Tether has disputed a media report that its stablecoin is increasingly being used for illicit activities. The Wall Street Journal (WSJ) reported Friday (Oct. 27) that the stablecoin Tether is increasingly being used in money laundering, terror financing and sanctions evasion. The report cited information from indictments, blockchain...
Circle Internet Financial and Coins.ph, a cryptocurrency exchange and digital wallet provider, have announced a partnership to promote financial inclusion through remittances in the Philippines. The collaboration aims to raise awareness about the benefits of using USDC, a regulated and fully-backed digital dollar, for secure, low-cost and...
Tether has seen its market capitalization fall for the first time in nine months amid a shaky stablecoin market. Tether’s USDT token’s market cap fell 1.2% to $82.9 billion in August, Bloomberg News reported Saturday (Sept. 2), citing information from researcher CCData. That organization also said the entire stablecoin...
To regain access to a steady flow of dollars, Binance.US, the American arm of the cryptocurrency exchange, has teamed up with MoonPay, a payment startup. Binance.US has faced numerous legal and financial challenges recently, with multiple banking partners cutting ties with the platform, leaving customers...
May 19, 2023
To access central bank accounts in the European Union (EU) today, electronic money token (EMT) issuers, and by extension all electronic money institutions (EMIs), have no choice but to rely on banking partners. That lack of direct access to fiat settlement affects stablecoin issuers like Circle — the regulated FinTech behind the USD coin (USDC), […]
May 18, 2023
Innovations that transform the world historically rest on revolutionary, but above all viable, use cases. Utility is instrumental to adoption, and as money movement becomes increasingly digitized, central bank digital currencies...
April 03, 2023
Digital is often a one-way street, and the finance sector appears to be taking it. This is as the future of money movement looks set to reach a crescendo this...
December 15, 2022
Bad crypto news has brought a big opportunity for traditional banks to advance tokenized deposits. Add in the unreliable, peg-breaking status of so-called stablecoins, as well as a swirl of...
May 29, 2024
Stablecoin issuer Circle says it has officially launched in Brazil. The expansion into South America’s largest country gives Circle the chance to offer its popular USD Coin to new users, the company said Wednesday (May 29). “The move comes at a time of exponential fintech adoption resulting from pro-innovation policies and initiatives, such as the […]
October 27, 2023
Tether has disputed a media report that its stablecoin is increasingly being used for illicit activities. The Wall Street Journal (WSJ) reported Friday (Oct. 27) that the stablecoin Tether is increasingly being used...
October 11, 2023
Circle Internet Financial and Coins.ph, a cryptocurrency exchange and digital wallet provider, have announced a partnership to promote financial inclusion through remittances in the Philippines. The collaboration aims to raise awareness about...
September 03, 2023
Tether has seen its market capitalization fall for the first time in nine months amid a shaky stablecoin market. Tether’s USDT token’s market cap fell 1.2% to $82.9 billion in August,...
