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Meta Said to Consider Stablecoin Use for International Creator Payouts
Meta is considering the adoption of stablecoins as a mode to process international payouts. Through stablecoins, Meta expects to simplify payouts to the creators using its platforms from various locations around the world.
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Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report
Eric Trump has reportedly announced that the USD1 stablecoin has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The announcement was made at the ongoing Token2049 event in Dubai on Thursday, May 1.
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Visa Partners Stripe-Owned Bridge to Launch Stablecoin Payment Cards: Details
Visa has partnered with Bridge to let developers build on its platform offer stablecoin-linked Visa cards to their users. Both companies shared official announcements on the development on April 30. They said that the main aim of this deal is to introduce stablecoins as legitimate payment options for day-to-day purchases.
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Ripple Offered to Buy Stablecoin Rival Circle or Up to $5 Billion
Ripple has offered to acquire USDC-issuer Circle for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore) but the offer was deemed too low and rejected. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer.
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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
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Mastercard Partners OKX, Nuvei to Launch Payment Ecosystem for Stablecoins
Mastercard has announced it will launch a a payment ecosystem allowing buyers and merchants to facilitate stablecoins transactions. In an official announcement released on April 28, Mastercard claimed that this system would be effective globally, covering over 150 million merchant locations.
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PayPal Rewards Programme for PYUSD Stablecoin Holders Launched in Bid to Boost Adoption
PayPal will start offering rewards to the holders of its PYUSD stablecoin to boost its adoption and uses. Talking about the development, PayPal CEO said that the company aims to enable its customers to experience the utility scope of stablecoins. Â
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USDC-Issuer Circle Plans Payment Network to Process Transactions via Stablecoins
With the CPN, Circle aims to offer a cross-border payment solution that is cost effective, swift, compliant, and transparent. It could be of help to global suppliers, small merchants, content creators, and remittance recipients. Â Â
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Polygon to Shift Focus to Stablecoins Amid Rising Institutional Interest
Polygon plans to shift its focus to stablecoins as part of its roadmap for 2025. The crypto firm's founder Sandeep Nailwal said that the institutional interest in stablecoins has risen significantly, and industry players have started to prepare to cater to the demands around stablecoin custody and services. He stated that stablecoins make the bridg...
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Stablecoin Sector May Reach $2 Trillion: Standard Chartered
Standard Chartered Bank estimates the size of the stablecoin market could surge by about 10-fold to $2 trillion (roughly Rs. 1,71,29,830 crore) within the next three years. it has predicted that US legislation on stablecoins would further legitimise the stablecoin industry.
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US SEC Says Stablecoins Aren’t Securities That Require Registration
US SEC has determined that the assets, generally, aren’t securities. The determination applies as long as a crypto asset is backed by a stable currency such as the US dollar, a commodity like gold or a pool of other assets.
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US Stablecoin Regulation Bill Nears Final Approval from House Committee: Key Details
This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The lawmakers in the US are aiming to finalise stablecoin regulations by August 2025. Â
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Sony Online Store Begins Accepting USDC via Crypto.com Pay in Singapore
Sony Electronics has teamed up with Crypto.com to accept USDC payments in Singapore. The development aligns with the tech giant’s efforts to keep up with Web3-focussed fintech advancements, its announcement said.
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Trump Family's World Liberty Financial Crypto Venture to Launch Stablecoin
Donald Trump's World Liberty Financial will launch a dollar-pegged USD1 stablecoin. USD1 will be launched on the Ethereum and Binance Smart Chain blockchains - digital ledgers that underpin the movement of crypto coins.
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Australia Proposes Regulations for Crypto Exchanges, Custody Services, Brokerage Firms: Details
The Australian Treasury has proposed rules to regulate digital asset platforms (DAPs), including exchanges, custodians, and brokerages. The government plans to implement the reforms this year, according to the Treasury.
-
Meta Said to Consider Stablecoin Use for International Creator Payouts
Meta is considering the adoption of stablecoins as a mode to process international payouts. Through stablecoins, Meta expects to simplify payouts to the creators using its platforms from various locations around the world.
-
Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report
Eric Trump has reportedly announced that the USD1 stablecoin has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The announcement was made at the ongoing Token2049 event in Dubai on Thursday, May 1.
-
Visa Partners Stripe-Owned Bridge to Launch Stablecoin Payment Cards: Details
Visa has partnered with Bridge to let developers build on its platform offer stablecoin-linked Visa cards to their users. Both companies shared official announcements on the development on April 30. They said that the main aim of this deal is to introduce stablecoins as legitimate payment options for day-to-day purchases.
-
Ripple Offered to Buy Stablecoin Rival Circle or Up to $5 Billion
Ripple has offered to acquire USDC-issuer Circle for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore) but the offer was deemed too low and rejected. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer.
-
Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
-
Mastercard Partners OKX, Nuvei to Launch Payment Ecosystem for Stablecoins
Mastercard has announced it will launch a a payment ecosystem allowing buyers and merchants to facilitate stablecoins transactions. In an official announcement released on April 28, Mastercard claimed that this system would be effective globally, covering over 150 million merchant locations.
-
PayPal Rewards Programme for PYUSD Stablecoin Holders Launched in Bid to Boost Adoption
PayPal will start offering rewards to the holders of its PYUSD stablecoin to boost its adoption and uses. Talking about the development, PayPal CEO said that the company aims to enable its customers to experience the utility scope of stablecoins. Â
-
USDC-Issuer Circle Plans Payment Network to Process Transactions via Stablecoins
With the CPN, Circle aims to offer a cross-border payment solution that is cost effective, swift, compliant, and transparent. It could be of help to global suppliers, small merchants, content creators, and remittance recipients. Â Â
-
Polygon to Shift Focus to Stablecoins Amid Rising Institutional Interest
Polygon plans to shift its focus to stablecoins as part of its roadmap for 2025. The crypto firm's founder Sandeep Nailwal said that the institutional interest in stablecoins has risen significantly, and industry players have started to prepare to cater to the demands around stablecoin custody and services. He stated that stablecoins make the bridg...
-
Stablecoin Sector May Reach $2 Trillion: Standard Chartered
Standard Chartered Bank estimates the size of the stablecoin market could surge by about 10-fold to $2 trillion (roughly Rs. 1,71,29,830 crore) within the next three years. it has predicted that US legislation on stablecoins would further legitimise the stablecoin industry.
-
US SEC Says Stablecoins Aren’t Securities That Require Registration
US SEC has determined that the assets, generally, aren’t securities. The determination applies as long as a crypto asset is backed by a stable currency such as the US dollar, a commodity like gold or a pool of other assets.
-
US Stablecoin Regulation Bill Nears Final Approval from House Committee: Key Details
This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The lawmakers in the US are aiming to finalise stablecoin regulations by August 2025. Â
-
Sony Online Store Begins Accepting USDC via Crypto.com Pay in Singapore
Sony Electronics has teamed up with Crypto.com to accept USDC payments in Singapore. The development aligns with the tech giant’s efforts to keep up with Web3-focussed fintech advancements, its announcement said.
-
Trump Family's World Liberty Financial Crypto Venture to Launch Stablecoin
Donald Trump's World Liberty Financial will launch a dollar-pegged USD1 stablecoin. USD1 will be launched on the Ethereum and Binance Smart Chain blockchains - digital ledgers that underpin the movement of crypto coins.
-
Australia Proposes Regulations for Crypto Exchanges, Custody Services, Brokerage Firms: Details
The Australian Treasury has proposed rules to regulate digital asset platforms (DAPs), including exchanges, custodians, and brokerages. The government plans to implement the reforms this year, according to the Treasury.
