Coinbase, the largest cryptocurrency exchange in the United States, announced today that it will remove from its platform any stablecoin that does not comply with the rules established by the Regulation for the Cryptoasset Market, better known as the MiCA Law of the European Union, which enters effective December 30, 2024. This decision directly affects … Read more
They have not decided whether the asset will be backed by deposits, market funds or fiat currencies. BBVA is part of a Visa sandbox created to help launch tokenized assets. BBVA, the Spanish banking giant, announced plans to launch its own stablecoin with the backing of Visa, according to Francisco Maroto, director of digital assets … Read more
The Ethena cryptocurrency (ENA) has seen a notable bullish rally, with the price rising over 12% today and over 45% in the last seven days. Ethena (ENA) price currently stands at $0.4034, consolidating in a key resistance zone. A move above the $0.41 level could propel ENA to new heights, with some analysts forecasting an … Read more
Key facts: The Central Bank of Bolivia says that most of the operations were carried out with stablecoins. The total value traded in the last three months was USD 46.8 million. The Central Bank of Bolivia (BCB) reported a significant increase in cryptocurrency operations in the country. In a report published on September 26, the … Read more
Key facts: BUIDL is the largest tokenized US Treasury bond fund. Ethena already issues another stablecoin, USDe. Ethena, a company known in the cryptocurrency ecosystem for its stablecoin USDe, has announced the launch of a new stablecoin, UStb, in collaboration with Securitize, a real-world asset tokenization platform. This new stablecoin will be supported by BlackRock’s … Read more
On Tuesday, September 24, French bank Société Générale, through its cryptocurrency arm, SG Forge, signed an agreement with Bitpanda, an Austrian cryptocurrency trading platform, to launch the EUR CoinVertible stablecoin. This stablecoin, managed by the French entity, will comply with the European Union’s MiCA regulations, making it the first regulated stablecoin of its kind in … Read more
With the goal of transforming the financial landscape, a group of Harvard students and alumni have launched the New Bretton Woods Project (NBW), a blockchain-based initiative that includes bitcoin (BTC) as a way to provide solutions to the global economic crisis. The project will begin to be launched in the coming weeks at the Harvard … Read more
Key facts: According to the company, they are “quite advanced” in creating the stable cryptocurrency. They want to take a compliance-first approach to become a “safe harbor.” Revolut, the $45 billion London-based fintech, is in the final stages of developing its own stablecoin, according to sources close to the company. This decision aligns with Revolut’s … Read more
The BNB Chain is taking unusual steps to become the “central infrastructure” for stablecoins. One of several is that through MegaFuel, powered by the company Nodereal, it will cover gas fees for users of centralized exchanges, wallets and web3 applications that use stablecoins such as USDT, USDC and FDUSD. This announcement coincides with the opening … Read more
Key facts: USDS will be backed by US Treasury bills, overnight repos and cash. BitGo’s stablecoin will be the “first open-source stablecoin,” according to the platform. One of the leading custodians of bitcoin (BTC) and cryptocurrencies, BitGo, announced the launch of USDS (USD Standard), a stablecoin that promises rewards to institutions that provide liquidity. This … Read more