch a new stablecoin called USD Coinvertible (USDCV) on Ethereum and Solana. 24/7 Conversion Offered for Fiat, Stablecoins Societe Generale-FORGE (SG-FORGE), the crypto asset-focused subsidiary of Societe Generale Group, is set to launch a new stablecoin on Ethereum and Solana. Known as USD Coinvertible (USDCV), the … Read more
The SBI Group has announced a significant investment in Circle, with its subsidiaries SBI Holdings and SBI Shinsei Bank each contributing $25 million, totaling $50 million. Circle Stock ‘Too Hot’ for Some Investors The SBI Group announced it has secured one of the largest allocations of Circle shares, with two of its subsidiaries investing a … Read more
Chainlink’s blockchain protocol facilitated a simulated exchange between Hong Kong’s prototype central bank digital currency (CBDC) and an Australian dollar stablecoin in Phase 2 of the e-HKD+ Pilot Programme. Chainlink Enables Direct e-HKD to Australian Stablecoin Exchange in Test The Hong Kong Monetary Authority (HKMA) initiative involves Visa, ANZ, Fidelity International, and ChinaAMC Hong Kong … Read more
The stablecoin sector has officially vaulted beyond the $250 billion milestone, according to data from defillama.com. Over the past week alone, an additional $2.51 billion has poured into the swelling ecosystem of fiat-pegged digital tokens. Stablecoins Cross $250B for the First Time Ever—What’s Next? For the first time ever, the stablecoin market has cracked the … Read more
Tether CEO Paolo Ardoino responded positively to an analyst’s $515 billion valuation of the stablecoin issuer, calling it “a beautiful number,” but ruled out the company going public. Ardoino: Valuation ‘A Bit Bearish’ Tether CEO Paolo Ardoino has described an analyst’s $515 billion valuation of the stablecoin issuer as “a beautiful number.” He also suggested … Read more