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 […]
Stripe Acquires Stablecoin Platform Bridge for $1.1 Billion, Signalling Major Step into Digital Assets
In a landmark acquisition, Stripe, the global payments processor, has acquired stablecoin platform Bridge for $1.1 billion. This acquisition, confirmed by Stripe and Bridge, marks Stripe’s largest acquisition to date and one of the most significant in the cryptocurrency sector. Bridge, founded by entrepreneurs Sean Yu and Zach Abrams, has emerged as a prominent software […]
Avalanche Expands Crypto Utility with Launch of Visa-Backed ‘Avalanche Card’
Avalanche has announced the launch of the Avalanche Card, a crypto-friendly payment solution designed to facilitate everyday spending of digital assets like WAVAX, USDC, and sAVAX. The card, powered by Rain Liquidity, allows users to make purchases anywhere Visa is accepted, with the convenience of both physical and virtual cards. Initially available to residents in […]
Paxos Launches Enterprise-Grade Stablecoin Payments Platform with Stripe Integration
Paxos, the blockchain company behind the Pax Dollar stablecoin, is making significant strides in expanding the use of stablecoins in the payments industry through its newly launched enterprise-grade infrastructure. On 15th October, Paxos revealed its new stablecoin payments platform, which is designed for payment service providers (PSPs) and fintech firms looking to integrate stablecoin payments […]
Ripple Prepares for RLUSD Stablecoin Rollout with Key Partnerships Announced at Swell 2024
Ripple has announced its exchange and market maker partners for the forthcoming launch of its dollar-pegged stablecoin, RLUSD, during the Ripple Swell 2024 conference in Miami. In addition, the firm has appointed former FDIC chair Sheila Bair and David Puth, ex-CEO of Centre, to its advisory board. Ripple’s latest venture into the stablecoin market underscores […]
Ripple Custody Launch Aims to Transform Digital Asset Storage and Management
Ripple has significantly expanded its footprint in the crypto custody sector with the launch of new services aimed at banks and financial technology companies. The San Francisco company announced its latest offerings on Thursday, detailing a range of features to assist financial institutions in securely storing and managing digital assets for clients. These new services […]
Ripple Mints 350,000 RLUSD Stablecoins in 24-Hour Milestone
In a landmark development, Ripple has minted a total of 350,000 RLUSD stablecoins within a 24-hour period. The minting took place in two separate transactions: 300,000 RLUSD followed by 50,000 RLUSD, as tracked and reported by the Ripple Stablecoin Tracker, an XRP Ledger (XRPL) community account dedicated to monitoring the issuance and redemption of Ripple’s […]
PayPal Expands Crypto Services to U.S. Merchants
PayPal Holdings, Inc. has announced a new development for its U.S. merchants: business accounts can now directly buy, hold, and sell cryptocurrency through their PayPal accounts. However, businesses in New York State are excluded at this initial launch. This latest move underscores PayPal’s commitment to broadening cryptocurrency accessibility and utility among its vast network of […]
