AllUnity launches Swedish krona-backed stablecoin SEKAU with multi-chain support, expanding its stablecoin portfolio regulated under the EUβs MiCA framework.
The proposed rules by US government agencies suggested that stablecoin issuers be subject to customer identification program requirements under the Bank Secrecy Act, the same as regulated financial firms.
U.S. regulators have proposed requiring certain payment stablecoin issuers to verify customer identities under a new rule issued as part of the GENIUS Act framework. The Federal Reserve Board said Thursday that it is seeking public comment on a jointβ¦
SBI Remit has partnered with digital asset platform Fasset to develop stablecoin-based infrastructure for cross-border payments and other financial services. According to a press release shared with crypto.news, the initiative will combine SBI Remitβs international remittance network with Fassetβs blockchain-poweredβ¦
Fidelity Investments has launched a money market fund aimed at stablecoin issuers and institutional investors seeking to meet reserve requirements under the GENIUS Act. Fidelity said on Thursday that the new Fidelity Reserves Digital Fund will invest in cash, short-termβ¦
The raise comes as stablecoin regulation advances globally and financial firms invest in infrastructure connecting blockchain payments with traditional banking systems.
The Peopleβs Bank of China said stablecoins could play a larger role in cross-border payments and called for closer monitoring of their impact on the international monetary system and global payment networks. According to remarks delivered by Wang Xin, director-generalβ¦
Tether has reduced its Bitdeer holdings by 627,000 shares after selling stock worth about $12.7 million, while retaining a 19.7% stake in the Bitcoin mining and AI infrastructure company. According to TheEnergyMag, the USDT issuer sold the shares on Juneβ¦
The CLARITY Act has advanced toward a potential July Senate vote, though negotiations over conflict-of-interest provisions continue to divide lawmakers. According to David Nage, managing director and portfolio manager at Arca, discussions with Senate offices and staff members in Washingtonβ¦
State Street has launched a government money market fund tailored for stablecoin issuers as new U.S. regulations begin to define how reserve assets can be managed under the GENIUS Act. According to State Street, the newly introduced State Street Stablecoinβ¦
Rippleβs investment in Flutterwave will bring RLUSD, Ripple Payments and XRPL to one of Africaβs largest fintechs as blockchain remittances gain traction.
South Korean authorities have dismantled an alleged cryptocurrency laundering operation that moved 16.8 billion won ($11.1 million) through USDT transactions and exchange transfers on behalf of a Cambodia-based phishing syndicate. According to local news outlet Newsis, the Seoul Metropolitan Policeβ¦
A spokesperson for the Democratic National Committee decried the move as βan opportunity to use the power of the presidency to make [Trump] and his family even richer.β
Nuvei has agreed to acquire Payoneer in a $2.75 billion all-cash deal, adding the cross-border payments firmβs global payout network and regulatory licenses to its financial infrastructure business. According to a joint announcement from the companies on June 15, Nuveiβ¦
The Solana Institute has urged U.S. senators to preserve key provisions of the CLARITY Act as industry participants increasingly look toward an August timeline for advancing the legislation through Congress. According to Solana Institute President Kristin Smith, the Blockchain Regulatoryβ¦
The odds of securing a July 4 signing for the CLARITY Act have narrowed, with lawmakers, industry groups, and market observers increasingly turning their attention to the August recess. According to reporting from Crypto In America, many policymakers and industryβ¦
Paradigm has led a $9 million Series A funding round for Latin American payments platform El Dorado as the company expands stablecoin-powered cross-border transfers across underserved markets in the region. According to a June 15 announcement from Paradigm, the investmentβ¦
The article was updated with a quote from Early Warning Services CEO Cameron Fowler. Zelle operator Early Warning Services has announced plans to launch cross-border remittances to India and has introduced a U.S. dollar-backed stablecoin as part of its internationalβ¦
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