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 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 […]
Circle and Chainlink Collaborate for Cross-Chain Stablecoin Transfers Amid Regulatory Developments
Jeremy Allaire, CEO of Circle, has expressed optimism about the United States passing a significant law pertaining to stablecoins in 2023. This optimism was shared during an interview at the World Economic Forum’s annual meeting in Davos, Switzerland, on January 15. Allaire emphasized the increasing global trend of digital dollars and the need for the […]
Digital Tenge Goes Live: Kazakhstan Launches CBDC
Kazakhstan has officially launched its central bank digital currency (CBDC), the digital tenge, marking a significant step in the country’s financial technology evolution. The chairman of Kazakhstan’s National Payment Corporation (NPC), Binur Zhalenov, made the inaugural transaction with the digital tenge at the XI Congress of Finance in Almaty. This launch promises substantial platform development […]
Singapore’s Central Bank Launching ‘Live’ Trials for Wholesale Digital Currency
The Monetary Authority of Singapore (MAS) has announced the initiation of “live” trials for a central bank digital currency (CBDC) specifically for wholesale settlements. This move is part of a broader initiative to expand trials in asset tokenization and establish the necessary infrastructure for a digital Singapore dollar. The Orchid Blueprint by MAS outlines the […]
PetroChina Marks a Milestone with International Crude Oil Trade via Digital Yuan
In a historic move that showcases the evolving landscape of international trade and finance, PetroChina, a leading Chinese oil and gas firm, completed its first international crude oil transaction using the digital yuan. This pioneering transaction was highlighted in a report by China Daily on Saturday. PetroChina, stepping into uncharted territories, acquired a whopping 1 […]
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 […]
Project Sela: Israel and Hong Kong Finalise Retail CBDC Test Focusing on Privacy and Inclusivity
Israel and Hong Kong have recently finalised their retail Central Bank Digital Currency (CBDC) pilot project, Project Sela, highlighting the significant emphasis placed on privacy and inclusivity. During the pilot project, both nations collaborated to explore the practical implications of a CBDC in the retail sector. They utilised Distributed Ledger Technology (DLT) to investigate various […]
Future Bank of England Deputy Governor: Crypto Not Gambling, Should Be Treated as a Financial Activity
Sarah Breeden, who assumes the role of deputy governor of financial stability at the Bank of England on November 1, has drawn attention to the potential risks associated with cryptocurrencies while also highlighting the advantages of the underlying technology. She made these remarks during a session with Parliament’s Treasury Committee. In her new position, Breeden, […]
Brazilian Central Bank Adds Crypto Exchange Mercado Bitcoin in CBDC Pilot Including Mastercard
Source: Coindesk Brazil’s central bank authorized on Thursday the largest local crypto exchange, Mercado Bitcoin, to participate in the pilot of the digital real, the South American country’s central bank digital currency (CBDC). The consortium led by Mercado Bitcoin counts Mastercard, broker Genial, registrar Cerc and financial software fintech Sinqia as partners, local newspaper Valor reported. […]
