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Chainlink’s Cross-Chain Interoperability Protocol (CCIP) might provide a lasting solution to the challenge posed by blockchain fragmentation. In a recent development, the Australia and New Zealand Banking Group (ANZ), one of Australia’s major banks, is taking significant steps toward the launch of its bank-issued stablecoin A$DC. This move follows a successful
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Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink’s Cross-Chain Interoperability Protocol.ANZ’s banking services portfolio lead Nigel Dobson said the transaction was a “milestone” moment for the bank in a Sept. 14 statement:“ANZ
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With the SDK, Hedera wants to bring more stablecoin applications, sparing developers from blockchain hurdles. Hedera, an open-source, leaderless proof-of-stake network, is set to compete with blockchain giants like Ethereum (ETH) in deploying stablecoins with a new toolkit. In a blog post on Sept. 14, Hedera revealed a new open-source tool
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Celo’s inclusion with Opera’s MiniPay wallet augurs well for Africa’s expanding digital finance sector. Opera, the well-known web services provider, has announced intentions to integrate a non-custodial stablecoin wallet built on the Celo blockchain into its mobile web browser. This product, dubbed “MiniPay”, is intended to empower Opera’s enormous user base across the
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Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets.According to the report, the total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million
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Speaking of security, we can’t ignore the stablecoin’s blacklist function. To be clear, other leading stablecoins, such as Circle's USDC and Tether's USDT, use a built-in blacklisting mechanism to combat hackers and criminals from accessing them. Using a blacklist is practically an industry standard. Source
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"This close integration with Circle’s USDC APIs allows institutions to bring millions of dollars in a single swipe into crypto and into USDC, and have those assets reside in their Qredo non-custodial wallet,” said Ben Whitby, Qredo’s head of strategic partnerships in an interview with CryptoX. “It’s literally from fiat
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In a Sept. 11 post on X, Mountain Protocol announced the launch of USDM, an ERC-20 yield-bearing stablecoin. Mountain Protocol, granted a digital asset business license by the Bermuda Monetary Authority, can now issue, sell, and redeem USDM. The thread on X (formerly Twitter) claims that the token is fully backed by short-term U.S.
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The Federal Reserve Bank vice chairman spoke at the Philadelphia Fed’s fintech event on Sept. 8 about what the central bank’s role is in financial innovation. Research and supervision was the short answer, with a nod to the FedNow Service.Along with the standard disclaimer about it making no decisions without
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Circle said that businesses and institutions can access on/off-ramps for $USDC to OP Mainnet and Base through Circle Account. Circle’s native stablecoin USDC has recently launched on two Layer-2 networks – Base and Optimism. this launch will allow the Circle account holders to send USDC from their accounts to either of
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