Ripple Gains Regulatory Nod for RLUSD Stablecoin
New York regulators have given Ripple full authority to introduce its RLUSD stablecoin, allowing it to join the $200 billion global liquidity market. The New York Department of Financial Services has given the regulatory approval for RLUSD. This stablecoin can be redeemed 1:1 for US dollars, according to a statement released by Ripple CEO Brad […]
Crypto.com Partners with Deutsche Bank for Banking Expansion
Crypto.com has teamed with Deutsche Bank to offer corporate banking services in Singapore, Australia, and Hong Kong. The agreement represents a major milestone for Crypto.com by solidifying its financial infrastructure in the Asia-Pacific area and establishing the framework for future expansions into Europe. Corporate banking services are essential for businesses, including cryptocurrency enterprises, because they […]
USDT Gains Virtual Asset Status in Abu Dhabi Global Market
Tether stated that its U.S. dollar-pegged stablecoin is now a recognized virtual asset by the Financial Services Regulatory Authority of Abu Dhabi. Tether is now accessible to approved individuals and businesses governed by the Abu Dhabi Global Market, per the notification made on December 10. The FSRA, an Abu Dhabi market regulator, governs the Abu […]
Bybit Expands On-Chain Earn Offering with SUI Staking
Sui has been added to Bybit’s newly established On-Chain Earn program, according to the cryptocurrency exchange. Sui is presently the 20th largest cryptocurrency by market capitalization, and the exchange announced the increase of its On-Chain Earn offering on December 10. Bybit’s On-Chain Earn platform supports well-known proof-of-stake cryptocurrencies like Ethereum and Solana and allows users […]