Stablecoins, central bank digital currencies and the new rails of digital cash.
In a significant move for the digital asset industry, AMINA Bank, a regulated Swiss financial institution, has become the first globally operating bank to offer services for Ripple’s RLUSD stablecoin. The bank announced immediate support for trading and custody of RLUSD, signaling a major step in integrating digital assets into traditional finance (TradFi). Ripple’s Strategic … Read more
On Tuesday, Tether Treasury transferred 100 million USDT to Bitfinex on the Ethereum blockchain, according to data from Whale Alert. While such large transfers often raise speculation about liquidity injections, this transaction was likely part of a routine chain swap. At the same time, an equivalent amount of 100 million USDT was sent from Bitfinex … Read more
Design software company Figma disclosed in a recent Securities and Exchange Commission (SEC) filing that it holds nearly $70 million worth of shares in Bitcoin exchange-traded funds (ETFs) and has allocated an additional $30 million in stablecoins for future Bitcoin purchases. The filing comes as the company prepares to go public on the New York … Read more
Hong Kong has taken a major step to enhance its position as a global financial hub by establishing a stablecoin licensing regime. This move is expected to attract cryptocurrency projects and venture capital investments, further bolstered by the recent introduction of strategic technology companies that bring in an estimated HK$50 billion in investments. Chief Executive … Read more
New York Attorney General Letitia James is calling on Congress to bolster pending stablecoin and cryptocurrency legislation, arguing that current proposals lack the necessary safeguards to protect investors, consumers, and national security. In a letter sent to Congress on Tuesday, James criticized the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act and … Read more
In a sign of how far blockchain-based finance has come, stablecoins and crypto debit cards are rapidly transforming how people transact—both online and at the checkout counter. From surpassing Visa and Mastercard in on-chain volume to outpacing traditional banks in micro-payments, the growth of digital asset payments is no longer speculative—it’s structural. Stablecoins: The Internet’s … Read more
Ripple has taken a significant step in its stablecoin ambitions by minting 12 million RLUSD tokens on the Ethereum blockchain, signaling its intent to compete in the rapidly expanding stablecoin sector. This move comes as the stablecoin market has surged to a total supply exceeding $252 billion—growing 20-fold since 2019. Weekly inflows into stablecoins have … Read more
Canadian banking regulators, including the Office of the Superintendent of Financial Institutions (OSFI) and the Bank of Canada, have announced plans to develop a regulatory framework for stablecoins. This initiative aims to strengthen consumer protection and maintain the stability of Canada’s financial system amid growing digital asset adoption. The proposed framework will likely introduce new … Read more
Ripple’s recent move to integrate USDC on the XRP Ledger has reignited debate in the crypto space—some see it as progress, others as a pivot born from necessity. Behind the headlines, a deeper story is emerging: while Ripple chases stablecoin utility, Stellar appears to be years ahead in real-world deployment and adoption. RLUSD Struggles to … Read more
A wallet linked to Cumberland, a prominent Chicago-based trading firm, has moved $454 million worth of USDT to top cryptocurrency exchanges—Coinbase, Binance, Kraken, OKX, Bybit, and others—over the past two days. The transfers, currently unaccompanied by official statements, have triggered speculation about potential market-making strategies or preparatory positioning for significant market activity. As a major … Read more