Standard Chartered Bank, Animoca Brands, and HKT have formed a joint venture to pursue a stablecoin issuing license from the Hong Kong Monetary Authority. ‘Digital Assets Here to Stay’ Standard Chartered Bank (Hong Kong), Animoca Brands, and HKT recently agreed to form a joint venture to pursue a stablecoin issuing license from the Hong Kong […]
Plasma, a startup focused on developing a blockchain tailored for stablecoin transactions, has raised $ 20 million in a Series A funding round led by Framework Ventures, following an earlier $ 4 million seed round. The investment, which includes participation from notable figures such as Peter Thiel and Tether CEO Paolo Ardoino, aims …
Ardoino shot down the JPMorgan report that suggested his firm may be forced to liquidate bitcoin to comply with upcoming stablecoin regulation. Tether’s Paolo Ardoino Addresses JPMorgan’s Warning on Stablecoin Regulation JPMorgan (JPM) published a report on Wednesday warning stablecoin giant Tether, that it could be forced to liquidate some of its bitcoin (BTC) holdings […]
Tether, the largest company in the digital assets industry, announced a strategic investment in Zengo Wallet, a keyless yet self-custodial crypto wallet. Since its launch in 2019, Zengo has served over 1.5 million users without a single wallet being compromised, thanks to its innovative approach that eliminates traditional seed phrase vulnerabilities. The partnership will enhance […]
Metrics reveal Ripple’s newly minted stablecoin, RLUSD, has eclipsed the $ 100 million threshold mere weeks after its mid-December 2024 debut. RLUSD Supply Climbs to 108M As of Feb. 12, 2025, the broader stablecoin arena boasts a valuation of $ 224.367 billion. While RLUSD’s slice of this financial pie remains extremely modest, its …