Tag: Stablecoin

Nubank Plans Stablecoin Integration for Credit Card Transactions

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Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments. The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system.  According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with…

MoneyGram App to Launch in Colombia For Stablecoin Savings and Transfers

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MoneyGram’s digital payments app is set to launch in Colombia, offering locals a way to save in US dollar stablecoins as the Colombian peso continues to weaken. MoneyGram’s crypto service is powered by the Stellar network and leverages Crossmint for self-custody, enabling users to store the USDC (USDC) stablecoin and transfer it overseas nearly instantly.  In a statement on Wednesday, MoneyGram said Colombia is the “ideal launch market” as Colombian families receive more than 22 times the money they send abroad. “For millions of people around the world, sending money…

Yala’s Bitcoin-Backed YU Stablecoin Struggles to Reclaim Peg After Exploit

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Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” early Sunday that sent the token plummeting to $0.2046. The Yala team confirmed the incident in a post on X, noting that it “briefly impacted YU’s peg.” The team added that they are working with blockchain security firm SlowMist and other security partners to investigate the breach. “Update: All funds are safe. Bitcoin deposited to Yala remains self-custodial or in vaults, with none lost,” the team wrote in their latest post on X. “We’ve identified…

Stablecoin liquidity reaches record high

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Key Takeaways Stablecoin liquidity has reached a record high, indicating increased market activity. Stablecoins play a crucial role as liquidity providers in the crypto ecosystem. Share this article Stablecoin liquidity has reached an all-time high, marking a new milestone for the digital asset sector. The development represents the latest indicator of growing activity and capital flows within the crypto market, as stablecoins serve as key infrastructure for trading and transactions across digital asset platforms. Stablecoins, which are digital assets typically pegged to traditional currencies like the US dollar, function as…

Paxos Proposes Stablecoin for Hyperliquid with HYPE Buyback

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Stablecoin infrastructure firm Paxos has submitted a proposal to launch USDH, a Hyperliquid-first stablecoin that would be fully compliant with the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) and Markets in Crypto-Assets (MiCA) regulatory standards. According to the announcement, published on Saturday, 95% of interest earned from USDH reserves would be used to buy back Hyperliquid’s native token HYPE, redistributing it to users, validators and partner protocols. “We propose the launch of USDH, a Hyperliquid-first, fully compliant stablecoin purpose built to drive adoption, align incentives, and…

Hyperliquid to cut fees and put USDH stablecoin up for validator vote

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Key Takeaways Hyperliquid is initiating an on-chain validator vote to select a team for the USDH stablecoin ticker. The protocol will reduce spot trading fees by 80% to enhance liquidity and user experience. Share this article Hyperliquid will implement reduced fees for spot trading pairs and open a validator voting process for its USDH stablecoin ticker, the project announced on Discord. The protocol plans to cut taker fees, maker rebates, and user volume contributions by 80% for spot pairs between two spot quote assets in its next network upgrade to…

Stablecoin Startup 1Money Gains 34 US Licenses

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1Money, a company building a layer-1 blockchain for stablecoin payments, has secured 34 US money transmitter licenses and a Class F digital asset business license from the Bermuda Monetary Authority. According to a Thursday announcement, the company plans to launch global “stablecoin orchestration services” through its regulated entities. It aims to provide stablecoin infrastructure, including a dedicated layer-1 protocol, orchestration services and a full suite of compliant fiat solutions. 1Money says its regulated footprint enables it to support both stablecoin and real-world asset (RWA) issuers. Its customers would be allowed…

Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development

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If 2021 has taught us anything about digital currencies, it’s that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC). While the CEO of PayPal and other large corporations are expressing excitement for crypto payments and salaries paid in Bitcoin, executives from Visa, JPMorgan and ING all agree that Bitcoin is still an investment vehicle rather than a currency.  This notion was revealed during a panel discussion entitled “Buying with Bitcoin,” which took place during Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate” online event. Michael…

USDT, USDC, and BUSD represent 93% of stablecoin market cap

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Research from on-chain analytics provider Glassnode has revealed that the top three stablecoins represent more than 90% of the sector’s entire market cap. Glassnode’s April 13 “Week On-chain” report found that the top three stablecoins — Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) — have seen significant growth over the past six months to represent a combined capitalization of more than $60 billion, equal to 92.75% of the stablecoin market. By contrast, six months ago the combined stablecoin capitalization for those three was less than one-third of its…

a Stablecoin Gets Sharia Certified, the IMF Considers Central Bank Digital Currencies

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Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Swiss Crypto Firm X8 AG Receives Islamic Finance Certification for Sharia-Compliant Stablecoin Swiss-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin. According to the X8 director and co-founder, the ETH-based crypto asset is…