Stablecoins, Crypto Threaten Fiat Money in East Asia
In some East Asian countries, stablecoins and cryptocurrencies are beginning to supersede fiat currencies, underscoring their importance in emerging economies. Eastern Asia became the sixth-largest crypto economy in 2024, contributing more than 8.9% of the global cryptocurrency value received between June 2024 and July 2023, according to a report by Chainalysis published on September 17. […]
Revolut Expands Crypto Offerings with Stablecoin Launch
Revolut is eyeing a fiat-pegged token of its own, which might mean a new player in the stablecoin market for cryptocurrencies. The London-based company has reportedly started working on its stablecoin solution. However, it is unclear when the product will be released. Furthermore, it’s unclear if Revolut’s stablecoin would be based on the US dollar […]
BNB Chain, CEXs Introduce Gasless Stablecoin Payments
BNB Chain, a community-driven blockchain ecosystem, has announced an update in partnership with major centralized exchanges CEXs to enhance stablecoin payments through gasless transactions. The initiative, unveiled on September 18, is designed to enhance the accessibility, speed, and affordability of stablecoin payments with the chain’s objective of simplifying daily crypto transactions. Gala Wen, the director […]
Circle Links USDC with National Payment Systems in Brazil, Mexico
USDC is now available in Brazil and Mexico’s banking systems, allowing businesses to use the USD-pegged stablecoin directly through local financial institutions. Circle has integrated its USD-pegged stablecoin, USD Coin (USDC), with Brazil and Mexico’s national real-time payment systems. In a Sept. 17 announcement , Circle revealed that USDC is now accessible within the banking […]
Euler Finance Announces Launch of New Stablecoin Maxi
Euler Finance, a decentralized finance lending platform, has launched a hybrid token called Maxi. The development was revealed on September 16 by Euler Labs, the group responsible for the Ethereum decentralized finance lending protocol. According to a post on X by the platform, Maxi is a customized financing solution that aims to provide its clients […]