Chainlink teams up with Fireblocks to offer one-stop solution for stablecoin issuance and management

The collaboration could significantly enhance stablecoin adoption and utility in global financial markets, driving innovation and regulatory compliance. The post Chainlink teams up with Fireblocks to offer one-stop solution for stablecoin issuance and management appeared first on Crypto Briefing.

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Japanese e-commerce giant DMM Group considers stablecoin pilot

Japan-based electronic commerce DMM Group and Progmat have begun a joint exploration into issuing a stablecoin. DMM.com, along with its affiliate DMM Crypto, is collaborating with Progmat to explore the issuance of a stablecoin. According to DMM’s press release on…

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Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody

The Monetary Authority of Singapore released its stablecoin framework last year.

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M^0 secures $35M Series A round for stablecoin issuance network

As part of the fundraising, M^0 has deployed its core protocol and on-chain governance mechanism on the Ethereum mainnet.

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Nomura partners with GMO to explore stablecoin issuance in Japan

Nomura Holdings and Laser Digital have partnered with GMO Internet Group on a new stablecoin-focused project. The companies will collaborate in the issuance, redemption and circulation of Japanese yen and US dollar-pegged stablecoins in Japan Nomura Holdings, the Japanese banking and investment giant, is teaming up with GMO Internet Group to explore the issuance of […] The post Nomura partners with GMO to explore stablecoin issuance in Japan appeared first on CoinJournal.

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Tether's Stablecoin Dominance May Wane Following Proposed U.S. Rules: S&P

The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said.

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Milei Moneda’s launch promises big as Solana and Toncoin rise

Milei Moneda (MEDA) offers a promising start, alongside Solana's (SOL) rise in stablecoin issuance aiming for a rebound, while Telegram's embrace of Toncoin (TON) heralds a new era of crypto integration and remarkable growth. #partnercontent

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Frax Finance Expands to Cosmos Ecosystem Via Asset Issuance Chain Noble

The Frax token (FRAX), a crypto-collateralized stablecoin pegged to the U.S. dollar, and its staked version, sFRAX, will become native to the Cosmos ecosystem via Noble.

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WisdomTree secures NYDFS charter for digital asset custody and stablecoin issuance

WisdomTree has been granted a NYDFS charter, allowing fiduciary custody of digital assets and the issuance of DFS-approved stablecoins.

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Hong Kong's Central Bank Starts Regulatory Sandbox for Stablecoin Issuers

The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox.

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Hong Kong to allow stablecoin issuance testing in sandbox

The Hong Kong Monetary Authority (HKMA) will allow institutions to test the issuance of stablecoins. According to a release published by the Hong Kong Free Press on Feb. 28, the HKMA will launch a so-called sandbox. Financial Secretary Paul Chan…

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PAXOS Secures FSRA Approval for Stablecoin Issuance in Abu Dhabi

Paxos expands to Abu Dhabi with FSRA approval, empowering the platform to issue stablecoins and offer crypto-brokerage and custody services.

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TUSD refutes claims of association with TEURO amid rumors of private key compromise

TrueUSD (TUSD) has distanced itself from speculations that an address associated with it was involved in the issuance of TrueEURO (TEURO), a purported Euro-based stablecoin. In an Oct. 23 post on X (formerly Twitter), the stablecoin provider stated that the address 0x7bA7EF06A2621267f063eF2DB2d482D5B507D8b3 “has no permissions” over its smart contract as it was solely designated for […] The post TUSD refutes claims of association with TEURO amid rumors of private key compromise appeared first on CryptoSlate.

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Hong Kong Edges Closer to Regulatory Framework for Stablecoin, Lawmaker Says

A Hong Kong politician describes significant progress toward finalization of a framework governing stablecoin issuance. The post Hong Kong Edges Closer to Regulatory Framework for Stablecoin, Lawmaker Says appeared first on BeInCrypto.

