Tether CEO Details USDT Stablecoin Reserves
Tether CEO Paolo Ardoino recently addressed concerns over Tether-USD stablecoin reserves at Switzerland’s PlanB event. Tether CEO Paolo Ardoino, took the stage at Lugano’s PlanB event in Switzerland to present a breakdown of the reserve assets that support the company’s Tether-USD stablecoin. The accusations that the United States Department of Justice and the Treasury were […]
UAE Stablecoin Issuer Gets Approval from Central Bank
AED Stablecoin leads the race to produce the UAE’s first regulated dirham-pegged token as Tether awaits. The Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to AED Stablecoin under its Payment Token Service Regulation framework, according to a press release from the company. This in-principle license positions AED Stablecoin as a […]
Stripe Plans $1B Acquisition of Stablecoin Startup Bridge
Stripe is negotiating a $1 billion acquisition of stablecoin startup Bridge, marking its largest deal yet. This follows Stripe cofounder John Collison’s statement that “crypto is back,” signaling the company’s renewed interest in the sector. Bridge, a crypto stablecoin startup, is currently in discussions with Stripe regarding a $1 billion acquisition. Just months after Stripe […]
Thailand Bank SCB Launches Stablecoin Remittance Solution
Thailand’s SCB introduces a stablecoin remittance solution that streamlines 24/7 cross-border payments while increasing security and efficiency. Siam Commercial Bank (SCB) has partnered with SCB 10X to introduce Thailand’s first cross-border payment solution using stablecoins. This new system, developed in collaboration with Lightnet, aims to provide a faster and simpler cross-border payment service utilizing stablecoins […]
Hermetica Secures $1.7M to Expand Stablecoin USDh
Hermetica, the company behind the Bitcoin-backed stablecoin USDh, has raised $1.7 million in seed funding. The money will help USDh—a stablecoin intended to be backed by Bitcoin—grow. Rather than fluctuating in value like Bitcoin, a stablecoin seeks to maintain its value pegged to a stable asset, such as the US dollar. Without leaving the Bitcoin […]