Stablecoins, central bank digital currencies and the new rails of digital cash.
The Flare Network and Enosys Loans, in collaboration with Liquity V2, have announced the creation of the first-ever stablecoin backed by XRP. This development is a major milestone for the XRP ecosystem, as it expands the utility of XRP beyond its traditional use as a remittance token and into the world of decentralized finance (DeFi). … Read more
Tether’s efforts to expand its Bitcoin mining operations in Uruguay have hit a significant roadblock. The state-owned national electricity provider, UTE, cut power to Tether’s local partner, Microfin, over $5 million in unpaid bills. This dispute, which began with mounting costs and unresolved debt, has frozen all mining activities and expansion plans in the Flores … Read more
Chiara Scotti, the deputy governor of the Bank of Italy, has urged the European Union to create clear, unified regulations for cross-border stablecoins. Speaking at a conference in Rome, she warned that a lack of clear rules poses legal, operational, and financial stability risks, especially for stablecoins issued outside the EU but used within the … Read more
Nubank, Latin America’s largest digital bank, is set to begin a pilot program integrating dollar-pegged stablecoins into its payment system, starting with credit card transactions. This announcement was made by the bank’s vice-chairman, Roberto Campos Neto, at the Meridian 2025 event. Campos Neto noted a significant shift in how people are using cryptocurrencies. While they … Read more
PayPal is significantly expanding the reach of its dollar-backed stablecoin, PayPal USD (PYUSD), from its original home on Ethereum to a wide range of other blockchains. This move is part of the company’s strategy to establish PYUSD as a key player in both traditional payments and decentralized finance. Through an integration with LayerZero, a new … Read more
The Australian Securities and Investments Commission (ASIC) has introduced a new regulatory framework that provides an exemption for stablecoin intermediaries, allowing them to distribute crypto issued by licensed Australian providers without needing a separate financial services license. This move, hailed as “pragmatic” by experts, is Australia’s first major step toward resolving regulatory uncertainty for stablecoins. … Read more
MoneyGram is launching a new digital payments app in Colombia that allows people to use the USDC stablecoin for savings and transfers. This service, built on the Stellar network, aims to help Colombians cope with the weakening local currency, the peso, which has fallen significantly against the U.S. dollar. How the Service Works The new … Read more
Tether, the company behind the USDT stablecoin, is making a strategic push to re-enter and dominate the U.S. market. According to company executives, the goal is to strengthen its position as a market leader, with a focus on adapting to evolving U.S. regulations. Bo Hines, who is noted as the future CEO of Tether USA₮, … Read more
MetaMask has officially entered the competitive stablecoin arena with the launch of MetaMask USD (mUSD). This new, dollar-pegged stablecoin is designed to integrate seamlessly into the popular crypto wallet’s ecosystem. Launched on both Ethereum and MetaMask’s Layer-2 network, Linea, mUSD is fully backed by cash and cash-equivalent assets and is issued by the licensed entity … Read more
In a major strategic shift, Tether, the issuer of the world’s largest stablecoin, USDT, has announced the creation of USA₮, a new dollar-pegged stablecoin specifically for the U.S. market. This move signals Tether’s desire to embrace U.S. regulation and directly compete with U.S.-based rivals like USDC. Leading this new initiative is Bo Hines, a 30-year-old … Read more