Crypto
Bank of America Enters Stablecoin Market as CEO Moynihan Says Development Underway
Bank of America plans to launch a stablecoin, with CEO Brian Moynihan indicating preparations are in progress, amid ongoing regulatory discussions in Congress.
Crypto
Arbitrum's ARB Token Climbs Amid PayPal Stablecoin Speculations
Arbitrum's ARB token rises as it's noted as a potential support chain for PayPal's PYUSD stablecoin, sparking optimism among investors.
Adoption
JPMorgan and Citigroup Investigate Stablecoins as Digital Payment Adoption Increases
JPMorgan and Citigroup are advancing their stablecoin plans as the demand for digital payment options rises.
Crypto News
Fresh Ethical Questions Arise from Trump’s Ties to Binance
A recent investigation highlights the connections between Trump and Binance, focusing on the cryptocurrency USD1 and its implications for ethics in finance.
Crypto
Recent Growth in Stablecoin Supply Reflects Strong Crypto Market Activity
The combined market value of the leading stablecoins, USDT and USDC, surged to record levels this week, indicating increasing investment in cryptocurrency markets.
Crypto
Ripple Engages BNY Mellon for Custody of Stablecoin Reserves as RLUSD Reaches $500M
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.
Finance
Pepe's Struggles Continue as It Fades from Recent Peaks
Pepe, the third-largest stablecoin, is facing challenges in maintaining its value above critical moving averages amidst increased selling pressure.
Weekly Summary
Cryptocurrency Market Surges Amid Key Developments
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.
Crypto
Rostec, Russia's State-Owned Giant, to Launch Ruble-Backed Stablecoin and Payment Platform on Tron
Rostec is set to introduce RUBx, a stablecoin pegged to the Russian ruble, alongside RT-Pay, a new payment platform.
Finance
Minna Bank Partners with Solana and Fireblocks to Explore Stablecoin Applications
Japan's Minna Bank signs a deal with Solana and Fireblocks to research the implementation of stablecoins for real-world financial transactions.
Crypto
AMINA Bank Launches Services for Ripple's Stablecoin RLUSD
The bank claims to be the first global financial institution to provide custody and trading services for Ripple's recently launched stablecoin.
Adoption
Ripple Seeks U.S. National Banking License for XRP and RLUSD
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.
Crypto
Banca Sella Initiates Stablecoin Custody Testing in Collaboration with Fireblocks
An internal trial being conducted by Banca Sella focuses exclusively on crypto custody, with no plans for trading services.
Crypto
Upbit Collaborates with Naver Pay on New KRW Stablecoin Initiative
The partnership aims to develop a won-based stablecoin to ease trading and reduce the 'kimchi premium' in South Korea.
Crypto
USDG Launches in Europe as a Fully Regulated Stablecoin
The fully compliant USDG, a global dollar-backed stablecoin, is now available in the EU, backed by major players including Robinhood and Kraken.
Finance
Bank of Korea Pauses CBDC Initiative Amid New Stablecoin Bill Submission
The Bank of Korea has halted its central bank digital currency project, coinciding with the government's new proposal allowing companies to issue stablecoins.
Crypto
Bolt Integrates Stablecoin Payments for Global Sales Amid Growing Digital Dollar Competition
The new service enables faster and more cost-effective international transactions for businesses and consumers, the company claims.
Crypto
Investors Flock to Circle in South Korea Amid Stablecoin Regulation Changes
South Korean retail investors are shifting focus towards Circle Internet Group, making it the top foreign stock amidst regulatory changes for stablecoins.
Altcoins
Weekly Review of African Crypto Developments: South Africa Sees Payment Growth, Kenya Abolishes Crypto Tax
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.
Finance
Rain and Toku Launch a Global Payroll System with Stablecoin Payments
Rain collaborates with Toku to introduce a stablecoin payroll system aimed at facilitating instant payments for global employees.
