Search Results for: stablecoins

Paxos Leads Digital Asset Industry by Becoming First Issuer to Disclose Full Monthly Reserve Holdings Backing USDP and BUSD Regulated Stablecoins
Finance News

Paxos Leads Digital Asset Industry by Becoming First Issuer to Disclose Full Monthly Reserve Holdings Backing USDP and BUSD Regulated Stablecoins

Fintech News Desk
by Fintech News Desk0
Paxos will provide unprecedented level of disclosure for digital assets, consistent with federally required disclosures of the most conservative regulated products Paxos, the leading regulated blockchain infrastructure platform, has disclosed the specific financial instruments backing its regulated stablecoins USDP and BUSD. Moving forward, Paxos will provide these detailed disclosures on......
Rob Morgan Named CEO of USDF Consortium of Banks Seeking Increased Access to Stablecoins
Banking News

Rob Morgan Named CEO of USDF Consortium of Banks Seeking Increased Access to Stablecoins

Fintech News Desk
by Fintech News Desk0
Former American Bankers Association Executive to Focus on Membership, Growth, Regulations The USDF Consortium, founded to build a network of banks to further the adoption and interoperability of a bank-minted tokenized deposit (USDF™), announced that Rob Morgan has joined as chief executive officer. Latest Fintech News: Wingsure Partners with AICIL to Provide......
Paxos Applauds New York Department of Financial Services on New Guidance on the Issuance of U.S. Dollar-Backed Stablecoins
Finance News

Paxos Applauds New York Department of Financial Services on New Guidance on the Issuance of U.S. Dollar-Backed Stablecoins

Fintech News Desk
by Fintech News Desk0
Paxos was the first Limited Purpose Chartered Trust for Digital Assets from NYDFS in 2015 Paxos, the leading regulated blockchain infrastructure platform, issued the following statement from its CEO and Co-Founder Charles Cascarilla in response to the New York State Department of Financial Services’ (“DFS”) new Regulatory Guidance, setting foundational criteria for USD-backed stablecoins: Latest......
Jewel Bank Receives Bermuda Bank License to Serve Global Crypto Firms, Issue Stablecoins, Provide Real-Time Settlement Services
Banking News

Jewel Bank Receives Bermuda Bank License to Serve Global Crypto Firms, Issue Stablecoins, Provide Real-Time Settlement Services

Fintech News Desk
by Fintech News Desk0
Jewel Will Be First Non-U.S. Digital Asset Bank to Issue Stablecoins and Serve Global Digital Asset Institutions with Real-Time Settlement Tied Directly to Bank Deposits Jewel Bank, the global banking platform for the digital asset economy, has received approval from the Bermuda Monetary Authority (BMA) for its combined full bank......
APT Systems Supports Regulatory Efforts on Stablecoins
Cryptocurrency Fintech News

APT Systems Supports Regulatory Efforts on Stablecoins

Fintech News Desk
by Fintech News Desk0
APT Systems, Inc., a software development and fintech company, announced it supports efforts by the U.S. Congress to define a regulatory framework—especially as the needs they voiced align so well with rigorous standards under which we’ve developed our Spera stablecoin. “Listening to Senate hearings on cryptocurrencies and stablecoins this week......
After Senate Banking Hearing on Stablecoins, Leader in Digital B2B Payments Cautions Lawmakers that a Solution Already Exists
B2B Banking News

After Senate Banking Hearing on Stablecoins, Leader in Digital B2B Payments Cautions Lawmakers that a Solution Already Exists

Fintech News Desk
by Fintech News Desk0
In response to the U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing “Examining the President’s Working Group on Financial Markets Report on Stablecoins,” Tassat Group Chairman and CEO Kevin R. Greene said: “Between today’s Senate Banking Committee hearing and last week’s hearing before the House Financial Services Committee, it is......
VanEck CEO Says Stablecoins Are More Like Funds Than Banks
Digital Asset Management News

VanEck CEO Says Stablecoins Are More Like Funds Than Banks

Fintech News Desk
by Fintech News Desk0
Global asset manager and leading voice in crypto world points to specific steps regulators should take to keep pace with stablecoin innovation Jan van Eck, CEO of leading global asset manager VanEck, published an op-ed at Barrons.com titled “What the Government’s Recommendations for Stablecoins Got Wrong, and How to Do Better”.......
USDF Consortium Launches To Enable Banks To Mint USDF Stablecoins
Blockchain Fintech News

USDF Consortium Launches To Enable Banks To Mint USDF Stablecoins

Fintech News Desk
by Fintech News Desk0
The USDF Consortium (the Consortium), an association of FDIC-insured financial institutions, launched with a mission to build a network of banks to further the adoption and interoperability of a bank-minted stablecoin (USDF), which will facilitate the compliant transfer of value on the blockchain, removing friction in the financial system and......
President’s Working Group (PWG) Addresses Payment System Risks Associated with Stablecoins
Cryptocurrency Digital Payments Featured

President’s Working Group (PWG) Addresses Payment System Risks Associated with Stablecoins

Sudipto Ghosh
by Sudipto Ghosh0
Stablecoins are fast becoming an alternative to bitcoin payments, even as these hybrid cryptocurrencies already facilitate digital transactions of other cryptocurrencies. In order to regulate the payments risks associated with digital asset trading involving stablecoins, the President’s Working Group on Financial Markets (PWG) released a comprehensive report on stablecoins. The......
DuniaPay Brings Stablecoins to West Africa, With 8% Interest on Savings
Banking Fintech News

DuniaPay Brings Stablecoins to West Africa, With 8% Interest on Savings

Fintech News Desk
by Fintech News Desk0
Stablecoin currencies will play a key role in facilitating money transfer transactions DuniaPay, a full-service banking application that provides residents of African nations with a flexible digital platform to access financial services, has launched a new personal savings feature offering users over 8% annual interest on savings. These interest rates......
1