Ant International is actively seeking to get stablecoin issuer licenses in Singapore, Hong Kong, and Luxembourg. The news came to light after sources familiar with the matter revealed it to Bloomberg. As crypto regulations accelerate in global countries, institutions and firms are planning to expand their business operations by complying
South Korea’s digital asset landscape is poised for a potential regulatory shift as Bank of Korea Governor Rhee Chang-yong is scheduled to meet with CEOs of major commercial banks on June 23 in Seoul. The high-level meeting, set to take place at the Bank of Korea (BoK) headquarters, comes at
French banking powerhouse Société Générale, through its crypto subsidiary SG-Forge, has launched a U.S. dollar-pegged stablecoin, USD CoinVertible (USDCV), marking a significant step in institutional crypto adoption across Europe. The announcement, made Tuesday, confirms the stablecoin’s launch on the Ethereum and Solana blockchains, offering new capabilities for 24/7 fiat-to-stablecoin conversions.
In a major effort to legalise cryptocurrency regulation, South Korean representative Min Byeong-deok proposed a sweeping new bill on Tuesday that would transform the country’s digital asset ecosystem. The Digital Asset Basic Act bill, as it is called, creates a new licensing system for stablecoin issuers and establishes general rules
A new project, Stable, is being built, and it has unveiled its work on a blockchain where USDT, Tether’s stablecoin, is the option for paying transaction fees. Adding more to this, peer-to-peer transactions can incentivize on-chain exchanges for users in emerging markets. The increasing demand for stablecoins has led to
Circle, one of the world’s leading issuers of USDC—a stablecoin pegged to the U.S. dollar—had a significant first day as a publicly traded company. When it debuted on the New York Stock Exchange on June 5, Circle’s stock price soared to $83.23, an impressive 168% jump above its initial offering
Uber, an American multinational transportation company, is now spreading its wings towards stablecoins to ease global payments and cut transaction costs linked with cross-border transactions. The chief executive officer of Uber, Dara Khosrowshahi, attended the Bloomberg Tech Summit in San Francisco on June 5, in which he revealed that the
The Trump family’s crypto project, World Liberty Financial, has become the talk of the town after its recent move. Reportedly, the project started airdropping 47 USD1 tokens to each blockchain wallet that participated in the WLFI token presale. This is raising concerns about whether it’s a marketing move with no
Binance continues to deepen its roots in the crypto market with each passing year. A recent statistics report by an on-chain data and analytics provider, CryptoQuant, further confirms Binance’s unbeatable role in the crypto market. User-friendly trading services, high liquidity, and transparency are the major highlights driving Binance adoption. CryptoQuant
Ripple is gradually strengthening its position in the crypto market by focusing on global expansion. Its 4-year-long lawsuit with the SEC came to an end after Trump’s presidency, and the project is witnessing growth and expansion across countries. Today marked a big milestone for Ripple as its native stablecoin, RLUSD,
