Paxos, DBS Bank Partner for Singapore Stablecoin Launch
The Monetary Authority of Singapore (MAS) has granted complete regulatory approval to Paxos platform in partnership with Southeast Asia’s largest bank, DBS, for the stablecoin launch. Paxos, the gold-backed stablecoin Pax Gold (PAXG) issuer, has received approval to provide digital payment token services as a Major payment institution from its Singapore subsidiary. The regulatory sanction […]
Sui Partners Copper To Support Stablecoin & RWA Custody
The Layer 1 blockchain Sui has teamed with Copper, a renowned crypto custody provider, to simplify stablecoin and RWA issuer operations. Copper, a pioneer in the digital asset custody industry, has recently declared its partnership with Sui, one of the most renowned Layer 1 blockchains. The strategic mover was intended to simplify custody infrastructure throughout […]
National Australia Bank Halts AUDN Project
Just a year after first disclosing its intentions, the National Australia Bank is said to have abandoned the development of its own stablecoin, AUDN. According to reports, the team behind developing the Ethereum-based stablecoin at National Australia Bank (NAB), one of Australia’s four biggest financial institutions, has quietly stopped working on it. The Australian Financial […]
Ripple CEO Introduces RLUSD Stablecoin for XRP Ecosystem
Ripple CEO Brad Garlinghouse unveils RLUSD at the XRPL Summit to stabilize crypto transactions and improve global payments. Ripple’s Chief Executive Officer, Brad Garlinghouse , recently disclosed the company’s imminent stablecoin, RLUSD, at the XRP Ledger Community Summit (XRPL Apex) in Amsterdam. Garlinghouse referred to the new currency as “Real USD” or “Ripple USD,” which […]
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, […]