Several US banking groups led by the Bank Policy Institute (BPI) urged regulators to close what they say is a loophole that could indirectly allow stablecoin issuers and their affiliates…
Circle Internet Financial, the issuer of the USDC stablecoin, has seen its newly listed stock, CRCL, gain 5% on Tuesday after reporting robust revenue figures in the second quarter of…
Crypto exchange Coinbase (COIN) said on Tuesday it is reviving its Stablecoin Bootstrap Fund, aiming to boost stablecoin liquidity on decentralized finance (DeFi) markets.The initiative will be managed by Coinbase…
Stablecoins have been regulated in different ways across the globe, raising concerns about their viability and possibly putting up barriers for newcomers. Europe’s framework, Markets in Crypto-Assets (MiCA), varies significantly from…
Web3 payments infrastructure firm Transak has raised $16 million in a strategic funding round co-led by IDG Capital and Tether. The company plans to use the funds to expand its…
In brief
Kaia registered four KRW-related trademarks earlier this month; Kakao and Kakao Pay sit on its governance council.
Competing bills and an administration framework would set rules on licensing, reserves, equity…
In brief
Stablecoin issuer Paxos applied for a national trust charter with the OCC.
The firm joins Circle and Ripple among stablecoin companies seeking the national charter.
In May, the OCC…
Paxos has filed a new application with the U.S. Office
of the Comptroller of the Currency to secure a national trust charter,
seeking to replace its New York state license with federal…
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The Hong Kong stablecoin license application process has actually begun for Standard Chartered Bank, and also Animoca Brands and HKT through their joint venture called Anchorpoint Financial Limited. This Animoca…