On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into the sandbox does not imply endorsement or support for […]
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron, Circle said it is still committed to growing […]
On Monday, Tether, the leading issuer of stablecoins, revealed its role as the lead investor in the Series A funding round of mobile payment startup Oobit, which successfully garnered $ 25 million. The investment round saw contributions from notable entities such as Titan Fund, Solana’s Anatoly Yakovenko, and 468 Capital. Oobit Secures $ …
Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle comes just a day after the SEC authorized […]
Bored Gen DMCC, the issuer of islamic coin, has cooperated fully with the Virtual Assets Regulatory Authority’s ongoing investigation into the token’s issuance and distribution. Bored Gen, however, still needs to “secure appropriate approvals” before it undertakes to distribute the islamic coin (ISLM) in the Dubai market. BG Undertook Remedial Measures The United Arab …