JPMorgan added British pound-denominated accounts to its blockchain-based payments network, Kinexys, aiming to fill a gap left by the stablecoin market’s predominant focus on the U.S. dollar. Kinexys enables corporate clients to transfer funds between JPMorgan accounts and currently processes over $2 billion in daily transactions. The GBP expansion follows the network’s recent capability to […]
Stablecoin trading volumes skyrocketed following the confirmation of the end of currency control measures in Argentine markets. Local exchanges reported a 100% increase in trading volumes, initially driven by selling trends. However, by Saturday, buyers had taken control, leading to rising exchange rates. Argentine Stablecoin Trading Volumes Blow up as Currency Controls Get Lifted The
Argentine Stablecoin Markets Soar After Announcement Ending Currency Controls Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Following its historical surge from $0.5 to over $3, the XRP price has remained in the spotlight, climbing alongside Bitcoin (BTC) and other leading cryptocurrencies. Given its past bullish performance, many forecasts anticipate a strong upward trend for this cryptocurrency. One particular
XRP To Flip Bitcoin This Cycle? Analyst Points To Major Bounce Read More »
Stablecoin issuer First Digital Trust says it transferred over $500 million in TUSD reserves to the Dubai-based ARIA Fund at the request of Techteryx. Funds Transferred in Multiple Transactions First Digital Trust (FDT), the stablecoin issuer currently embroiled in a bitter dispute with Tron blockchain founder Justin Sun, said it transferred over $500 million in
The official “Statement on Stablecoins” was issued by the SEC’s Division of Corporation Finance on Friday as “part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets.” Regulatory Clarity: SEC Publishes Updated Stablecoin Standards The U.S. Securities and Exchange Commission (SEC) issued on Friday a landmark
SEC Issues Clarified Stance on Stablecoin Regulation Read More »
Tether, the issuer of the world’s most traded stablecoin, is considering launching a U.S.-only version of its token if the Trump administration introduces favorable regulations to support domestic stablecoin development. Paolo Ardoino, CEO of Tether, revealed in an interview with the Financial Times that discussions are underway with U.S. regulators regarding the framework for stablecoins,
Tether Weighs U.S.-Only Stablecoin Amid Potential Pro-Crypto Trump Regulations Read More »
Tron founder Justin Sun has compared the controversy surrounding First Digital Trust to that of FTX before its collapse but insists the former’s case is “significantly worse.” The FTX Comparison Tron blockchain founder Justin Sun has compared First Digital Trust’s (FDT) situation, following its reported “unauthorized” transfer of $456 million from TUSD’s custodial funds, to
Tron Founder: First Digital Trust Situation ‘Significantly Worse’ Than FTX Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The United States Securities and Exchange Commission has clarified its stance on dollar-backed stable cryptocurrencies, stating that “covered” stablecoins are not securities. This move represents another step toward a clear crypto regulatory landscape in the US. Covered Stablecoins Not Securities — What
US SEC Takes A Stand: ‘Covered’ Stablecoins Are Not Securities Read More »
The U.S. Securities and Exchange Commission (SEC) announced new guidelines on April 4, stating that certain fiat-backed stablecoins will be classified as “non-securities,” thereby exempting them from transaction reporting requirements. The updated classification marks a pivotal moment in the regulatory landscape for digital assets, offering much-needed clarity for stablecoin issuers and market participants. According to
SEC Says Certain Stablecoins Qualify as ‘Non-Securities’ Under New Guidelines Read More »
In a recent interview, former CFTC Chair and Circle President Heath Tarbert ascertained that the world was looking to the U.S. regarding crypto and stablecoin regulation to follow suit. For stablecoins, this is a pretty straightforward matter, he assessed. Circle Believes the World Is Looking Toward the U.S. for Regulation While the regulatory frameworks of
Circle President: ‘The World Yearns for US Crypto Regulation’ Read More »
