BRICS members explore stablecoin payments and a platform to conduct CBDC payments, aiming to enhance financial cooperation, a Russian official says. Stablecoins might become a tool for international settlements among …
Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) have introduced the Lummis-Gillibrand Payment Stablecoin Act. This bipartisan effort preserves the dual banking system and gives both federal and state agencies …
Share this article Decentralized finance (DeFi) has emerged as a dominant force in the blockchain space, surpassing stablecoins in daily transactions and concluding the first quarter with approximately 7 million …
U.S. Senators Kirsten Gillibrand and Cynthia Lummis introduced a bill to regulate stablecoins. According to a press release, the bill was developed jointly with the Federal Reserve and the New …
In a recent development, Binance’s OMNI Launchpool reported deposits of FDUSD stablecoin that significantly surpassed its official total circulation. Specifically, the platform initially showed deposits totaling $6.37 billion in FDUSD, …
Synthetic dollar developer Ethena Labs received the green light for a USDeFRAX liquidity pool with Frax Finance to diversify FRAX stablecoin yield. The Singularity Roadmap proposal from Ethena Labs was …
Ethena Labs’ synthetic dollar has surged to a $2 billion market cap less than two months after the protocol released its product on Ethereum’s public mainnet. Launched in February, the …
Ripple announces plans to issue a fully-backed USD stablecoin on the XRP Ledger and Ethereum. The stablecoin aims to bridge traditional finance and crypto, offering compliance, stability, and cross-chain functionality. …
“[At Tether] we are bitcoiners at heart. We believe in the bitcoin mission that is bringing financial freedom to the world,” Ardoino said in a chat conducted over Keet on …
PayPal’s international payment service, Xoom, will allow U.S.-based users to send money overseas using PayPal’s stablecoin, PYUSD. The new option allows conversions from PYUSD to U.S. dollars, facilitating remittances to …