Western Union eyes stablecoin rails in pursuit of a ‘super app’ vision

Key Takeaways  Why is Western Union making a stablecoin bet?  To cut operational costs and speed up traditional transfers.  What’s the potential end-goal for the stablecoin move?  Per an expThe post Western Union eyes stablecoin rails in pursuit of a ‘super app’ vision appeared first on AMBCrypto. дальше »

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EU imposes sanctions on Russia-tied A7A5 stablecoin 

In a move that could affect Russia’s crypto ambitions, the EU has blacklisted the A7A5 stablecoin tied to the state. The European Union has rolled out its 19th round of sanctions targeting Russia, introducing sweeping economic restrictions aimed at sectors… дальше »

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European Union Mulls Sanctions On Russian Ruble-Backed A7A5 Stablecoin

The European Union (EU) is considering sanctions against a Russian ruble-backed stablecoin called A7A5, which is the world’s largest non-US-dollar stablecoin. According to a Bloomberg [...] дальше »

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Western Union CEO: Stablecoins are an opportunity, not a threat

Western Union CEO Devin McGranahan views the growing stablecoin adoption wave as an opportunity, despite concerns held by traditional banking institutions that view it as a threat. In an interview with Bloomberg, McGranahan highlighted the opportunities presented by the global… дальше »

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Paxos launches MiCA-compliant USDG stablecoin in the EU

Paxos has expanded its Global Dollar stablecoin into the European Union under the region’s new crypto regulations. The launch was announced in a July 1 press release by Paxos, revealing that the coin is fully compliant with the EU’s Markets… дальше »

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Unified borders for a borderless stablecoin future | Opinion

For stablecoins to grow without needless limitations, the United States and European Union need widespread and transparent regulations дальше »

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European Union Pushes Own Digital Currency, Fears American Dominance and Dollar-Backed Stablecoin

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Tether excluded from MiCA approval as EU grants regulatory nod to 10 stablecoin issuers

The largest stablecoin issuer, Tether, has been excluded from the European Union’s latest MiCA regulation approvals, which granted licenses to 10 stablecoin providers. This move highlights the EU’s strict stance on crypto asset regulations, raising concerns about market restrictions and potential delistings of USDT within the bloc. дальше »

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EU Regulator Urges Nations to Ensure Compliance with Stablecoin Rules Soon

The European Union's European Securities and Markets Authority wants nations in the EU to make sure that exchanges are complying with its stablecoin rules. дальше »

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Western Union and MoneyGram app usage drops as stablecoin adoption surges

Traditional remittance giants like Western Union and MoneyGram are struggling to keep pace in an evolving financial ecosystem increasingly shaped by stablecoins. According to Matthew Sigel, Head of Digital Assets Research at VanEck, downloads of remittance giants apps have dropped significantly, with Western Union seeing a 22% decline and MoneyGram experiencing a 27% reduction. дальше »

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End of Tether in Europe? Uncertainty Looms as MiCA Regulations Take Effect

Tether’s flagship stablecoin, USDT, faces renewed scrutiny in the European Union as the bloc’s landmark Markets in Crypto-Assets (MiCA) regulation prepares to enter its full implementation phase on December 30, 2024.  дальше »

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Tether backs StablR to expand MiCA-compliant euro stablecoin offerings

Tether, the company behind the USDT stablecoin, made an investment in the European firm StablR. The investment comes as the European Union prepares to implement the Markets in Crypto-Assets regulatory framework on December 30, 2024. дальше »

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Tether (USDT) ends EURT support, citing Europe’s regulatory changes

USDT issuer Tether has halted support for EURT, its euro-tied stablecoin. Meanwhile, regulatory changes as the European Union embraced the inclusive MiCA regulatory framework triggered Tether’s decision. дальше »

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Paxos to acquire Membrane Finance to expand into EU market

Paxos, a prominent stablecoin issuer, has reached an agreement to acquire Membrane Finance, a Finland-based electronic money institution, in a strategic move to gain access to the European Union. This acquisition comes about five months after the EU’s stablecoin regulations, part of the broader Markets in Crypto Asset (MiCA) framework, were implemented. Crypto firms are […] дальше »

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Tether’s USDT at risk as Coinbase set to delist MiCA non-compliant stablecoins

Coinbase, a leading US cryptocurrency exchange, is set to delist all non-compliant stablecoins from its European platform by the end of 2024. The move comes as the European Union’s Markets in Crypto-Assets (MiCA) regulation, which enforces stringent standards on stablecoin issuers, takes full effect in December. дальше »

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Circle exec expects ‘huge shift’ in EU market post-MiCA

Patrick Hansen, Circle’s European strategy director, predicted major leaps in the EU’s crypto and stablecoin market by late 2025. At the European Blockchain Convention in Barcelona, Hansen shared expectations of advancements in the crypto market structure across the European Union.… дальше »

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Circle proposes new capital-risk framework for stablecoins

In July 2024, Circle became the first stablecoin issuer to comply with the European Union’s Markets in Crypto-Assets regulatory framework. дальше »

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2025 is the year for crypto stablecoin regulation 

