TRON to Introduce Gas-Free Stablecoin Transfers by Year-End
Justin Sun, the founder of TRON, has announced a notable advancement in the blockchain realm: gas-free stablecoin transfers. This feature is scheduled to be available on the TRON blockchain by the end of this year. The new technology aims to eradicate transaction fees for users, enhancing the accessibility and efficiency of stablecoin transfers. Sun envisions […]
Insights from Ripple’s President: SEC Battles, Payment Innovations, and Stablecoins
In a recent episode of ‘The Scoop Podcast’ by The Block, Monica Long, President of Ripple, offered a detailed discussion about the strategic movements of Ripple, especially in relation to XRP and the company’s new venture into stablecoins. Monica Long elaborated on how the clarity obtained from last July’s U.S. court decision—which confirmed XRP is […]
Ripple Complete Key Acquisition in Preparation to Launch USD-Backed Stablecoin
Earlier this year, Ripple announced its intent to acquire Standard Custody & Trust Company, a regulated digital asset custodian. Following regulatory approval, Ripple announced that the acquisition is now complete, and they have concurrently appointed Jack McDonald, CEO of Standard Custody, as Ripple’s Senior Vice President of Stablecoins, bringing extensive experience in investment banking, asset […]
Ripple’s USD-backed stablecoin aims to bridge traditional finance and DeFi
The stablecoin market is expected to soar to a staggering $3 trillion within the next four years. In anticipation of this explosive expansion and recognising the escalating prominence of stablecoins in global financial ecosystems, Ripple has unveiled plans to introduce a new stablecoin pegged 1:1 to the US dollar (USD), fully backed by a combination […]
Digital Dollar Project partners with the Digital Pound Foundation to strengthen international discussion and collaboration
We are pleased to announce that the Digital Dollar Project has joined the Digital Pound Foundation (DPF) as a strategic partner. The Digital Dollar Project is a neutral, non-profit forum focused on exploring digital innovation in money and preserving the role of the U.S. Dollar in a world of decentralised and centralised sovereign and non-sovereign […]
Digital Currency Glossary
Foreword This glossary has been produced by UK Finance, The Payments Association, Digital Pound Foundation, TheCityUK, Innovate Finance and City of London Corporation, and supported by CryptoUK, CMS, Clifford Chance, Greengage, Cummings Pepperdine and The Realization Group. This glossary is also available in PDF format – click here to download a print-friendly copy. Digital currencies […]
Digital Pound Foundation joins forces with industry bodies to launch the Digital Currency Glossary, fostering better education on key terms
The Digital Pound Foundation is pleased to be part of launching a new educational tool – the Digital Currency Glossary – which has been developed in collaboration with leading industry bodies and firms including Innovate Finance, TheCityUK, City of London Corporation, UK Finance, The Payments Association, CryptoUK, Clifford Chance, CMS, The Realization Group, Greengage, and […]
Ripple’s Contribution to CBDC Landscape Celebrated at Juniper’s 2023 Awards
Ripple has been bestowed with two significant accolades by Juniper Research in the esteemed Future Digital Awards for Fintech & Payments 2023. Amid an unprecedented number of entrants this year, Ripple emerged as a clear leader in the following categories: Ripple’s CBDC platform endeavours to provide a safe, sustainable, and smooth end-to-end solution tailored for […]
Circle Defends Stablecoins Amid SEC’s Case Against Binance
Circle, the organization behind the USD Coin (USDC) stablecoin, has presented its perspective regarding the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the cryptocurrency platform, Binance. Circle contends that stablecoins, which are cryptocurrencies tied to stable assets like the U.S. dollar, should not be classified as securities. In their legal document, Circle posits that […]
PayPal USD Stablecoin Holds Strong with Full Asset Backing, Says Paxos Report
Stablecoin provider Paxos has disclosed its first transparency report for Ethereum-based stablecoin, PayPal USD (PYUSD), affirming the full asset backing of the coin. The report unveils that as of August 31, 2023, the total assets overseen in PayPal USD custody are at par or surpass the total token balance, registering at $44.4 million with a […]
