Tag: Stablecoin
Stablecoins Regulation in Singapore Has Driven Interest in Assets
Reading time: < 1 minuteFollowing the regulatory framework for stablecoins from the Monetary Authority of Singapore (MAS), local companies such as StraitsX, Circle Internet Singapore, and DCS Card Center are looking to issue these assets.
OKX Wallet Launches Account Abstraction-Powered ‘Smart Account’ Feature, Enabling USDT and USDC Gas Fee Payments on Multiple Chains
Reading time: 3 minutesSingapore, Singapore, August 2nd, 2023, Chainwire Additional account abstraction capabilities, including a social recovery feature, will be rolled out at a later date OKX, a
Utopia Labs Unveils a B2B Solution for USDC
Reading time: < 1 minuteUtopia Labs has released an Ethereum-based solution that facilitates the transfer of USDC to any US bank account.
Hedera and Shinhan Bank Test Cross-border Payments through Stablecoins
Reading time: < 1 minuteShinhan Bank, from South Korea, has finished a proof-of-concept to use stablecoins for international money transfers, supported by the Hedera Hashgraph network.
Stablecoins Market Cap Falls to About $124 Billion
Reading time: < 1 minuteOver the past six months, the overall market capitalization of stablecoins has dropped from $138 billion to $124 billion.
Hong Kong Wants to Launch a Rival of USDT and USDC
Reading time: < 1 minuteThe Hong Kong government has proposed the issuance of a ‘stablecoin’ named HKDG, which would be pegged to the jurisdiction’s foreign exchange reserves and be able to better compete with existing industry giants USDT and USDC.
USDT Issuer Tether Partners with Georgia in Crypto Field
Reading time: < 1 minuteTether Limited has entered into a Memorandum of Understanding with the Government of Georgia.
BUSD Market Value Falls by 80% in 2023
Reading time: < 1 minuteThe supply of BUSD has decreased drastically in the last six months; as of June 26, its capitalization is $4.243 billion, having decreased by 18% in the month of May alone.
Stablecoin Volume on Crypto Exchanges Increases by 5.6%
Reading time: < 1 minuteSince June 14, there has been an increase of around 5.6% in the total amount of stablecoins held on cryptocurrency exchanges.
Tether Chooses Kava As Gateway for Cosmos USDt
Reading time: 2 minutesGeorgetown, Cayman Islands, June 23rd, 2023, Chainwire Tether chooses Kava, a layer-1 blockchain designed for scalability and speed, as its gateway to the Cosmos ecosystem.
