OMFIF Study Urges Central Banks to Move Forward with CBDCs
A new report from the Official Monetary and Financial Institutions Forum (OMFIF) calls for decisive action from central banks on the issuance of central bank digital currencies (CBDCs). Titled CBDCs: It’s Time for Action, the study argues that hesitancy over implementation risks delaying crucial innovations in financial inclusion, resilience, and monetary sovereignty. The findings underscore […]
Key State Licences Strengthen Ripple’s Payments Network Ahead of RLUSD Adoption
Ripple has announced significant developments in its cross-border payments business at the start of 2025, including new regulatory licences and a focus on integrating its enterprise-grade stablecoin, Ripple USD (RLUSD), into its payment services. The announcement comes as digital asset adoption continues to evolve, with financial institutions exploring blockchain technology to optimise efficiency and diversify […]
Rethinking the ‘Singleness of Money’: A New Framework for Stablecoins
A group of eight leading experts in digital money has released a new paper, published by King’s College London and Qatar Centre for Global Banking & Finance, calling for a re-evaluation of the concept of “singleness of money,” arguing that a rigid interpretation of this principle could hinder the innovative potential of stablecoins. The paper […]
Circle CEO Predicts Imminent US Executive Orders to Expand Digital Asset Adoption
Circle CEO Jeremy Allaire has expressed confidence that US President Donald Trump will soon issue executive orders aimed at significantly widening the role of digital assets in the nation’s financial system. The anticipated directives are expected to enable banks to engage with digital assets more freely, offer investment products to wealthy clients, and incorporate these […]
Tether Establishes New Headquarters in El Salvador, Bolstering Emerging Markets Focus
Today’s leading stablecoin issuer, Tether, is in the final stages of relocating its operations to El Salvador, following the successful acquisition of a Digital Asset Service Provider (DASP) license. This move is seen by the company as an important step in Tether’s ongoing efforts to support the adoption of digital currencies, placing the company in […]
Ripple Integrates Chainlink Standard to Enhance RLUSD Stablecoin Utility in DeFi Ecosystem
Ripple has announced its adoption of the Chainlink standard to deliver high-quality pricing data for its Ripple USD (RLUSD) stablecoin within the decentralised finance (DeFi) ecosystem. RLUSD, Ripple’s enterprise-grade USD-backed stablecoin, is designed with a focus on trust, compliance, and utility, underpinned by Ripple’s extensive experience in both cryptocurrency and traditional finance. This integration with […]
Forbes: How Stripe and Stablecoins Are Reshaping Remote Work for a Global Workforce
In the rapidly evolving landscape of remote work, innovative payment solutions are playing a pivotal role in reshaping how businesses operate globally. A recent Forbes article titled “How Stripe and Stablecoins Are Rewiring Remote Work” delves into this transformation, highlighting the convergence of fintech innovations and decentralized finance (DeFi) in streamlining cross-border transactions. The Rise […]
Crypto-Friendly Paul Atkins to Take the Helm as SEC Chair Under Trump’s Administration
President-elect Donald Trump has announced his intention to nominate Paul Atkins, a former SEC Commissioner, as the new chair of the Securities and Exchange Commission (SEC). The announcement, made via Trump’s Truth Social platform, aligns with his stated commitment to fostering a more crypto-friendly regulatory environment. Atkins, currently the CEO of Patomak Global Partners, is […]
Central Bank Coalition Share Legal and System Design Considerations of Retail CBDCs
A coalition of seven central banks – the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve Board of Governors, Sveriges Riksbank, and the Swiss National Bank – in collaboration with the Bank for International Settlements (BIS), has been examining key aspects of central bank digital […]
Tether to Phase Out Support for Euro-Pegged Stablecoin EURt
Tether, the company behind USDt (USDT), the world’s leading stablecoin by market capitalisation, has announced the discontinuation of its euro-backed stablecoin, EURt. The firm is advising users to redeem their EURt holdings within the next year. In a statement issued on 27 November, Tether confirmed it will no longer support EURt on any blockchain, ceasing […]
