Nov. 25 (UPI) --Global digital bank Klarna has launched the KlarnaUSD stablecoin, which heralds the bank's support of the $27 trillion global stablecoin market. Sweden-based Klarna is the first bank ...
U.S. Bancorp is testing its own stablecoin on the public blockchain Stellar as part of a broader push into digital assets, according to the Minneapolis-based financial institution. The bank joins a ...
PayPal USD earns 4% annual interest when held in PayPal accounts, while Ripple USD currently offers no yield-generating features. PayPal USD works best in PayPal's own ecosystem with free transfers on ...
Ripple’s (XRP) new stablecoin RLUSD reached $1B market cap within a year of its December 2024 launch. RLUSD transaction volume jumped 210% over 30 days to over $4B. Ripple is piloting RLUSD with ...
The Bank of New York Mellon announced Thursday that it launched a new money market fund designed to support the burgeoning digital asset industry and capitalize on the extended leash U.S. lawmakers ...
BNY (BK) is launching a money market fund, called the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), specifically tailored to stablecoin issuers like Tether and Circle Internet Group (CRCL), it said on ...
The popular Sui blockchain ecosystem is launching USDsui, a new U.S.-compliant stablecoin built using Bridge’s recently introduced Open Issuance platform. Bridge, a Stripe-owned company, provides the ...
Visa is piloting a service allowing US dollar stablecoin payouts to crypto wallets from business accounts funded with fiat currency. Payments giant Visa has launched a pilot in the US, allowing US ...
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. For US$1, users can convert it in-app for exactly 1 USDC ...
TOKYO, Nov 12 (Reuters) - Stablecoin issuers could become major buyers of Japanese government bonds in several years and influence the central bank's control over monetary policy, the head of Japan's ...
Federal Reserve Governor Stephen Miran has predicted that the explosive growth of stablecoins could reshape global capital flows and force U.S. interest rates lower. Miran said demand for ...
Forbes contributors publish independent expert analyses and insights. Bridging the narrowing divide between TradFi and FinTech. The stablecoin has emerged as one of the most powerful and paradoxical ...
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