Ripple Complete Key Acquisition in Preparation to Launch USD-Backed Stablecoin

Photo of New York's Financial District

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

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 Currency Glossary

A handy guide to digital currency terms

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

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'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 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

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 […]

Federal Reserve Faces Criticism for Potential Disruption of Stablecoin Regulations

Federal Reserve Faces Criticism for Potential Disruption of Stablecoin Regulations

A recent supervisory communication from the Federal Reserve concerning the utilisation of dollar tokens, like stablecoins, for facilitating payments by state member banks, has ignited controversy among members of Congress on Monday, August 28th. The Federal Reserve recently issued a set of guidelines for state member banks, stipulating the necessity of obtaining written supervisory nonobjection […]

PayPal Launches U.S. Dollar Stablecoin

PayPal Launches U.S. Dollar Stablecoin

PayPal, a prominent player in the payments industry, has unveiled its new U.S. dollar stablecoin, signaling its entry into the realm of digital currencies for payments and transfers. This move has been met with cautious optimism and has given a modest 2.66% boost to PayPal’s shares. Unlike the volatility witnessed in cryptocurrencies, stablecoins are designed […]

Submit your feedback

Claim a FREE Subscription

Receive our monthly newsletter, PLUS invitations to our webinars and events.