PYMNTS-MonitorEdge-May-2024

stablecoins

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

Source: en.wikipedia.org

Sling Money Raises $15 Million for Money Transfer App
Sling Money Raises $15 Million for Money Transfer App
August 15, 2024  |  Investments

Stablecoin-centric money transfer app Sling Money has raised $15 million in new funds. Sling’s app combines stablecoin technology “with a user-friendly interface” and integration with fiat payment...

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OwlTing Integrates Digital Wallet With Stellar Blockchain
OwlTing Integrates Digital Wallet With Stellar Blockchain
August 02, 2024  |  Mobile Wallets

OwlTing Group integrated its digital wallet, OwlPay Wallet Pro, with the Stellar blockchain to support the USDC stablecoin on Stellar. The integration will expand the...

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Corporate America Moving On-Chain and Regulatory Clarity Propel Coinbase Earnings
Corporate America Moving On-Chain and Regulatory Clarity Propel Coinbase Earnings
August 02, 2024  |  Earnings

The crypto industry is an unpredictable one. For years it has been defined by giant surges in value, as well as equally momentous drops. And...

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Report: State Street Considering Several Blockchain-Based Projects
Report: State Street Considering Several Blockchain-Based Projects
July 17, 2024  |  Blockchain

State Street is reportedly looking at a number of options for settling payments on blockchain. The financial services and banking firm is considering creating its...

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Instant Payments Versus Stablecoins: The Race to Rule Real-Time Transactions
Instant Payments Versus Stablecoins: The Race to Rule Real-Time Transactions
July 11, 2024  |  Payment Methods

The future of money movement is accelerating globally. With real-time payments on the U.S. RTP® Network and in Europe setting new usage records, and awareness...

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Payments, Penalties and TradFi Adoption Define This Week in Web3
Payments, Penalties and TradFi Adoption Define This Week in Web3
July 10, 2024  |  Blockchain

Crypto is as crypto does. And crypto is, by all appearances, trying to do better. The European Union’s (EU) landmark Markets in Crypto-Assets Act (MiCA)...

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Singapore Bank DBS Forges Stablecoin Custody Pact With Paxos
Singapore Bank DBS Forges Stablecoin Custody Pact With Paxos
July 02, 2024  |  Cryptocurrency

Singapore’s DBS Bank is reportedly set to begin a custody service for stablecoin reserves. It’s part of a collaboration between the city-state’s largest lender and a local...

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As MiCA Goes Live, Is Crypto Entering Its Regulation Era?
As MiCA Goes Live, Is Crypto Entering Its Regulation Era?
July 01, 2024  |  Cryptocurrency

Crypto and Web3 firms have been asking for more regulatory clarity for years. And now, with the news Sunday (June 30) that the European Union’s...

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Circle Attains EMI License From France, Achieves MiCA Compliance
Circle Attains EMI License From France, Achieves MiCA Compliance
July 01, 2024  |  Cryptocurrency

Circle has attained an Electronic Money Institution (EMI) license from the French banking authority, thereby achieving compliance with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulatory...

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