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BRICS Countries Planning Stablecoin to Reduce Dollar Dependency

BRICS nations aim to reduce USD dependency with their own stablecoin, potentially backed by gold.

Singapore Establishes Crypto Task Forces to Combat Digital Crimes

Singapore's Attorney General's Office has formed two task forces to address technology-related crimes and virtual currencies. Learn how these forces aim to combat cybercrime and keep up with the latest tech advancements. Singapore's Attorney General's Office has taken a proactive approach to combat digital crimes...

Binance Accelerates Stablecoin Development in Japan

Binance, the world's largest crypto exchange, is forging ahead with its expansion in the East, potentially launching new stablecoins in Japan in partnership with a prominent financial institution. Binance, the global cryptocurrency exchange giant, is showing no signs of slowing down its efforts in the...

Tether and Lugano City of Switzerland Collaborate to Develop Blockchain Infrastructure

Tether, the issuer of the stablecoin USDT, has announced a partnership with the Swiss city of Lugano to enhance the city's blockchain infrastructure, according to a report released by Tether on August 22. As part of the partnership, Tether will host and operate a transaction...

PayPal to Launch PYUSD on DeFi Platforms in the Future

PayPal stablecoin PYUSD, is set to become available on decentralized finance (DeFi) platforms at a later date, according to one of the company's insiders. In an interview on the Unchained Podcast, Jose Fernandez da Ponte, PayPal's senior VP of blockchain, crypto, and digital currencies,...

Federal Reserve Tightens Supervision on Banks Involved in Crypto and Stablecoin Activities

The Federal Reserve has initiated the Novel Activities Supervision Program to enhance the supervision of all banking organizations involved in crypto, distributed ledger technology, and technology-driven partnerships with nonbanks. The move is to ensure that regulation and supervision allow for innovations that improve financial...