Western Union is accelerating its push into digital assets as it seeks to modernize its global remittance operations. During the company’s Q3 earnings call, CEO Devin…
Browsing: Stablecoin
Tether plans to launch its U.S.-compliant stablecoin USAT in December, aiming for mass reach in the creator economy, CEO Paolo Ardoino said in a CoinDesk interview.
The Bank of England’s stablecoin limits received fresh criticism.Restricting stablecoin use sends ‘terrible signal’ to businesses, says member of the Lords.The central bank’s deputy governor defended…
In brief Coinbase added Binance’s BNB token to its listing roadmap on Wednesday. BNB is the fourth-largest digital asset by market capitalization. Coinbase delisted the Binance-branded…
Stablecoin issuer Tether has agreed to pay $299.5 million to the Celsius Network bankruptcy estate, resolving claims tied to the crypto lender’s 2022 collapse and potentially…
Bridge, the stablecoin infrastructure company acquired by payments giant Stripe, applied for a national bank trust charter with the U.S. Office of the Comptroller of the…
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…
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…