Ripple Acquires Standard Custody to Enhance Stablecoin Strategy
Ripple has officially completed its acquisition of Standard Custody & Trust Company, and this new action is expected to enhance the blockchain company’s efforts to establish a USD stablecoin. Ripple, a prominent blockchain payments company, has announced the successful completion of its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. However, […]
Ex Consensys Employee Launches USD3 Stablecoin
An ex-Consensys employee, Jack Jia, has launched a new stablecoin, dubbed USD3, and is set to go live on major blockchains. Established “with a programmatic layer in mind,” Stable.com, a fintech firm co-founded by former Consensys employee Jack Jia, is introducing a novel 1:1-backed stablecoin. Avalanche, Linea, Polygon, Ethereum, and USD3 are all on schedule […]
Nomura Holdings, GMO Group Bring Stablecoin Offerings to Japan
The GMO Internet Group and Nomura Holdings, a financial services corporation, have partnered to issue stablecoins denominated in Japan’s Japanese yen (JPY) and U.S. dollars (USD). Laser Digital Holdings, a subsidiary of Nomura Holdings that provides asset management and trading solutions for digital assets, will be a part of the partnership. Stablecoins-as-a-service, regulatory compliance, and […]
DFINITY Introduces API to Improve Blockchain Compatibility
The EVM RPC and ckUSDC stablecoin were introduced on May 22 by the DFINITY Foundation, well-known for its work on the Internet Computer blockchain. The advancements will promote blockchain interoperability and increase the ecosystem’s use of decentralized finance, or defi. Lomesh Dutta, VP of Growth at DFINITY said: “Reaching the Tritium milestone with the EVM RPC […]
Philippines Commences Sandbox Testing for Peso-Backed Stablecoin
Philippines central bank greenlights trials for PHPC, a peso-backed stablecoin, in partnership with Coins.ph under the Regulatory Sandbox Framework. In regulated trials, the central bank of the Philippines will launch a national stablecoin pegged 1:1 to the local peso. A pilot program for PHPC, a stablecoin supported by the Philippine peso, was authorized by the […]