Fidelity Investments is gearing up to launch its own stablecoin as part of its expansion into digital assets, coinciding with new regulations for cryptocurrencies in the US. This Boston-based firm is currently testing its token designed for cryptocurrency markets. This move aligns with Fidelity’s plans to compete in the tokenized US Treasury Market, directly challenging ...
World Liberty Financial, a decentralized finance initiative endorsed by Donald Trump and his family, has introduced a new stablecoin called USD1. This digital currency is pegged to the U.S. dollar and is backed by short-term U.S. government securities and cash equivalents. Set to launch on Ethereum and Binance Smart Chain, USD1 aims to offer reliable ...
World Liberty Financial, a decentralized finance venture supported by Donald Trump and his family, has announced the launch of its new stablecoin, USD1, pegged to the U.S. dollar. Set to operate on Ethereum and Binance Smart Chain, USD1 is backed by U.S. government treasuries and cash equivalents. Co-founder Zach Witkoff emphasized that this stablecoin offers ...
Lava has created a self-custodial Bitcoin borrowing platform, allowing users to borrow against their Bitcoin without losing control of their assets. Their main product, the Lava Vault, combines a secure wallet with borrowing features, using advanced security measures to keep funds safe. Users can access liquidity through loans in dollars while still holding their Bitcoin, ...
World Liberty Financial (WLFI), a decentralized finance platform associated with Donald Trump, is rumored to be testing its dollar stablecoin, World Liberty Financial USD (USD1). Blockchain analysts have reported increased activity surrounding USD1 on Ethereum and BNB Chain, indicating preparations for a broader public launch. Notably, prominent figures in the crypto space, such as Binance’s ...
MEXC Ventures, part of the global cryptocurrency exchange MEXC, has invested $16 million in Ethena, a forward-thinking player in the stablecoin arena. Along with this investment, MEXC has acquired $20 million in USDe, Ethena’s innovative synthetic dollar, to encourage its use in the crypto Market. This move highlights MEXC’s commitment to enhancing the adoption of ...
Wirex, a Web3 money app, has received its digital currency exchange registration in Australia, enabling it to operate legally in the country. This move emphasizes Wirex’s dedication to regulatory compliance and security, enhancing its crypto services for Australian users. The registration helps ensure the prevention of financial crimes like money laundering and fraud while providing ...
At a recent forum hosted by South Korea’s Democratic Party, financial experts urged the government to consider adding bitcoin to its national reserves and to develop a won-backed stablecoin. With the U.S. planning to create a “national strategic reserve of cryptocurrencies,” experts argue that South Korea must respond clearly to remain competitive. They highlighted the ...
Tether, a stablecoin operator, has frozen $27 million in USDt on Garantex, a Russian crypto exchange, leading to the platform’s temporary shutdown. Garantex announced on Telegram that all services, including withdrawals, are suspended while the site undergoes maintenance. This action follows sanctions imposed by the European Union on Garantex due to its ties to Russian ...
WSPN has announced that its stablecoin, WUSD, can now be used at Metro Department Store through dtcpay’s payment solution. This collaboration aims to introduce stablecoins into everyday retail, making it easier for shoppers in Singapore to make purchases using WUSD. Shoppers can now pay directly at checkout, enhancing the accessibility of digital currencies. As a ...
