Tag: stablecoin
Ripple Wins Final OCC Approval for $2.6B RLUSD Stablecoin Bank
Ripple National Trust Bank gains federal supervision for RLUSD reserves as crypto banking charters face legal challenges from community banks and lawmakers.
HSBC Launches RedCoin Stablecoin to 3.3M PayMe Users in Hong Kong
HSBC debuts its Hong Kong dollar stablecoin RedCoin on PayMe app, targeting retail payments and tokenized investments as stablecoin adoption accelerates in Asia.
Circle Defends USDC Economics as Stablecoin Rivals Woo Partners with Better Cuts
Circle justifies its business model and profit margins as Coinbase backs Open USD, a rival stablecoin network offering partners a larger share of reserve income.
Circle Eyes 40 Developing Markets as Stablecoin Demand Surges
Circle's CEO Jeremy Allaire reveals expansion plans into Southeast Asia, Latin America, Africa and Middle East as stablecoin adoption enters mainstream scaling phase.
House Bill Drops Stablecoin Tax Deferral for Miners and Stakers
The Digital Asset Tax Certainty Act excludes provisions allowing miners and stakers to defer taxation on rewards, maintaining immediate tax liability on token generation.
Uzbekistan Launches Stablecoin Pilot With Government-Backed Som Token
Central Asian nation tests HUMO stablecoin pegged to Uzbek som, with 20+ merchants and banking integration planned over 12-month trial period.
BIS Chief Questions Stablecoin Credibility as Regulators Tighten Rules
Bank for International Settlements argues stablecoins lack viability as everyday payments, backing tokenized bank deposits instead as regulatory frameworks diverge globally.
Revolut Launches MiCA-Compliant Euro Stablecoin as USDT Withdrawal Looms
Fintech giant Revolut rolls out EURR, a euro-pegged stablecoin backed by Bridge, across select European markets as it phases out Tether.