New York proposes legislation to allow stablecoins as bail payment

New York State has proposed new legislation that would authorize fiat-collateralized stablecoins as a means of bail payment.

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FDIC Chairman Says Regulators Should Oversight Over Stablecoin Issuers

The FDIC expressed his trust in stablecoins as a possible means of payment and urged regulators to better oversee the stablecoins. According to the chair, stablecoins hold characteristics that could bring issues such as money laundry to an end.

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River Financial Offers Payment Gateway for Bitcoin’s Multi-Asset Upgrade

The River Lightning Services solution wants to help developers utilize Taro, the Lightning Network upgrade bringing stablecoins and other assets to Bitcoin

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Stablecoins’ Role in Cutting International Payment Costs Probed by Payments Watchdog

The Committee on Payments and Market Infrastructures wants to know if stablecoins can fulfil their promise of cheaper, quicker transactions, according to a new Financial Stability Board report.

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JPMorgan's CEO feels threatened by disruption in payment systems: Kevin O'Leary

At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide.

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US Treasury report encourages instant payment, recommends more CBDC research

In one of three reports released simultaneously Friday, the Treasury Department talks cautiously about stablecoins and CBDC in the context of wider payment technology.

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Crypto custody platform Fireblocks integrates security token issuance solution from Tokeny

Fireblocks, a provider of blockchain asset and crypto custody technology, today announced it has integrated Tokeny into its platform. The integration will enable clients of Fireblocks the ability to mint and manage permissioned tokens such as digital securities, stablecoins, and loyalty programs across apps, payment networks, and more.

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ECB believes CBDCs are better than Bitcoin for cross-border remittances

The European Central Bank’s (ECB) latest study regarding an ideal cross-border payment system claims central bank digital currencies (CBDCs) are superior to Bitcoin, stablecoins, and other traditional banking means including SWIFT.

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UK Regulators to Introduce Rules for Stablecoins in New Markets Bill

The much-anticipated financial services and markets bill presented to the country’s parliament includes rules for stablecoins as a means of payment.

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Bank of Russia opposes private stablecoins in the country

Russia's central bank sees the digital ruble as the only technological payment option to support.

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Terra crash highlights stablecoin risk to financial stability: ECB

A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy.

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Tether to launch GBPT stablecoin pegged to British pound sterling

Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment.

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Three-Quarters of US Retailers Expect to Accept Crypto in Two Years

A survey has revealed that 75% of U.S. retail businesses plan to accept payment in crypto or stablecoins within the next two years. The post Three-Quarters of US Retailers Expect to Accept Crypto in Two Years appeared first on BeInCrypto.

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Stablecoins Face U.K. Regulation Following UST Collapse

The U.K. government has published a paper exploring ways to mitigate the financial stability issues associated with digital payment assets. The development comes after the collapse of UST, previously the...

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Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean?

British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method.

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COTI links with Cardashift to accelerate social & environmental projects using Djed stablecoin

COTI, a DAG protocol optimized for creating decentralized payment networks and stablecoins, has now announced another fresh partnership, this time with Cardashift, Cardano’s community-run launchpad.

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U.K. Treasury Confirms Stablecoin Legislation Part of Upcoming Bill

Her Majestys Treasury has confirmed plans to legalize stablecoins as a form of payment in a new Financial Services and Markets Bill announced on May 10. U.K to Regulate Stablecoins...

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Bitcoin Payments Remain in Their Infancy but There Are Green Shoots Everywhere

Can cryptocurrencies, stablecoins, and CBDCs coexist as methods of payment? Industry leaders shine light on the future of crypto payments. This piece is part of CoinDesk's Payments Week.

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Toomey drafts bill to exempt stablecoins from securities regulations

The Stablecoin TRUST Act proposed the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations.

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Why does the UK suddenly want to become a “crypto hub”? Hint: it has to do with the EU

This week, UK Chancellor Rishi Sunak tweeted about payment regulation reform recognizing crypto stablecoins as a valid payment in the UK. The post Why does the UK suddenly want to become a “crypto hub”? Hint: it has to do with the EU appeared first on CryptoSlate.

