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The financial technology company Ripple has selected The Bank of New York Mellon to oversee the reserves backing its US dollar stablecoin, as demand surges upwards.
Pepe, the third-largest stablecoin, is facing challenges in maintaining its value above critical moving averages amidst increased selling pressure.
This week, the cryptocurrency market witnessed a significant surge in prices, particularly for Bitcoin and Ethereum, driven by increased institutional interest, market speculation, and strategic partnerships across the sector.
Rostec is set to introduce RUBx, a stablecoin pegged to the Russian ruble, alongside RT-Pay, a new payment platform.
Japan's Minna Bank signs a deal with Solana and Fireblocks to research the implementation of stablecoins for real-world financial transactions.
The bank claims to be the first global financial institution to provide custody and trading services for Ripple's recently launched stablecoin.
Ripple has officially submitted an application for a national banking charter in the United States, aiming to place its RLUSD stablecoin under federal regulation. This move may solidify its position in the financial landscape.
An internal trial being conducted by Banca Sella focuses exclusively on crypto custody, with no plans for trading services.
The partnership aims to develop a won-based stablecoin to ease trading and reduce the 'kimchi premium' in South Korea.
The fully compliant USDG, a global dollar-backed stablecoin, is now available in the EU, backed by major players including Robinhood and Kraken.
The Bank of Korea has halted its central bank digital currency project, coinciding with the government's new proposal allowing companies to issue stablecoins.
The new service enables faster and more cost-effective international transactions for businesses and consumers, the company claims.
South Korean retail investors are shifting focus towards Circle Internet Group, making it the top foreign stock amidst regulatory changes for stablecoins.
A summary of recent crypto news in Africa, highlighting South Africa's increase in crypto payments and Kenya's removal of a digital asset tax.
Rain collaborates with Toku to introduce a stablecoin payroll system aimed at facilitating instant payments for global employees.
SoFi announces the upcoming launch of international remittances using blockchain networks and stablecoins while also reviving its cryptocurrency investment services.
The Ruble-backed A7A5 stablecoin has experienced significant trading volume on the Grinex platform, highlighting its controversial position in the digital currency market.
A coalition of eight South Korean banks has formed a consortium to develop a won-backed stablecoin, marking a significant step towards digital currency integration in the region.
A consortium of South Korea's major commercial banks is working on a stablecoin linked to the Korean won, aiming to counter the dominance of foreign stablecoins.
Circle's stock saw a 15% decline following a report from the Bank for International Settlements questioning the stability of stablecoins in financial systems.
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