Accenture Invests in Fintech Firm EMTECH to Support Central Bank Modernisation
Accenture, a member of the Digital Pound Foundation, has announced its investment in EMTECH, a global financial technology company that provides software-as-a-service (SaaS) platforms to assist central banks in streamlining and modernising their operations. The investment, made through Accenture Ventures, aims to bolster EMTECH’s mission of transforming central banks’ financial and technological infrastructures, enabling them […]
Ripple CEO Brad Garlinghouse Confirms Imminent Launch of RLUSD Stablecoin
Ripple Labs is on the verge of launching its much-anticipated US-dollar pegged stablecoin. Brad Garlinghouse, the company’s CEO, confirmed the imminent release of the token, dubbed Ripple USD (RLUSD), at the Korea Blockchain Week event today. According to Garlinghouse, the stablecoin is set to debut in just a matter of weeks, significantly sooner than initially […]
Apple Announces New NFC Functionality: A Boost to Crypto and Stablecoin Payments?
Apple will soon allow developers to integrate NFC contactless transactions directly within their apps using the Secure Element, independent of Apple Pay and Wallet. Starting with iOS 18.1, this new capability will open avenues for cryptocurrency payments, digital IDs, and more within apps. Leveraging advanced security features like the Secure Enclave and biometric authentication, this […]
Ripple Commences Beta Testing of USD-Backed Stablecoin on XRP Ledger
Ripple has begun beta testing its new stablecoin, Ripple USD (RLUSD), on the XRP Ledger (XRPL) and Ethereum mainnet. The stablecoin, backed 1:1 by US dollar reserves, is aimed at enhancing liquidity, driving institutional use, and supporting cross-border payments. Currently undergoing rigorous testing by enterprise partners, RLUSD is not yet available for purchase or trading. […]
Exploring Ripple’s New Stablecoin and Its Impact on the XRP Ledger, with David Schwartz and Monica Long
In the latest episode of Block Stars, Ripple CTO David Schwarz engages in a comprehensive discussion with Ripple President Monica Long about the company’s strategic entry into the stablecoin market. Monica, a Ripple veteran since 2013, shares her insights on the company’s evolution and the significance of launching their own stablecoin to meet the rising […]
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 […]
