Miran: The use of stablecoins might lead to lower interest rates
Federal Reserve Insights on Stablecoins and Interest Rates U.S. Federal Reserve President Stephen Milan mentioned on Friday that if stablecoins gain widespread acceptance, central banks might need to maintain lower short-term interest rates than previously expected. Milan highlighted that even modest projections of stablecoin growth could lead to a rise in the availability of loanable […]
Asia Morning Briefing: Bitcoin Stays Steady as Traders Hold Stablecoins Before Fed Decision
Good morning, Asia. Here’s what’s making news in the market: Welcome to Asia Morning Briefing, your daily update on noteworthy news in the markets during U.S. hours, as well as a review of market movements and insights. For a comprehensive analysis of the U.S. market, check out CoinDesk’s Crypto Daybook Americas. Bitcoin was trading at […]
Stablecoins Enter Remittances as Zepz Teams Up with Western Union and MoneyGram in Wallet Competition
Zepz Introduces Stablecoin Wallet Amid Growing Competition in Money Transfers With the rise of stablecoin transfers, leading money transfer companies are stepping up to embrace newer trends in cross-border payments. Zepz, the parent company of WorldRemit and Sendwave, has recently launched its own cryptocurrency wallet focused on stablecoin services for its customers. It seems that […]
Visa Claims Stablecoins Are Driving a New Lending Market
Stablecoins and On-Chain Lending Trends Stablecoins are increasingly viewed as the backbone of what some are calling the “new financing space,” with lending activities on the rise. According to recent insights from Visa, these digital currencies are making a significant impact. In the last five years, loans denominated in stablecoins have reached a staggering $670 […]
PayPal associate mistakenly creates $300 trillion in stablecoins due to a major technical mistake
Paxos Minting Mistake Linked to PayPal’s Stablecoin On Wednesday, Paxos, the blockchain partner of PayPal, inadvertently minted an astounding $300 trillion in stablecoins due to what they termed a “technical error.” Just moments later, the company swiftly burned the extraneous tokens. Observers in the marketplace noticed the unusual activity on EtherScan, which tracks data on […]
Is the G7’s Stablecoins Proposal Actually Positive for Crypto Markets?
Major Banks Explore G7-Backed Stablecoins Ten major banks, including Citi, Deutsche Bank, UBS, Barclays, MUFG, Santander, and Bank of America, are looking into launching stablecoins linked to prominent G7 currencies. This initiative seeks to establish a network of digital tokens that are backed one-to-one by traditional currencies like the US dollar, euro, pound, and yen. […]
Visa to launch Visa Direct for stablecoins
Key Takeaways: Visa is initiating a Stablecoin Prevunding Pilot for account-based transactions using Visa Direct. What’s at stake?: Payment companies are eager to discover a viable use case for stablecoins following the passage of the Genius Act. Looking ahead: The pilot programs are expected to launch on a limited basis in April 2026. Payment companies […]
Stablecoins and Credit Cards: The Upcoming $100B US Payments Showdown
Key takeout Stablecoins are changing the payment landscape by speeding up transactions, lowering costs for cross-border payments, and allowing for programmable rewards, which is way ahead of traditional credit cards. Merchants in the U.S. collectively spend over $100 billion on card fees annually. In contrast, Stablecoins provide quicker and far cheaper payment solutions. With Ripple’s […]
Bank of Canada: Establish a regulatory framework for stablecoins or face consequences
Canada’s Central Bank Advocates for Regulatory Framework on Payment Systems The Bank of Canada is urging the nation to create a robust regulatory framework aimed at modernizing its payment system. This move is seen as essential to keep pace with other countries that are already implementing such measures. “Even if you’re on the right track, […]
Stablecoins Aim for a ‘Network of Networks’ Impact in Global B2B Payments
Payments Stuck in Slow Motion Despite Technological Advances At Global Commerce, it seems payments remain in a bit of a slow lane. For days, working capital can be tied up during transit, with various intermediaries—like correspondent banks and clearing houses—interrupting the flow. However, a new wave of technology is changing the landscape. Stablecoins, which are […]