The G20 indicated an increased emphasis on digital asset innovation while remaining cognizant of maintaining financial stability in its approach to policy formulation. Financial ministers and central bank governors saw the opportunity that digital financial innovation provides as a means of achieving broader economic growth. This new emphasis has come
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 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
A major USDT supply squeeze has hit India’s USDT market, sending the price premiums of the stablecoin past its usual trading band. As per a report from The Economic Times, USDT was sold at around 102.88 INR on Saturday, whereas the USD/INR foreign exchange ratio stood at 94.65 on Friday.
Ripple is officially bringing out RLUSD into the Japanese market, which becomes an important milestone for its future international growth. By doing this, the company will make significant progress in its operations in one of the most technologically sophisticated digital assets markets worldwide. Now, after obtaining approval from Japan’s Financial
The Bank of England announced the final framework for regulating stablecoins and drafted new regulations following extensive consultation with the industry. The new framework is less stringent than previous iterations as per industry concerns about limiting growth in the UK’s nascent stablecoin market. Proposed holding limits that would have prevented
The Hong Kong government has not issued any HKD stablecoin licenses, despite earlier commitments to begin the approval process in March this year. The HKMA is still reviewing the applications and has not announced any approvals. Also, stretching the deadline beyond the earlier stated timeframe by the officials. The officials,
Singapore-based StraitsX announced a sharp increase in the growth of its stablecoin card program, indicating a rise in the adoption of Southeast Asia’s digital payments ecosystem. The StraitsX stablecoin card program experienced a fortyfold increase in transaction volume from the fourth quarter of 2024 to the 2025 periods. The StraitsX
