Tag: Stablecoin
Venmo Integrates PayPal’s Stablecoin
Reading time: < 1 minuteVenmo, a mobile payment service owned by PayPal, has recently announced its support for PYUSD.
Circle Launches USDC on Polkadot
Reading time: < 1 minuteCircle, the issuer of the stablecoin USDC, has recently expanded its reach by deploying the stablecoin in the Polkadot ecosystem.
Binance Will End Support for BUSD in 2024
Reading time: < 1 minuteWith the exchange intending to completely discard the token in 2024, it is now urging users to move to other US dollar-pegged digital currencies before February next year.
Binance Announces it Will End Support for BUSD Next Year
Reading time: < 1 minuteBinance has announced that it will discontinue its support for BUSD, its own stablecoin, by 2024.
Stablecoins Regulation in Singapore Has Driven Interest in Assets
Reading time: < 1 minuteFollowing the regulatory framework for stablecoins from the Monetary Authority of Singapore (MAS), local companies such as StraitsX, Circle Internet Singapore, and DCS Card Center are looking to issue these assets.
OKX Wallet Launches Account Abstraction-Powered ‘Smart Account’ Feature, Enabling USDT and USDC Gas Fee Payments on Multiple Chains
Reading time: 3 minutesSingapore, Singapore, August 2nd, 2023, Chainwire Additional account abstraction capabilities, including a social recovery feature, will be rolled out at a later date OKX, a
Utopia Labs Unveils a B2B Solution for USDC
Reading time: < 1 minuteUtopia Labs has released an Ethereum-based solution that facilitates the transfer of USDC to any US bank account.
Hedera and Shinhan Bank Test Cross-border Payments through Stablecoins
Reading time: < 1 minuteShinhan Bank, from South Korea, has finished a proof-of-concept to use stablecoins for international money transfers, supported by the Hedera Hashgraph network.
Stablecoins Market Cap Falls to About $124 Billion
Reading time: < 1 minuteOver the past six months, the overall market capitalization of stablecoins has dropped from $138 billion to $124 billion.
Hong Kong Wants to Launch a Rival of USDT and USDC
Reading time: < 1 minuteThe Hong Kong government has proposed the issuance of a ‘stablecoin’ named HKDG, which would be pegged to the jurisdiction’s foreign exchange reserves and be able to better compete with existing industry giants USDT and USDC.
