In brief Major banks including Banco Santander, Citi, Bank of America, and Deutsche Bank are exploring a “1:1 reserve-backed form of digital money.” The banks said…
Browsing: Stablecoin
The new stablecoin from the STBL protocol fell below its $1 peg shortly after going live, highlighting challenges for liquidity. USST, a new stablecoin launched on…
Standard Chartered’s recent research warned that stablecoins could drain up to $1 trillion from emerging market (EM) banks over the next three years as savers flock…
In brief The Bank of England may exempt crypto-exchanges and other big firms from its proposed £10 million ($13.3 million) limit on stablecoin holdings. The central…
Ripple just announced a new partnership in Bahrain, agreeing to help expand the kingdom’s Web3 infrastructure with pilot projects, participation in industry events, and more. This…
In brief Coinbase and Mastercard are each reportedly negotiating to buy BVNK for up to $2.5 billion. The talks come amid hype surrounding digital assets pegged…
Crypto exchange Coinbase and payments giant Mastercard have each held advanced acquisition talks to buy BVNK, a London-based fintech that builds stablecoin payment infrastructure, according to…
Key takeaways JUP, the native token of the Jupiter DEX, is up by less than 1% in the last 24 hours, but could rally higher in…
The venture arm of the U.S. multinational bank Citigroup (C) made a strategic investment in stablecoin payments platform BVNK, the companies announced on Thursday.Citi Ventures joins…
Hotlink Group, a publicly traded Japanese company, announced that it has begun actively deploying capital into decentralized finance (DeFi) using the synthetic stablecoin USDe. The firm…