The stablecoin market is positioning itself as at the forefront of payments innovation, and that forefront is at an inflection point. On Tuesday (Feb. 25), Bank of America’s CEO Brian Moynihan said in an interview that the bank would “go into” stablecoins if regulation were...
Artificial intelligence (AI) commerce solutions company Rezolve Ai is rolling out a $1 billion bitcoin treasury, a move the company says will support the launch of its cryptocurrency payments platform. The program will start with a $100 million investment, Rezolve said in a Monday (Feb....
Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands and HKT have agreed to form a joint venture to issue a stablecoin backed by the Hong Kong dollar. The new joint venture intends to apply for a license from the Hong Kong Monetary Authority (HKMA) under a new...
At a subcommittee hearing on the current state and future potential of digital assets, lawmakers and witnesses from the crypto and payments spheres — including PayPal — cautioned against a policy of what was repeatedly referred to as regulation by enforcement. And, they said, for...
Businesses hate slow and expensive international payments. But traditionally, firms haven’t had much choice but to accept the status quo of correspondent banks and their corresponding fees. Stablecoins, digital assets tied to real-world money like the U.S. dollar, potentially promise to change that — as...
In an era where cyber threats are escalating in sophistication and frequency, businesses continuing to rely on outdated cybersecurity models might as well be hiding their house keys under the doormat and leaving themselves open to intrusion. While traditional perimeter-based cybersecurity measures and rule-based authentication...
Ondo Finance said Tuesday (Jan. 28) that it will bring tokenized U.S. Treasurys to the XRP Ledger (XRPL). This collaboration will offer institutional investors access to Ondo Short-Term U.S. Government Treasuries (OUSG), which are backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and...
Elon Musk is reportedly considering using blockchain technology at the Department of Government Efficiency (DOGE). Musk, head of the newly created agency, has floated the idea of using a digital ledger to cut government spending, Bloomberg News reported Saturday (Jan. 25), citing sources familiar with...
The marriage of blockchain and traditional finance is a paradoxical relationship. The financial services, banking and payments sectors are among the world’s most regulated. As for blockchain? The Web3 space has traditionally been a bit more of a free-for-all when it comes to regulatory frameworks...