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UK Sets Out A Plan To Become The Global Hub For Crypto Assets

The UK government has announced plans that will see stablecoins recognized as a valid form of payment under local laws as part of wider plans to make Britain a global hub for crypto-asset technology and investment.

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UK to recognize stablecoins as form of payment, Royal Mint releases NFT

The UK government announced plans to begin regulating stablecoins, paving their way for use… The post UK to recognize stablecoins as form of payment, Royal Mint releases NFT appeared first on Coin Journal.

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UK government wants to make stablecoins a legal payment method

The UK is taking this and other steps as it looks to position itself…

The post UK government wants to make stablecoins a legal payment method appeared first on Coin Journal.

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Your Favorite Stablecoins Are Now Available to Trade on Phemex

When Bitcoin was first created, it was considered a great way to make peer-to-peer transactions. It was touted as a payment method that would allow for more privacy transparency and a way to ease the difficulty of cross-border transactions.

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Visa Looking to Hire College Students to Develop In-House Crypto Talent

Hirees will build expertise in areas such as DeFi, NFTs, stablecoins and central bank digital currencies, according to the payment giant’s job listing.

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Revamping E-Commerce During the Rise of Stablecoins

The third decade of the 21st century will make cryptocurrency the main payment method worldwide because of its benefits over fiat.

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Crypto Payment Processor BitPay Sees More Use in Stablecoins than Layer-2 Solutions

Bill Zielke, BitPay’s Chief Marketing Officer, revealed on Thursday this week that the company was not planning to integrate the layer 2 Bitcoin channels. Bill explains that Bitcoin transactions dominate the customers’ preference hence no rush to switch despite the fees reaching highs of $7 after a 256% spike earlier in the month. The company […]

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Visa CEO Recognizes Real Potential in Stablecoins and Cryptocurrencies

In a question and answer session at the JP Morgan Annual Tech Conference, the head of Visa admitted that cryptocurrencies are complementary to its current payment systems — not competitive. Ryan Todd (@_RJTodd), who reported on Visa’s acknowledgment of digital currencies, added that the total stablecoin value has hit ten billion dollars last week.

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Facebook Libra Redesigned: New System and Cryptocurrency to Comply With Regulations

Facebook’s Libra cryptocurrency project has undergone major changes. A number of key areas have been redesigned, including the payment system, the Libra cryptocurrency, and the addition of new single-currency stablecoins.

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FSB Calls for Streamlined Approach to Regulate Stablecoins Across G20 States

The Financial Stability Board (FSB) has issued recommendations calling for a unified approach to crypto regulations for stablecoins that adequately account for the risks posed by global private payment projects like Facebook’s Libra.

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Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins

Russia’s central bank starts testing stablecoins and doesn’t assume that they will act as a payment method and become a substitute of money

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The Main Property of Cash is Anonymity, How about Stablecoins?

Coinspeaker The Main Property of Cash is Anonymity, How about Stablecoins?What will happen to the centralized stablecoins in terms of payment anonymity? At the moment only one thing is clear: the banks will likely force masses to use their stablecoins with anonymity or without it.

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Bitpay Launches Support For Three USD Stablecoins — But Not Tether

BitPay is now formally accepting stablecoins for payment, but not the one which is by far the most widely used

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BitPay Announces Support for USDC, GUSD and PAX User Payments

BitPay, a payment provider offering merchants the ability to accept cryptocurrencies, launched support for several stablecoins. Users will now be able to use USD Coin, Gemini Dollar and Paxos to pay for goods with all on-boarded merchants.

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Crypto Payment Processor BitPay Adds 3 Stablecoins For Merchants; GUSD, PAX, And USDC

The largest provider of blockchain payment services, BitPay, is expanding their reach into cryptocurrency. According to a recent press release shared with us by BitPay, the provider will now be offering stablecoin payments, benefiting consumers and merchants around the world.

