BBVA to Launch Visa-Backed Euro-Pegged Stablecoin Next Year

October 4, 2024 Bitcoin.com

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BBVA, one of Spain’s largest financial institutions, has announced plans to launch its stablecoin product by 2025. The organization is currently in the sandbox stages and will be developed in partnership with credit giant Visa as part of one of the first projects using its services to launch stablecoins. BBVA Plans to Launch Stablecoin in […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Crypto Biz: Axelar’s new interoperability stack goes live

October 4, 2024 Coin Telegraph

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With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.

Protocols are continuing to race for interoperability solutions. With dozens of layer-1 blockchains on the market, communication between networks has become a significant pain point for the broader adoption of Web3-based applications.

One of the players in this game is Axelar protocol. The company announced on Oct. 2 its Mobius Development Stack (MDS), offering a new platform for self-service integration with both onchain and offchain systems, allowing decentralized applications to connect across various blockchain networks.

The platform debuted supporting Solana, Stellar, Sui and XRP Ledger, with additional security features from Babylon and EigenLayer. The stack also offers the Interchain Token Service (ITS), allowing developers to tokenize assets like real estate and intellectual property on any blockchain.

Solana ETF Momentum Grows Amid Reports of SEC Engagement

PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report

October 4, 2024 The Daily Hodl

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Payments giant PayPal has reportedly completed its first business transaction using the dollar-pegged stablecoin it launched last year. Bloomberg reports that on September 23rd, the San Francisco-based company used PayPalUSD (PYUSD) to pay an invoice to the Big Four accounting firm Ernst & Young. Paypal settled the undisclosed amount using SAP digital currency hub, a […]

The post PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report appeared first on The Daily Hodl.

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Circle to Expand USDC Stablecoin to Australia and APAC Region Through Strategic Partnership

October 2, 2024 Bitcoin.com

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Mark Carnegie’s MHC Digital Group is partnering with Circle Internet Financial to expand the distribution of the stablecoin USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific (APAC) region. This strategic collaboration aims to help superannuation funds and high-net-worth individuals avoid significant bank fees by leveraging USDC, which has a market capitalization […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Japan to Review Crypto Regulations, Potentially Easing Tax Burden

October 1, 2024 Bitcoin.com

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Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient investor protection. The review may lead to reclassifying crypto as financial instruments under Japan’s investment law, which could enhance safeguards and bring […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Canada Sets New Deadline for Crypto Platforms to Comply With Stablecoin Regulations

September 30, 2024 Bitcoin.com

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The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024. The updated regulations emphasize transparency and investor protection, requiring stablecoin issuers to maintain appropriate reserves with qualified custodians and to publicly disclose information about their […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Tether Aids DOJ in Seizing $6M in Assets Tied to Crypto Scams

September 30, 2024 Bitcoin.com

Tether Aids DOJ in Seizing M in Assets Tied to Crypto Scams

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Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions, blocking over two billion dollars in USDT and recovering millions for victims. According to the stablecoin issuer, it has […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Tether Helps Dutch and US Authorities Seize $7.8M in Crypto

September 27, 2024 Bitcoin.com

Tether Helps Dutch and US Authorities Seize .8M in Crypto

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Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets. Tether Works With Law Enforcement […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Blackrock Joins Race to Issue New Stablecoin

September 27, 2024 Bitcoin.com

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Blackrock has announced its backing of a new stablecoin, UStb, launched by Ethena Labs. Supported by Blackrock’s BUIDL fund, UStb is designed to provide a reliable alternative in the stablecoin market, leveraging investments in U.S. dollars, short-term Treasury bills, and repurchase agreements. Ethena Labs has partnered with Securitize to facilitate the launch, aiming to enhance […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement

September 26, 2024 Bitcoin.com

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Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling […]

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