Tag: stablecoin
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Bloomberg Intelligence Strategist Forecasts Potential $10,000 Bitcoin Price by 2026, Citing Stablecoin Dominance and Macroeconomic Headwinds
Bloomberg Intelligence senior commodity strategist Mike McGlone has presented a stark outlook for Bitcoin (BTC), suggesting a significant price correction could see the flagship cryptocurrency revisit levels around $10,000 by 2026. This forecast is underpinned by a belief that major structural shifts are occurring within the digital asset landscape, with stablecoins poised to play an…
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Aptos Foundation, HashKey MENA, and Daya Launch Pilot for Regulated B2B Stablecoin Corridor Linking MENA and Africa
A groundbreaking pilot program, officially launched on June 4, has set out to establish a regulated business-to-business (B2B) stablecoin payment corridor, directly connecting the Middle East and North Africa (MENA) region with the African continent. This ambitious initiative, spearheaded by the Aptos Foundation, HashKey MENA, and pan-African infrastructure provider Daya, aims to facilitate seamless cross-border…
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Tether and the Government of Georgia Partner to Launch GELT Stablecoin Pegged to the Georgian Lari
Tether, the preeminent issuer of the world’s most liquid stablecoin, has officially entered into a strategic partnership with the Government of Georgia to facilitate the development and launch of GEL₮, a digital asset pegged one-to-one with the Georgian Lari (GEL). This landmark initiative represents a significant evolution in the intersection of sovereign finance and blockchain…
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The CLARITY Act Nears Crucial Senate Vote Amid Ethics and Stablecoin Debates
Former Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger has indicated that a decisive Senate vote on the CLARITY Act, a pivotal crypto market structure bill, could occur as early as the week of July 20. This anticipated legislative action positions the measure at a critical juncture just weeks before the Senate’s August recess, a…
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Federal Reserve Proposes Mandatory Customer Identification Programs for Stablecoin Issuers to Combat Illicit Finance under the GENIUS Act
The Federal Reserve Board, in coordination with the Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the Currency (OCC), has formally issued a proposal that would require certain payment stablecoin issuers to implement and maintain robust customer identification programs (CIP). This regulatory move, announced in a joint press release on Thursday,…
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U.S. Financial Regulators Miss Key GENIUS Act Deadline, Leaving Stablecoin Framework in Limbo
United States financial regulators have failed to meet the July 18 rulemaking deadline for the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, leaving the nascent framework for payment stablecoins largely reliant on a series of incomplete and unfinalized proposals. While this delay does not invalidate the landmark legislation, it introduces significant uncertainty…
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Gyeonggi Province to Launch Blockchain Stablecoin Pilot in Bid to Revolutionize Regional Currency and Public Disbursements
Gyeonggi Province, the most populous administrative division in South Korea and a central hub for the nation’s technological innovation, has announced a strategic initiative to launch the first phase of a proof-of-concept (PoC) for a blockchain-based stablecoin. Scheduled to commence in August, the project represents a significant step in the province’s exploration of decentralized ledger…
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Tron Surpasses Solana to Lead Blockchain Networks in Daily Active Users Driven by Stablecoin Dominance
Tron has surged to the forefront of major blockchain networks, achieving a remarkable milestone of over 4 million daily active users (DAU). This significant growth trajectory has propelled Tron past its closest competitor, Solana, to claim the undisputed top position in user engagement. Crucially, this ascendance is not fueled by the speculative frenzy of Decentralized…
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Visa Unveils Enterprise Stablecoin Platform, Paving the Way for Mainstream Digital Asset Integration
Visa, a global leader in digital payments, has launched a new enterprise-grade platform designed to empower banks, fintech companies, and payment providers to seamlessly issue, hold, and transfer stablecoins across its extensive payments network. Dubbed the Visa Stablecoin Platform (VSP), this innovative offering represents a significant stride in bridging the traditional financial ecosystem with the…
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Aptos Foundation, HashKey MENA, and Daya Launch Pilot for Regulated B2B Stablecoin Payment Corridor Connecting MENA and Africa
The Aptos Foundation, in collaboration with HashKey MENA and Pan-African infrastructure provider Daya, has initiated a significant pilot program aimed at establishing a regulated business-to-business (B2B) stablecoin payment corridor. Launched on June 4th, this initiative seeks to bridge the financial ecosystems of the MENA (Middle East and North Africa) region and the African continent, with…
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