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Circle Expands Digital Payments Operations to Middle East

December 11, 2024 ADGM Abu Dhabi Circle

Circle Internet Group has established operations in the Abu Dhabi Global Market (ADGM), advancing digital payments across the Middle East and North Africa. Through a new partnership with LuLu Financial Holdings, Circle aims to transform cross-border payments and remittances in key financial corridors. The move allows Circle to operate under

Abu Dhabi Approves Tether's USDT

December 10, 2024 Abu Dhabi Tether USDT

Abu Dhabi's Financial Services Regulatory Authority (FSRA) has approved Tether's USDT as an accepted virtual asset in the Abu Dhabi Global Market (ADGM), marking a significant development in the UAE's digital finance landscape. This regulatory recognition enables authorized entities within ADGM to offer USDT-related

Swiss Fintech Virtual Assets Lab Launches Next-Gen Stablecoin Platform, Eyes Global Expansion

November 12, 2024 switzerland Stablecoin Virtual Assets

Virtual Assets Lab (VAL), a Swiss-based financial technology company, has unveiled its next-generation stablecoin management and wallet platform, marking a significant milestone in the convergence of traditional and digital finance. The Zug-headquartered company's launch comes amid growing institutional interest in virtual asset infrastructure and regulated stablecoin solutions. Platform

PayPal Expands PYUSD Stablecoin to Solana Blockchain for Faster, Cheaper Transactions

May 29, 2024 Stablecoin PayPal PYUSD

PayPal has announced the expansion of its PayPal USD (PYUSD) stablecoin to the Solana blockchain. The online payments giant, which became the first major financial company to introduce a stablecoin in August 2023, aims to provide users with faster and more cost-effective transactions by leveraging Solana's high-speed, low-cost

Philippines Central Bank Approves Coins.ph Stablecoin PHPC

May 13, 2024 Philippines Stablecoin PHPC

The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has recently approved a pilot program for PHPC, a stablecoin pegged 1:1 to the Philippine peso, in collaboration with crypto wallet provider Coins.ph. This move aims to explore the potential of a digital currency tied to the country'

Bitcoin Stablecoins and Tokenized Assets

May 9, 2024 Bitcoin Stablecoin Tokenization

Bitcoin, the world's first and most widely recognized cryptocurrency and virtual asset, has long been hailed for its decentralized nature and robust security. However, the volatility of its price has often been a barrier to its adoption as a medium of exchange. The price volatility has lead many

Hong Kong's ZA Bank Expands Virtual Asset Services

May 3, 2024 Hong Kong China Virtual Assets

Hong Kong's largest virtual bank, ZA Bank, is advancing its footprint in digital finance. The lender, founded by Chinese billionaire Yaping Ou, recently announced plans to offer token-to-fiat currency conversions and provide account services for licensed cryptocurrency exchanges. This move positions ZA Bank as a settlement bank, allowing

BlackRock's Bitcoin ETFs, Stablecoins, and Tokenization to Attract Sovereign Wealth Funds

May 2, 2024 BlackRock Bitcoin ETF Stablecoin

BlackRock is anticipating a new surge in spot Bitcoin ETF investments from non-traditional entities like sovereign wealth funds, pension funds, family offices, and endowments, according to BlackRock's digital assets chief Robert Mitchnick. Mitchnick in an interview said BlackRock is seeing "a re-initiation of the discussion around Bitcoin.

Stripe Accepting Crypto Payments, Focusing on USDC Stablecoin

April 26, 2024 Stripe Cryptocurrency Stablecoin

Stripe, a leading global payments processor, is making a comeback in the cryptocurrency market after hitting pause on its support in 2018. The San Francisco-based company announced that it will allow merchants to accept payments in USDC, a popular stablecoin pegged to the US dollar, starting this summer. This shift

Singapore Enhances Framework for Virtual Assets and Expands Payment Services Oversight

April 3, 2024 Singapore Virtual Assets Stablecoin

The Monetary Authority of Singapore (MAS) has announced sweeping amendments to the Payment Services Act. The expanded scope of regulated payment services in Singapore aims to provide a clear and supportive framework for the rapidly evolving virtual asset ecosystem, while safeguarding the interests of consumers and businesses. Key Amendments to

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Virtual Asset Regulations Worldwide: A Comprehensive Overview

April 1, 2024 Virtual Assets Cryptocurrency Regulation

Explore the global landscape of virtual asset regulations, including stablecoin policies and licensing requirements across various jurisdictions.

Angle Protocol Unveils Yield-Generating USDA Stablecoin Backed by U.S. Treasuries

March 26, 2024 Stablecoin Real World Assets DeFi

Angle Protocol, backed by Andreessen Horowitz, launches USDA stablecoin pegged to the U.S. dollar. USDA is collateralized by U.S. Treasury bills and tokenized T-bills, with stakers earning yield from reserves and lending revenue.