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 […]
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 […]
Singapore’s Largest Bank to Custody Stablecoin Reserves in Partnership with Paxos Trust
Singapore’s largest bank, DBS Group Holdings Ltd., has announced that it will, for the first time, custody stablecoin reserves and offer related cash management services in collaboration with the local arm of cryptocurrency issuer Paxos Trust Co. This move marks a significant expansion of DBS’s involvement in the digital asset ecosystem. The bank’s decision follows […]
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. […]
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 and BIS Unveil Pyxtrial: A Tool for Stablecoin Reserve Monitoring
A new report from the Bank of England and the Bank for International Settlements (BIS) has shared the outcomes of a proof of concept (PoC) for Pyxtrial, a regulatory or supervisory tool designed to monitor the asset backing of stablecoins. This joint project between the BIS Innovation Hub and the Bank of England explores how […]
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 […]
UK Centre for Blockchain Technology partners with the Digital Pound Foundation
We are pleased to announce that the UK Centre for Blockchain Technologies (UK CBT) has partnered with the Digital Pound Foundation (DPF). UK CBT is the national hub for blockchain innovation and expertise in the UK. Its vision is to drive the development and deployment of blockchain technologies, fostering trust, collaboration and innovation. The UK […]
