Stablecoins
Latest news, explainers and analysis on Stablecoins. Tracking 11 stories on Arth Vani.
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Latest on Stablecoins
US Banking Regulator OCC Finalises Rule for Stablecoin Innovation Under GENIUS Act
The Office of the Comptroller of the Currency (OCC), a key US banking regulator, has announced a final rule to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. This move signifies continued efforts by US authorities to establish clear regulatory frameworks for digital assets, particularly stablecoins.
MoonPay, Dunamu Partner to Explore Stablecoin Payments, Global Digital Asset Infra
Global crypto payments firm MoonPay and South Korean fintech giant Dunamu are collaborating to explore stablecoin-based payments and corporate treasury management. Their partnership aims to identify new use cases for stablecoins in global payments and fund transfers, building out digital asset financial infrastructure.
Crypto Payments Surge 45% as Visa, Mastercard, Stripe Link to Fiat
Despite a stall in stablecoin supply, the use of cryptocurrencies for payments has jumped 45%. Major financial players like Visa, Mastercard, and Stripe are integrating crypto payment rails, bridging the gap between digital assets and traditional fiat currency.
Anyflo Acquires Native to Simplify Enterprise Stablecoin Payments
Anyflo, a new service focused on orchestrating stablecoin payments for businesses, has officially launched, emerging from its 'stealth mode'. This debut includes the acquisition of Native, a platform previously known for Bitcoin lending. The move aims to streamline and simplify how companies handle transactions using stablecoins.
US Fintech Rain Seeks Federal Charter for Regulated Stablecoin Services
US-based fintech firm Rain has applied to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. This proposed bank aims to bring stablecoin custody, reserve management, and issuance/redemption under direct federal supervision. The move signifies a growing global trend towards integrating digital assets into traditional regulated financial systems.
ECB Explores Direct Euro on Blockchain, Eyes Stablecoin Role in Europe
The European Central Bank (ECB) is actively exploring the direct integration of the Euro onto blockchain technology. This move could reshape Europe's digital currency landscape and potentially diminish the role of private stablecoins.
South Korea's Shinhan Financial Group Partners Visa for Stablecoin Payments, AI Exploration
South Korean conglomerate Shinhan Financial Group has signed an agreement with global payments giant Visa to jointly explore stablecoin payments and develop AI-based payment solutions. This partnership signifies a growing move by traditional financial institutions into digital currencies and advanced payment technologies.
BreakingStablecoins Show No Cost or Speed Advantage for Remittances: Banca d'Italia Research
New research from Banca d'Italia indicates that stablecoins do not offer a systematic cost or speed advantage over traditional channels for cross-border remittances. This finding challenges the perception that digital currencies inherently provide cheaper and faster international money transfers.
New LaunchKuCoin Pay Launches Stablecoin Gift Cards for Businesses to Distribute USDT and USDC
KuCoin Pay has introduced a new digital gift card solution allowing enterprises to distribute stablecoins like USDT and USDC. The platform aims to simplify cross-border rewards and payments for businesses using blockchain technology.
New LaunchKuCoin Launches Stablecoin Gift Cards for Global USDT and USDC Distribution
KuCoin has introduced a new stablecoin gift card feature allowing businesses to distribute USDT and USDC for rewards and incentives. This tool aims to simplify how companies manage promotional campaigns and employee bonuses using digital assets.
Bank-Backed Partior & OpenAssets Trial Shows Instant, Secure Digital Asset Transfers
Global settlement platform Partior, backed by major banks, and digital asset provider OpenAssets have successfully tested a new technology. This trial demonstrated how various digital assets, including regulated stablecoins and tokenised bank deposits, can be exchanged instantly and securely. This innovation could pave the way for faster and safer financial transactions in the future.
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