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Coinbase invests in stablecoin operator Circle

Coinbase (COIN), a US-based cryptocurrency exchange, has secured a minority stake in a payment company Circle.  This collaboration comes as both entities take the significant step of dissolving their Centre Consortium partnership, which had been instrumental in the issuance of…

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Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains

The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.

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US Fed issues new crypto program for local banks

US Federal Reserve unveils Novel Activities Supervision program to oversee banks’ crypto-related activities, emphasizing stablecoin safeguards. The initiative‘s main goal will be to supervise the banks’ activities related to cryptocurrencies, such as custody, lending, trading, and the issuance or distribution…

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U.S. Senators Push for Cryptocurrency Commodity Status and CFTC Empowerment

U.S. Senators Cynthia Lummis and Kirsten Gillibrand are set to introduce a revised version of the cryptocurrency regulation bill, aiming to establish a comprehensive regulatory framework for digital asset transactions and stablecoin issuance.

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European Banking Authority calls for early adoption of stablecoin standards

EBA officials anticipate a surge in stablecoin issuance in the coming months and have urged businesses to use its guiding principles before restrictions are implemented.

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BREAKING: $1 Billion New Tether (USDT) Issued On Tron Network – Bitcoin To Surge?

Tether, the leading stablecoin provider, today issued an additional 1 billion USDT on the TRON network. This mammoth issuance is expected to significantly alter the stablecoin landscape. Data from Coingecko reveals that in the past 90 days, USDT’s market value has soared by $2.

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South Korea prepares further crypto legislation focused on asset issuance, stablecoin regulation

South Korea’s financial authorities are preparing for the second phase of virtual asset legislation to regulate various aspects of the country’s crypto market, local media ChosunBiz reported on June 5.

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Tether CTO says $1b USDT minted on Ethereum reserved for chain swapping

Tether recently minted another $1 billion worth of its Tether USDT stablecoin on the Ethereum blockchain, which is another big issuance within two months since its last minting on April 21.

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Ripple launches CBDC and stablecoin issuance platform

Ripple, a leading crypto solutions company, has introduced the Ripple CBDC Platform, a comprehensive solution for central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs).

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The Big Issues of Stablecoin Issuance

Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation.

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Bank of Israel considers CBDC issuance 

The bank of Israel is now weighing in on CBDC issuance depending on variety of factors including stablecoin performance. The bank is not willing to let private sectors control the field.

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Blockchain Financial Services Firm Paxos Sets Withdrawal From Canada

Paxos, whose businesses include crypto brokerage and stablecoin issuance, is exiting the Canadian market, effective June 2, according to a posting on its website.

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Stablecoin Tether's Market Capitalization Nears Record High of $83B

Tether's market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival Tron.

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BNB Whales Dump Millions Of BUSD, Here’s What They Are Buying

Following the issuance of a Wells Notice from the Securities and Exchange Commission (SEC) to Binance USD (BUSD) issuer Paxos, the stablecoin has taken a hit in the market. Its market cap plunged rapidly as the firm was ordered to stop issuing new tokens and redemptions of the stablecoin surged. There has since been a […]

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Chainlink, TrueUSD Start Real-Time ‘Mint Lock’ Verification of Stablecoin Reserves

The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD.

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Paxos Says It’s Prepared to Challenge the SEC Over BUSD Security Claims

Paxos, a leading regulated blockchain and tokenization infrastructure platform, has responded to the U. S. Securities and Exchange Commission over its issuance of Binance USD “BUSD” stablecoin.

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Stablecoin Issuer Paxos Ceases BUSD Issuance After SEC Reportedly Threatens Lawsuit

In what will be seen as a major escalation in its crypto enforcement agenda, the Securities and Exchange Commission (SEC) is preparing to sue Paxos for selling Binance USD (BUSD) as an unregistered security.

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Paxos terminates relationship with Binance as it halts BUSD issuance

Paxos has also halted the minting of new BUSD tokens as ordered. Existing BUSD will however remain fully-backed and redeemable via Paxos until at least February 2024 Binance CEO says exchange will continue to support BUSD  Paxos, the blockchain and tokenization platform that also issues the stablecoin Binance USD (BUSD), has announced it is terminating […] The post Paxos terminates relationship with Binance as it halts BUSD issuance appeared first on CoinJournal.

