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 […]
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 […]
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 […]