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 […]
New members join the Board of Directors as the Digital Pound Foundation continues to grow
The Digital Pound Foundation (DPF) is pleased to announce the appointment of two new Directors to its Board. Thomas Hawkins, who will represent Accenture, and Lee A. Schneider, an Originating Member of the Digital Pound Foundation, both join the Board with immediate effect. Thomas Hawkins is EMEA Lead for Digital Assets, Digital Currencies and Tokenisation […]
Banking Circle Unveils EU’s First Bank-Backed MiCA-Compliant Stablecoin
Banking Circle S.A., a forward-thinking payments bank, has launched EURI, a new stablecoin pegged to the Euro that is fully compliant with the newly implemented Markets in Crypto Assets Regulation (MiCA). This launch marks a significant milestone as EURI becomes the first bank-backed stablecoin regulated under MiCA in the European Union (EU). EURI’s introduction follows […]
India’s CBDC Progress Takes Centre Stage at RBI@90 Global Conference
During the RBI@90 Global Conference, Shri Shaktikanta Das, Governor of the Reserve Bank of India (RBI), shed light on the significant strides India has made in its progress towards a Central Bank Digital Currency (CBDC). Speaking from Bengaluru, the hub of India’s technology revolution, Governor Das underscored the critical role that CBDC plays in shaping […]
MercadoLibre’s Fintech Arm Unveils Dollar-Backed Stablecoin in Brazil
MercadoLibre’s financial technology subsidiary, Mercado Pago, has launched its own U.S. dollar-backed stablecoin in Brazil, marking a significant expansion of its cryptocurrency offerings in the country. The stablecoin, named Meli Dolar, is pegged to the U.S. dollar at a one-to-one ratio and is now available for trading by all Mercado Pago clients via the fintech’s […]
Chavanette Advisors join the Digital Pound Foundation membership community
We are excited to announce the addition of Chavanette Advisors to the Digital Pound Foundation as Associate Members. Chavanette is a recognised thought leader in Central Bank Digital Currencies (CBDCs), regulated stablecoins, and Digital Public Infrastructure (DPI). Chavanette collaborates closely with Central Banks, monetary authorities, commercial banks and private organisations to design, implement, and drive […]
Tether Announces Development of UAE Dirham-Pegged Stablecoin
In a significant move within the digital asset industry, Tether, the world’s largest stablecoin issuer, has unveiled plans to introduce a new stablecoin pegged to the United Arab Emirates Dirham (AED). This announcement marks a strategic collaboration between Tether, the UAE’s multi-billion dollar tech conglomerate, Phoenix Group PLC, and Green Acorn Investments Ltd. The Dirham-pegged […]
MetaMask, Mastercard, and Baanx Unveil New Crypto Payment Card
MetaMask, in partnership with Mastercard and Baanx (Crypto Life), has launched the pilot of the MetaMask Card. This innovative Mastercard payment card allows users to make direct purchases using the crypto in their MetaMask wallets, wherever Mastercard is accepted. Lorenzo Santos, Senior Product Manager at Consensys, commented on the launch, stating, “The MetaMask Card pilot […]
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. […]
