Binance has unveiled an $800,000 XRP airdrop campaign for eligible Ripple USD holders, introducing weekly rewards designed to encourage activity around Rippleβs dollar-backed stablecoin. According to a July 15 announcement from Binance, users holding RLUSD in Binance Earn, Margin, orβ¦
Senator Thom Tillis has proposed new CLARITY Act language that would allow federal banking regulators to intervene if stablecoin yields trigger systemwide deposit flight from US banks. According to a report from Punchbowl, the North Carolina Republican has suggested addingβ¦
Confirmo has launched a stablecoin subscription payment service that supports automated recurring billing across more than 700 self-custody wallets and exchange accounts. According to a July 14 press release shared with crypto.news, Subscribe allows enterprise businesses such as SaaS providers,β¦
Thailand has begun auditing high-value stablecoin transactions after authorities flagged suspicious transfers that may have bypassed normal financial reporting systems. According to local news outlet Thansettakij, the Bank of Thailand (BOT) and the countryβs Securities and Exchange Commission (SEC) haveβ¦
SBI is reportedly preparing to launch a lending product offering a 3% annual yield on its JPYSC stablecoin, adding a yield feature weeks after introducing Japanβs first trust bank-backed yen stablecoin. According to a Monday report by Nikkei, the Japaneseβ¦
In the last week of June, XRP printed its weakest price since late 2024, briefly touching $1.01 before stabilizing in the $1.05 to $1.13 range where it has traded through early July. The token is down more than 25% forβ¦
South Korea has launched its first government-backed blockchain stablecoin pilot after Gyeonggi Province confirmed an eight-month proof-of-concept program scheduled to begin in August. According to blockchain media outlet NexBlock, Gyeonggi Province, the countryβs most populous province, will begin testing aβ¦
The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Koreaβs digital asset legislation remains stalled. According to local reports from Digital Asset and EDaily, the Bank of Koreaβ¦
PayPal USD (PYUSD) has become natively available on Polygon through the Polygon Open Money Stack, giving businesses direct access to the regulated stablecoin across payment, compliance and fiat conversion services. According to a press release shared with crypto.news, Paxos-issued PYUSDβ¦
The article was updated with a correction to state that BitGo has been granted full OCC approval. Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, movingβ¦
Hyundai Card has completed its first stablecoin-based cross-border remittance test, settling a $20,000 payment between Hyundai Motorβs U.S. and Mexican entities in about seven minutes using USDT on Avalanche. According to a Hyundai Card press release, the proof-of-concept (PoC) involvedβ¦
Visa data shows USDC carrying 70% of adjusted stablecoin volume, double USDT. How Circle won settlement, Tether kept savings, and what breaks the truce.
RealFi has launched its public testnet, opening access to the first live version of its yield-bearing stablecoin infrastructure ahead of a planned mainnet release later this year. According to a press release shared with crypto.news, the public testnet gives users,β¦
A7A5 was engineered to be unstoppable: a ruble token with no freeze function, backed by a sanctioned bank, majority-owned by a convicted fugitive, and launched beyond the reach of Western regulators. Its issuer claims tens of billions in volume. Blockchainβ¦
Stablechains like Tempo, Arc, Plasma, and Stable are blockchains built for stablecoin payments with dollar gas fees. How they work and who builds them.
South Korean blockchain consortium has completed a proof of concept showing a blockchain-based digital local currency processing payments and settlements in under one second with a reported 100% transaction success rate. According to South Korean news outlet Newsis, the K-STARβ¦
On June 30, more than 140 companies, including Visa, Mastercard, Stripe, BlackRock, Google, and Circleβs most important ally, Coinbase, unveiled a stablecoin designed to give away the exact revenue stream Circle lives on. CRCL cratered 17% in a day andβ¦
South Korean crypto exchange Upbit has rejected claims that it is participating in the issuance of Open USD after being listed among more than 140 organizations associated with the proposed stablecoin. According to a statement issued by Upbit, the exchangeβ¦
Samsung has distanced itself from the founding consortium behind the proposed OUSD stablecoin after being named among more than 140 partners announced for the project. According to a report by Chosun, several South Korean companies listed as founding members ofβ¦
Several major South Korean companies have said they were listed as members of the Open USD (OUSD) stablecoin alliance despite not formally agreeing to participate. According to a report by Chosun Biz, several Korean companies named as participants in theβ¦
Bridge has secured both a Markets in Crypto-Assets (MiCA) crypto-asset service provider authorization and an Electronic Money Institution (EMI) license in Luxembourg, giving it a regulated framework to offer services across all 27 European Union member states. According to Bridge,β¦
The launch of the Ripple-backed Open USD (OUSD) stablecoin has been overshadowed by a suspected fake issuer account that XRP Ledger validators have warned users not to trust. Validators say the listed OUSD issuer cannot be verified According to XRPβ¦
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