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SEC to pursue Paxos for Binance USD stablecoin issuance

SEC has begun legal plans to sue Paxos for issuing and listing Binance USD, a well-known stablecoin in the crypto ecosystem. The financial watchdog argues that the firm’s token issuance violates investor protection laws. SEC trails Paxos The US Securities…

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Cardano DEXs Will Support Djed Stablecoin Liquidity Pools Starting Next Week

The issuance of Djed’s overcollateralized stablecoins has been a much-hyped topic in the Cardano community.

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Euro Stablecoin EURR Issuance Ceased

Stablecoin issuing protocol e-Money has ended its issuance of EEUR, a coin pegged to the euro, citing current market conditions as the reason.

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South Korea’s Central Bank Wants to Oversee Stablecoins

The country joins other jurisdictions in proposing standards for stablecoin issuance.

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Cardano heads further south amid stablecoin launch. What holds for the token next?

The first stablecoin on Cardano (ADA/USD) has been launched. The USD-based stablecoin, iUSD, was launched by the decentralised synthetic asset issuance protocol, Indigo. The launch of iUSD comes two months after Cardano’s hard fork that allowed the building of dApps on the blockchain.

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Circle’s USDC issuance falls 3 billion from Binance stablecoin conversions

Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.

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United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”

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US Fed begins quantitative tightening, Japan restricts stablecoin issuance and LUNA 2.0 rides a price roller coaster: Hodler’s Digest, May 29-June 4

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Japan passes bill to limit stablecoin issuance to banks and trust companies

The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse.

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Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies

After the US, Japan is focusing on stablecoins and is acting to limit the number of companies that can issue these assets backed by fiat currency, according to a Nikkei report. The country’s top banking regulator, Financial Services Agency (FSA), is reportedly planning to propose legislation next year to restrict the issuance of stablecoins to […] The post Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies first appeared on BitcoinExchangeGuide.

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Japan's financial regulators may propose legislation in 2022 restricting stablecoin issuance

The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.

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Japan to Crack Down on Stablecoins

Japan's top regulator is aiming to restrict stablecoin issuance

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Tether CTO Denies USDT Issuance Stopped for Two Consecutive Months

Tether CTO Paolo Ardoino said that USDT is still seeing issuance, with $100 million of the stablecoin being issued recently. The post Tether CTO Denies USDT Issuance Stopped for Two Consecutive Months appeared first on BeInCrypto.

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Tether (USDT) faces criminal probe in the US, report says

Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto. The post Tether (USDT) faces criminal probe in the US, report says appeared first on CryptoSlate.

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Leading Stablecoin USDC to Be Issued on Energy-Efficient, PoS-Based Tezos (XTZ) Blockchain

Tezos (XTZ) has been selected as one of the blockchains for the issuance of leading U.S. dollar-pegged stablecoin USDC. Centre Chooses Energy Efficient Tezos to Issue USDC Tezos (XTZ), a self-upgradable and energy-efficient, proof-of-stake (PoS) public blockchain has been chosen by Centre – the consortium supporting the USDC stablecoin founded by Circle and Coinbase –Read More

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ICHI launches ‘Decentralized Monetary Authority’ for stablecoin issuance

The ICHI ecosystem has attracted several high-profile partners, including Solana, Moonbeam, SushiSwap, 1inch Network, Loopring and Bancor.

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OIN Finance deploying on Harmony blockchain to create a ONE-backed stablecoin

CryptoNinjas » OIN Finance deploying on Harmony blockchain to create a ONE-backed stablecoin Harmony, a sharding protocol with a trustless Ethereum bridge, has announced that OIN Finance, a decentralized stablecoin issuance & trading platform, will be deploying on Harmony, to create a ONE-backed or ONE-denominated stablecoin.

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