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 […]
Leading Democrat Anticipates Stablecoin Regulation Deal
Democratic leaders, including Representative Maxine Waters, Senators Cynthia Lummis, and Kirsten Gillibrand, are leading attempts to regulate stablecoins and expand banking access for the marijuana industry. Representative Maxine Waters, the ranking Democrat on the Financial Services Committee, anticipates reaching a deal with Chairman Patrick McHenry on stablecoin regulation. Meanwhile, this unexpected coincides with the introduction of […]