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Ethereum’s Stablecoins Record More On-Chain Transaction Than Venmo In Q2 2019

The cryptocurrency industry has faced a lot of hurdles and resistance from regulators and individuals alike. While the resistance seems to be preventing the adoption and much-desired use of cryptocurrency for payment, data suggests otherwise.

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Tether Effect: Stablecoin transaction volumes on Ethereum surpasses Venmo

A recent report from TradeBlock found that the total on-chain transfer volume across the largest stablecoins has surpassed Venmo’s total payment volume in Q2 2019. But while many celebrated this as a win for cryptocurrencies, some saw the numbers as overblown and said the two cannot be compared.

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Stablecoins Preferred for Payments Over Trading, Paxos and Coinbase Changing Directions

Stablecoin issuers including Coinbase, Paxos and Terra are planning to change directions as a result of consumer interest in using stablecoins as a mean of payment rather than simply for trading reports The Block.

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Crypto Unicorn Circle Shutters Payment App to Focus on Stablecoins

By CCN Markets: Crypto unicorn Circle is shutting down its Circle Pay app in July to focus on stablecoins and developing new wallet services. The parent company of crypto exchange Poloniex made the surprise announcement on its website on June 13.

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These US Insurance Giants Will Pay Each Other on a Blockchain

By CCN: USAA and State Farm have reportedly closed a deal that will see them using the blockchain to pay each other. So when two people get in an accident, and they’re represented by either of the companies, the company that has to pay will eventually be using a blockchain solution to settle the inter-company payment.

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BlockFi Adds Gemini Dollar Stablecoin Support

Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin, claiming an expected initial annual percentage yield (APY) of 6. 2 percent for non-U.

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Crypto.com adds support for Ontology’s ONT token

CryptoNinjas Crypto. com, a cryptocurrency payment, and wallet app, announced that it has added support for Ontology’s ONT token. The listing of ONT marks the 20th token to be added to the Crypto.

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Liquid Network Expands With New Memberships and Integrations

Blockstream's Liquid Network has expanded to include 14 new members. With these additions, Liquid’s client base now boasts 35 institutions. The company also announced that Liquid is now available on Bitfinex and RenrenBit, a crypto finance app.

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26 Stablecoins Launched on Stellar Blockchain, the New Era in Crypto on the Way

Coinspeaker 26 Stablecoins Launched on Stellar Blockchain, the New Era in Crypto on the WayWirex, a UK-based payment platform,has revealed that it is planning to launch 26 fiat-backed stablecoins on the Stellar Network.

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Payment Processor Wirex Partners With Stellar, Plans to Launch 26 Stablecoins

26 stablecoins will be launched by United Kingdom-based cryptocurrency payment processor Wirex as part of a partnership with Stellar

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Who Wins? Ripple and XRP or the “Bank Approved” Stablecoins?

Some in the cryptocurrency space have wondered if the appearance of the new big bank issued stablecoins will make cryptocurrencies disappear. Ripple has the ambition to create a new worldwide payment system.

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Six Banks Plan To Use Stablecoins Under New IBM Payment Network, Based On Stellar Blockchain

Six Banks Plan To Use Stablecoins Under New IBM Payment Network, Based On Stellar Blockchain Major tech giant IBM has been working to expand their dive into blockchain, which appears to now be including a little dip into cryptocurrency.

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6 Banks Sign up to Issue Stellar-based Stablecoins on IBM’s World Wire

CoinSpeaker 6 Banks Sign up to Issue Stellar-based Stablecoins on IBM’s World WireIBM announced today that its global payment network, IBM Blockchain World Wire, has enabled payment locations in 72 countries, with 47 currencies and 44 banking endpoints and that it has signed letters of intent with six global banks.

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IOST to launch cross-chain stablecoin iUSD

CryptoNinjas IOST, a scalable and secure blockchain platform, has announced the launch of iUSD – a cross-chain stablecoin issued on the IOST blockchain. Blockchain applications built on the IOST ecosystem can use stablecoins to execute payment transfers with low exchange rate fluctuations.

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