UMX, the Unified Market Exchange incubated by Li Lin’s Avenir Group, launched an invitation-only beta on August 10. The platform targets professional investors seeking crypto and U.S. securities through one trading environment. Users can trade crypto spot, margin, contracts, and options alongside U.S. stocks, ETFs, and stock options. UMX says
The Tether group has made efforts in moving beyond stablecoins. They brought institutional real estate tokenization in Saudi Arabia using its Hadron platform. This company has entered into a partnership with First Data and fintech company BKN301. Basically to enable the issuance and administration of tokenized real estate assets for
The two countries have been ramping up their efforts related to the regulation of stablecoins because both countries are in the process of refining their regulations concerning digital assets. A delegation from HM Treasury and US Treasury met in London on July 8 for the 13th session of the Financial
Mastercard has finalized its acquisition of the stablecoin payment infrastructure provider BVNK, completing the deal worth $1.8 billion. This deal is another significant milestone on the way to the expansion of digital assets payment capabilities across the globe. Through the integration of Mastercard’s global payments network and BVNK’s blockchain infrastructure,
The world of stablecoins is at a stage where usage seems to be more significant than the amount of supply of the coins. As mentioned in Forbes, the stablecoin sector has experienced its largest monthly fall in 2022 since the crash of Terra-Luna, although the level of transactions has never
Blockchain scaling network MegaETH recently shut down its flagship Mega Mafia incubator program. The team made this tough decision after two years of operations. During this period, the program supported twenty early-stage startup teams. These incubated companies collectively raised eighty million dollars from prominent venture capital firms. After spending the
Lawson is set to conduct payment tests using JPYC stablecoin backed by the Japanese yen beginning in early August at one convenience store in Tokyo. According to the FNNews article, the firm decided to conduct the tests in the Takanawa Gateway City convenience store in Minato Ward. HashPort, the digital
Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish Connectia Trust, a national trust bank focused on digital assets. The approval moves Sony Financial Group closer to launching a U.S. dollar-backed stablecoin through its planned American subsidiary. Sony Bank announced that
President of America, Donald Trump, reasserted his support for cryptocurrency during his recent speech as part of the growing relevance of cryptocurrency in international financial markets. In an interview, Trump stressed the need for America to stay ahead as digital assets expand internationally. Trump said: “I’m a big crypto guy
Revolut is set to phase out USDT support for eligible European clients in line with the European Union’s MiCA regulations. Revolut has informed affected users via email that it will gradually stop supporting USDT in the coming months. Users can keep purchasing USDT until July 6, after which Revolut will
