Stablecoins
OKX SG Brings USDT and USDC Scan-to-Pay to Singapore’s Everyday Shopping
The OKX Pay service involves collaboration with crypto infrastructure provider StraitsX and Southeast Asia's "everyday everything" app Grab.
AllUnity and Stripe’s Privy Join Forces to Enable Euro Stablecoin Payments
Integration allows fintechs and enterprises to settle in EURAU, claimed to be the first euro stablecoin under BaFin’s e-money license.
Tether and Circle Are ‘Printing Money’ but Competition Is Coming: Wormhole Co-Founder
Platforms like M^0 and Agora are addressing the issue by allowing stablecoin infrastructure to be built to route yield to applications or directly to end users.
Softbank, Cathie Wood's Ark Among Potential Investors in Tether Fundraising: Report
The USDT stablecoin issuer is reportedly looking to raise up to $20 billion at a valuation of $500 billion, which would make it one of the most valuable private companies in the world.
Crypto Adoption in Emerging Markets Poses Risks to Financial Resilience: Moody's
The risks are most acute in areas where crypto's use extends beyond investment into savings and remittances, according to the report.
Stablecoin Market Could Reach $4 Trillion by 2030, Citi Says in Revised Forecast
Bank tokens may ultimately surpass stablecoins in transaction volume, report said.
Stablecoin-Focused Plasma's XPL Token Debuts With Over $2.4B Market Cap
XPL functions as a gas token, staking asset, and reward token, with a total supply of 10 billion tokens.
Hong Kong Monetary Authority Warns Against Unregulated Stablecoin Issuance
The warning comes after AnchorX, a Hong Kong-based firm, announced a stablecoin called AxCNH, pegged to the offshore Chinese yuan.
Stablecoin Startup RedotPay Attains Unicorn Status With $47M Raise for Regulatory Push
The Hong Kong company is scaling stablecoin-powered cards, wallets and payout services with backing from Coinbase Ventures, Galaxy and Vertex.
U.S. CFTC Moves Toward Getting Stablecoins Involved in Tokenized Collateral Push
The acting chairman of the U.S. derivatives regulator, Caroline Pham, has been pushing an aggressive "crypto sprint" to open the markets to crypto.
