Circle, a global financial technology leader, has partnered with Sony Block Solutions Labs. This partnership aims to enhance innovation and creativity through decentralized technologies by utilizing Soneium, a public Ethereum Layer-2 blockchain ecosystem. The collaboration will integrate the Bridged USDC Standard, positioning bridged USDC as one of the primary tokens
Howard Lutnick, the CEO of Cantor Fitzgerald predicts that traditional finance (TradFi) companies want to transact in bitcoin as a new asset. But they are hesitating to take further steps because of all the existing requirements of U.S. regulators. Lutnick on his official X post stated, “Bitcoin has been an
Fuse is thrilled to announce a new collaboration with NexusPay, the industry-leading stablecoin account solution. Collaboratively, the duo will address the shortcomings of conventional financial institutions, providing remote areas and communities with the means to actively participate in the economy. Built with the FuseBox Web SDK, NexusPay expands the availability of digital assets
Tether’s net circulation on The Open Network (TON) has surpassed 500 million, according to recent data from The Block. As of Tuesday, the network hosts 519.28 million USDT stablecoins, just two months after Tether introduced its U.S. dollar-backed stablecoin on TON, alongside the gold-backed XAUT. The Open Network highlighted the
Austin, Texas, 29th May 2024, Chainwire
In a historic move, the United States House of Representatives approved H.R.4763, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, on May 22. The bill, aimed at providing regulatory clarity for digital assets, passed with a significant majority in a 279 to 136 vote. This
As the global reach and impact of open money continues to gain pace – the number of on-chain wallets now holding at least $10 in USDC grew nearly 60% in the last year – 2024 marks a moment of critical inflection for the internet financial system DAVOS, Switzerland & BOSTON–(BUSINESS
In light of the United States government’s unfavorable position against Bitcoin and cryptocurrencies, OpenAI CEO and creator of the famous ChatGPT app Sam Altman has voiced his dismay and profound concern publicly. According to Altman, this persistent stance reflects a government’s desire to assert control over a global currency that
Following a Crypto.com issuer pilot, Visa expands stablecoin settlement capabilities with Circle’s USDC, adding pilot programs with merchant acquirers Worldpay and Nuvei, and utilizing the Solana blockchain. SAN FRANCISCO–(BUSINESS WIRE)–Visa (NYSE: V), a global leader in payments, announced its next step in modernizing cross-border money movement. Visa is expanding its
The Monetary Authority of Singapore recently unveiled its Stablecoin Regulatory Framework to strong international reception, buttressing the nation-state’s prominence as a cornerstone of the blockchain industry. It is thus befitting that Singapore has been selected as the venue of choice for the inaugural Stablecoin Summit, set to take place at