Stablecoins regulations introduced across the European Union have prompted questions about the U.S. plans for these fiat-pegged tokens. дальше »

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Circle Awarded Europe’s First Stablecoin License Under New MiCA Crypto Rules

Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European Union’s rigorous crypto laws. дальше »

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Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules

Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA. дальше »

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EU Stablecoin Caps Could Lighten or Get Tougher, French Official Warns

Limits on stablecoins not denominated in euros were among the most controversial elements of the European Union’s Markets in Crypto Assets law. дальше »

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The European Union is stifling stablecoin adoption

The Markets in Crypto-Assets framework stands to get in the way of Circle's Euro Coin and other digital assets. Policymakers should revise the proposal. дальше »

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Tether’s reported bank partner Capital Union shares its crypto strategy

Tether stablecoin’s reported bank partner Capital Union supports a large variety of digital assets as part of its trading and custody services. дальше »

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EU 'Markets in Crypto Assets' proposal places emphasis on stablecoin governance

At a time when most financial regulators worldwide are sailing their way through enacting cryptocurrency regulations, the European Union (EU) has been assuming an urgent pace to release a planned framThe post EU 'Markets in Crypto Assets' proposal places emphasis on stablecoin governance appeared first on AMBCrypto. дальше »

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Waves to offer collateral protection on USDN stablecoin with UNION platform

Waves, an open blockchain protocol and development toolset for decentralized applications, today announced a partnership with UNION, a full-stack protection platform for the DeFi space. UNION will offer its collateral protection product to future lending protocols that use Waves’ Neutrino USD (USDN) and smart contract protection to the inter-chain communication protocol Gravity. дальше »

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Russian Arms Manufacturers Dodge US Sanctions With Bitcoin

Soyuzmash, the Union of Machine Builders in Russia, has asked the Central Bank for permission to accept Bitcoin and stablecoin payments for weapons deals. This, they claim, will help them to circumvent US and international sanctions. дальше »

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Top-10 Philippine Bank Launches Its Own Fiat-Pegged Stablecoin Cryptocurrency

One of the largest financial institutions of the country, the Union Bank of the Philippines, has announced the launch of its own crypto today to connect rural banks via its blockchain platform. A blockchain platform and a fiat-pegged stablecoin The stablecoin dubbed PHX – which is pegged to the Philippine Peso (PHP) – is already […] The post Top-10 Philippine Bank Launches Its Own Fiat-Pegged Stablecoin Cryptocurrency appeared first on CCN Markets дальше »

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Union Bank Launches Programmable Cryptocurrency

Union Bank in the Philippines, funded by Aboitiz Equity Ventures, has launched a stablecoin with the ticker PHX. In doing so, Union Bank has become the first bank in the country to conduct transactions via a blockchain. дальше »

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Germany Eyes Euro-Backed, Bank-Controlled Stablecoin

To provide a faster alternative to the euro, Germany's dominant political parties, the Christian Democratic Union of Germany and the Christian Social Union, are mulling over the prospects of a digital euro, or "e-euro," that would act as a digitized version of a small part of the existing money supply. дальше »

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German State-Backed Crypto To Set Ball Rolling On E-Euro As Facebook Libra Fears Mount

Germany’s Christian Democratic Union (CDU) and sister party the Bavaria-based Christian Social Union (CSU) have released a joint report calling for the setting up of a German euro-backed stablecoin cryptocurrency. дальше »

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Investors Abandon Western Union as Facebook’s Libra Stablecoin Eyes Money Transfers Globally

The cryptocurrency community does not often impact the traditional financial industry, but the GlobalCoin is causing a bit of a shift. Today, Facebook officially unveiled their Libra project, which will be the new cryptocurrency from the social media platform. дальше »

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Could Blockchain Help Ease The Brexit Crisis?

Pindar Wong posits that a government-sanctioned stablecoin could help ease the tension between the European Union and the United Kingdom over tariff enforcement.

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Blockchain Advocacy Coalition Sponsors Bill to Allow Crypto for Legal Cannabis Tax

Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency. дальше »

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WorkChain Blockchain Payroll And STASIS Enable EURS Stablecoin Crypto Paychecks For EU Workers

WorkChain Blockchain Payroll And STASIS Enable EURS Stablecoin Crypto Paychecks For EU Workers It seems that individuals that get paid in Euros can now receive their payments in cryptocurrency. The Blockchain Payroll Platform WorkChain. дальше »

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EU Workers Now Have the Option to Take Their Pay in a Euro Stablecoin

Blockchain Payroll Platform WorkChain. io has partnered with tokenization platform STASIS to enable euro-backed crypto paychecks for its European Union (EU) users with the EURS stablecoin. дальше »

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Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12. 7 million through a digital token fund, according to reports from the South China Morning Post (SCMP). дальше »

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Liechtenstein Bank issues its own crypto security token and a payment stablecoin

Leichtenstein’s Union Bank announced in a press release that they will be launching their own security token and that it will be followed by a Union Bank Payment Coin (UBPC) crypto token. Union Bank is Leichtenstein’s full licensed bank that becomes the first to issue its own crypto tokens. дальше »

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