Pakistan is ramping up efforts to enter the world of stablecoins and blockchain technology, considering the launch of a rupee-backed stablecoin and a central bank digital currency (CBDC) to boost financial inclusion and tap into a $25 billion crypto-driven growth opportunity. Banking leaders and regulators are pushing for swift adoption and regulation, aiming to ensure…
Japan has made a major leap in the global stablecoin race with the official launch of JPYC, the country’s first fully yen-backed and regulated stablecoin. This Tokyo-based fintech innovation not only marks a milestone for the Japanese payment system but is already drawing significant attention from the crypto news, blockchain technology, and crypto pur sectors globally. A Major Leap for…
Stablecoins are rapidly transforming the global digital economy, becoming a macroeconomic powerhouse with transaction volumes now rivaling traditional financial networks. According to a recent report from Andreessen Horowitz (a16z), stablecoins processed a staggering $46 trillion in global transactions over the past year, a 106% year-over-year surge highlighting mainstream institutional and fintech adoption as blockchain technology…
Several of China’s leading technology companies, including Ant Group and JD.com, have suspended their stablecoin projects in Hong Kong following direct intervention from Beijing regulators. The move, which has made waves across global crypto news, underscores China’s determination to maintain firm control over digital currency issuance and its evolving stance toward the semi-autonomous city’s ambitious blockchain technology initiatives. Beijing regulators halt private stablecoin ambitions According…
Visa, one of the world’s leading payment technology companies, has stepped up its blockchain strategy by broadening stablecoin support on its global settlement platform. The company now enables transactions using a wider range of stablecoins including Global Dollar (USDG), PayPal USD (PYUSD), and Euro Coin (EURC) and supports two additional blockchain networks, Stellar and Avalanche….
JPMorgan Chase has taken a major step toward bridging traditional finance with the digital asset economy by partnering with leading crypto exchange Coinbase. This collaboration will allow Chase credit card customers to buy cryptocurrencies directly, redeem loyalty points for stablecoin rewards, and seamlessly link their banking to crypto services all moves that signal a deepening…
In a pivotal move for Asia’s digital asset industry, the Hong Kong Monetary Authority (HKMA) will begin enforcing its much-anticipated stablecoin regulatory framework this Friday. The regulatory rollout kicks off with a six-month transition period, ushering in temporary licenses and stricter compliance measures for stablecoin issuers. This phased approach underscores Hong Kong’s effort to balance…
Interactive Brokers, a major player in the global trading industry, is reportedly considering a significant expansion of its cryptocurrency services, which could include the launch of its own proprietary stablecoin. This move positions the brokerage giant alongside other traditional finance titans like JPMorgan Chase, Citigroup, and Bank of America, all of whom are exploring the burgeoning…
