What is Digital Money? Money has been used for centuries as a medium of exchange and a store of value. Each government has a central bank that has the power to influence the value of the local currency. The local currency value is measured against the reserved foreign currency, such as the US dollar, and […]
NEW YORK, October 24, 2023: Circle, the company behind the USD Coin (USDC) stablecoin, announced on Friday, October 20, the launch of a new platform to help developers build Web3 applications. The platform, called Circle Smart Contract Platform, and Gas Station provide a set of pre-vetted code templates and APIs that make it easier for […]
DAVOS, Switzerland, Monday, February 19, 2024 – Global financial technology firm Circle released its second annual State of the USDC Economy Report on January 15, 2024, titled “Welcome to the Era of Open Money.” The report paints a picture of significant growth and adoption for USDC, a regulated stablecoin pegged to the US dollar. Circle […]
Catenaa, Wednesday, January 29, 2025 – Coinbase CEO Brian Armstrong has suggested that regulatory pressures could lead to the delisting of Tether (USDT) from the platform. Armstrong’s comments come as lawmakers debate stricter rules for stablecoins, including full backing with US Treasury bonds and mandatory audits to ensure transparency. Speaking at the World Economic Forum, […]
Catenaa, Thursday, January 30, 2025 – The European Central Bank (ECB) has renewed its call for a digital euro, citing U.S. President Donald Trump’s recent executive order promoting dollar-backed stablecoins as a key motivator for Europe to advance its own digital currency plans. ECB board member Piero Cipollone said Trump’s Jan. 23 order could disintermediate […]
Catenaa, Tuesday, January 21, 2025 – Oklahoma has become the latest state to consider creating a Bitcoin reserve, following Republican-led proposals to invest in digital assets for long-term financial security. State Rep. Cody Maynard introduced legislation Wednesday allowing state savings accounts and pension funds to invest in cryptocurrencies like Bitcoin. The bill permits the state […]
Catenaa, Tuesday, January 28, 2025 – The total value locked (TVL) in real-world asset (RWA) protocols has surged to $7.3 billion, marking a 200% increase over the past year, with government securities now dominating the market. These assets account for two-thirds of the sector’s TVL, up from 36% last year, signaling a shift toward regulated, […]
Catenaa, Wednesday, November 13, 2024-A consortium of leading cryptocurrency firms, including Robinhood, Kraken, and Galaxy Digital, has unveiled a new stablecoin network, the Global Dollar Network. The initiative, aimed at boosting the global usage of stablecoins, features the newly introduced USDG stablecoin, pegged to the U.S. dollar. The USDG token, issued from Singapore by Paxos, […]
Catenaa, Saturday, February 22, 2025 – Standard Chartered Bank (Hong Kong) Limited, Animoca Brands, and HKT have announced a joint venture to issue a Hong Kong dollar-backed stablecoin, aiming to enhance digital payments and financial efficiency. The firms plan to apply for a stablecoin issuance license under the Hong Kong Monetary Authority’s (HKMA) new regulatory […]
New York, NY January 30, 2024 – Terraform Labs, the company behind the cryptocurrency Luna and stablecoin TerraUSD (UST), filed for Chapter 11 bankruptcy in the United States District Court for the District of Delaware on Sunday, January 21. Details of the filing can be seen here. Terra was a blockchain payment platform designed for […]
NEW YORK, Monday, May 27, 2024— Tether, the company behind the world’s largest stablecoin USDT, is making a move to expand its reach and potentially revolutionize peer-to-peer (P2P) payments within the Telegram messaging app. On April 19, 2024, Tether announced the integration of USDT and its gold-backed sibling, XAUT, onto The Open Network (TON), a […]
Hong Kong, Thursday, March 21, 2024 – Tether, the blockchain-enabled platform, announced on March 7, 2024, the signing of a Memorandum of Understanding (MOU) with the National Agency of Prospective Projects (NAPP) implementing the crypto regulations in the Republic of Uzbekistan, focusing on country’s betterment. This new venture aims at Uzbekistan’s development and adoption of […]
Catenaa, Monday, January 19, 2025 – Tether, the issuer behind the $137 billion USDT stablecoin, has announced plans to relocate its operations to El Salvador after securing a Digital Asset Service Provider (DASP) license from the regional authorities. This marks a significant step in Tether’s strategy to expand its presence in emerging markets and promote […]
Catenaa, Saturday, December 14, 2024 – World Liberty Financial, the cryptocurrency project supported by President-elect Donald Trump, purchased $5 million worth of Ethereum (ETH) on Wednesday, according to onchain data. The acquisition raises the project’s ETH holdings to over $50 million, out of a total $73 million in cryptocurrency assets. The transactions were carried out […]
London, UK, Monday, February 26, 2024 – The UK government is accelerating its efforts to bring regulatory clarity to the cryptocurrency landscape, announcing plans for new laws governing stablecoin and staking services within the next six months. This move comes amid growing pressure to deliver concrete proposals before the upcoming general election, expected to occur […]
Abu Dhabi, Thursday, May 2, 2024 – The Venom network, layer 0 blockchain in the Web3 eco system, announced that it had partnered with United Network, which is designed for payment systems, prospecting the ignition of global payment systems on a decentralized platform. Reports said that the partnership would improve the speed of the transactions, […]
California, September 12: Global Payments giant Visa announced in early September that it would expand its stablecoin capabilities to the Solana network. Visa made the announcement on September 5, 2023, regarding its expansion of stablecoin settlement functionalities by incorporating Circle’s USDC on the Solana blockchain. Solona’s price jumped in the first week of September following […]
Catenaa, Friday, January 24, 2025 – World Liberty Financial (WLF), a decentralized finance platform with ties to President Donald Trump and his family, acquired $47 million worth of Wrapped Bitcoin (WBTC) during the president’s inauguration Monday. The platform conducted 10 transactions to exchange stablecoins for approximately 439 WBTC, an Ethereum-based token redeemable for Bitcoin. This […]
Hong Kong, Thursday, July 25, 2024 – ZA Bank, a digital bank, said Wednesday, July 24 that it would provide reserve banking services tailored for stablecoin issuers, a first for Hong Kong. The move comes as Hong Kong’s monetary authority opens sandboxes for stablecoin issuers, positioning the territory as a hub for digital assets. ZA […]