Global payroll provider Remote is allowing the United States-based companies it serves to pay their contractors in 69 countries in USD Coin. The new option is an extension of Remote’s offerings in conjunction with payment provider Stripe, reports Cointelegraph. “Stablecoin payments complement Remote’s powerful automation features for onboarding, invoicing, and paying contractors,” according to the […]
Europe’s forthcoming regulatory framework will introduce banking concerns for stablecoin issuers that could threaten the stability of the broader crypto space, according to Paulo Ardoino. The Markets in Crypto-Assets Regulation (MiCA) is the first comprehensive regulatory framework for the crypto industry and is set to go into full effect on 30 December. Under MiCA, stablecoin […]
Collison brothers’ payments company Stripe has acquired stablecoin platform Bridge for $1.1 billion, reports The Block, attributing the breaking news to TechCrunch founder and well-known venture capitalist Michael Arrington. The deal marks Stripe’s largest acquisition and is also a record for the crypto industry despite Bridge’s relatively under-the-radar status. It follows reports that the firms […]
Tether plans to launch a new stablecoin pegged to the United Arab Emirates dirham in collaboration with Phoenix Group and Green Acorn Investments, reports The Block. According to a press release, the token will “lead the way in seeking licensing under the UAE Central Bank’s recently announced Payment Token Services Regulation.” According to Tether, the […]
Chainalysis has produced the second article in a series on Markets in Crypto Assets Regulation (MiCAR) stablecoin regime and its remaining challenges. The articles asserts that MiCAR “represents a significant shift to a comprehensive regulatory framework including prudential and conduct requirements for both crypto asset issuers and crypto asset service providers (CASPs) within the EU. […]
Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market, reports TechCrunch. The company has announced that it would let customers accept cryptocurrency payments, starting with just one currency in particular, USDC stablecoins, initially only on Solana, Ethereum and Polygon. This will be the first time that Stripe has taken […]
Ripple’s move to launch its own stablecoin could add further legitimacy to the stablecoin landscape, according to Tether CEO Paolo Ardoino, reports Cointelegraph. Speaking to Cointelegraph during Paris Blockchain Week, Ardoino said the stablecoin ecosystem needs healthy competition between big players to further legitimize the utility of fiat-backed tokens in the eyes of regulators. “First […]
Ripple has entered the lucrative stablecoin market, valued at $150 billion, by introducing its own digital currency pegged to the US dollar, reports UnlockBC. This stablecoin will maintain a 1-to-1 backing with assets such as US dollar deposits, US government bonds, and cash equivalents held in reserve by Ripple. The company has committed to providing […]
Date and time: Wed, 27 Sep 2023 19:00 – 21:00 IST Location: Dogpatch Labs, Custom House Quay Dublin 1 This after-work event seeks to present informed and engaging perspectives from key actors and influencers in the crypto and defi realm. Come for expert knowledge sharing and networking in the blockchain #Startups and Web3 ecosystem. Guest […]