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. […]
Digital Payment Giants Seek to Join India’s Digital Rupee CBDC Pilot
Google Pay, PhonePe, and Amazon Pay are among five prominent payment firms seeking to participate in the Indian central bank’s digital currency pilot, offering transactions via the e-rupee. This information comes from three Reuters sources directly involved in the discussions. The other two applicants are Indian fintech companies Cred and Mobikwik. The Reserve Bank of […]
Stellar Blockchain Chosen for New EURT Euro-Pegged Stablecoin Initiative
Ireland-based electronic money institution (EMI) DECTA is partnering with French fintech company Next Generation to introduce a new Euro-pegged stablecoin, ‘EURT’. The collaboration aims to create a fully compliant stablecoin that adheres to the Markets in Crypto-Assets (MiCA) regulations and operates on the Stellar blockchain, alongside three additional platforms. Next Generation, which has close ties […]
Bank of England Releases New Paper on Innovation in Money and Payments
The Bank of England has published a discussion paper entitled “The Bank of England’s Approach to Innovation in Money and Payments,” which outlines its strategy for adapting to technological changes in the financial landscape. This paper addresses the opportunities and risks associated with innovations in money and payments, aiming to maintain trust and confidence in […]
Unlocking the Potential of Web3 in Financial Services | Poundcast Episode 18
In episode 18 of the Poundcast, we welcome Rita Martins, author of the book “Web3 in Financial Services: How Blockchain, Digital Assets and Crypto are Disrupting Traditional Finance”. Rita discusses her career journey from consulting roles at Accenture and HSBC to her current focus on blockchain technology in finance. During this episode, Rita elaborates on […]
Digital Money Event (23 October 2024)
Details Location: London, United KingdomDate: Wednesday 23 October 2024Organised by: Digital Pound Foundation Description The Digital Money Event 2024 is the destination annual event for discussing the implementation of a digital Pound in both public and private forms. Assembling up to 200 guests, our members, partners, fintechs, policymakers, leading academics and the media will meet to […]
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 […]
Philippines to Launch Wholesale CBDC by 2029
The Bangko Sentral ng Pilipinas (BSP) is advancing towards the issuance of its own central bank digital currency (CBDC), codenamed Project Agila, sooner than initially anticipated. The proof-of-concept phase is expected to conclude by the end of this year, setting the stage for an earlier launch during the term of BSP Governor Eli M. Remolona […]
Fireblocks Among 14 Companies Chosen For The Bank of Israel’s Digital Shekel CBDC Challenge
The Bank of Israel has announced the initiation of the “Digital Shekel Challenge,” an ambitious CBDC experiment inspired by “Project Rosalind” – a joint project by the Bank of England and BIS. The challenge aims to explore potential applications for a digital shekel system, garnering widespread interest from the fintech and finance communities both within […]
Stables Expands into Europe with Stablecoin Virtual Card in Partnership with Mastercard
Stables, the Australian stablecoin payment startup, has announced its expansion into Europe with the launch of their stablecoin virtual card, in collaboration with Mastercard. This move follows a successful partnership with Mastercard in April 2023 in Australia, where Stables became the first stablecoin wallet in the APAC region to offer seamless payments from a single […]
