Stripe has acquired Privy, a cryptocurrency wallet infrastructure developer, for an undisclosed amount, highlighting the global payment processor’s growing pivot toward digital assets. Privy confirmed the acquisition on Wednesday in an announcement o
Japanese financial services group SBI Group stated it invested $50 million in stablecoin issuer Circle during the company’s upsized initial public offering (IPO) debut on the New York Stock Exchange (NYSE) last week. The allocation was split equally
A South Korean lawmaker unveiled a new bill on Tuesday to further establish a regulatory framework around crypto, including a new licensing regime for stablecoins.Min Byeong-deok, a lawmaker for the ruling democratic party, said today in a press conf
South Korea’s newly elected president Lee Jae-myung is fast-tracking his campaign promise to allow the issuance of domestic stablecoins, as his party has moved forward with a crypto bill.Lee’s ruling Democratic Party proposed the Digital Asset Basic
Société Générale-Forge, the crypto subsidiary of French financial services company Société Générale, has launched a new US dollar-pegged stablecoin.According to a June 10 announcement, the stablecoin, dubbed USD CoinVertible (USDCV), will be issued o
French bank Societe Generale will launch a dollar-backed stablecoin via its crypto subsidiary SG-FORGE, becoming the first major European lender to launch a dollar-pegged cryptocurrency in the booming market for stablecoins.The cryptocurrency, calle
Resolv will be listed on KuCoin, which is a top global exchange. Traders will be able to buy and sell RESOLV with USDT, which could bring attention to both the token and its stablecoin, USR, which is backed by Ether and Bitcoin. The listing makes it
Ridesharing giant Uber is in the “study phase” of using stablecoins to help reduce the costs of moving money around the world, says its CEO Dara Khosrowshahi.Khosrowshahi said on stage at the Bloomberg Tech Summit in San Francisco on June 5 that Uber
Improving regulatory clarity in the United States may push Bitcoin past $150,000 during the current market cycle, according to Alice Li, investment partner and head of US at crypto venture capital firm Foresight Ventures.Speaking during Cointelegraph
A stablecoin-regulating bill will soon be on the US Senate floor for debate, and crypto lobbying groups have called on lawmakers to focus on passing the bill, as some senators have flagged possible amendments.The Guiding and Establishing National Inn
Palmer Luckey, the co-founder and CEO of the defense-tech firm Anduril, is set to lead fresh financing for the stablecoin startup Atticus, which is currently in stealth mode, Axios reports citing numerous sources. Atticus was founded by Owen Rapaport
By Paul R. La MonicaBitcoin is back after a rough patch, surging above $110,000. Yet, some stocks in the digital assets universe aren't all riding the wave as well as others. A notable example is Coinbase and Robinhood.Shares of the two retail broker
By Gina Heeb and Justin BaerThe nation's biggest banks are exploring whether to team up to issue a joint stablecoin, a step intended to fend off escalating competition from the cryptocurrency industry.The conversations have so far involved companies
Update May 16, 11:24 am UTC: This article has been updated to add comments from Ran Goldi, senior vice president of payments and network at Fireblocks.A report from enterprise-grade digital assets platform Fireblocks shows that 90% of institutional p
Stablecoin regulation is “the next catalyst” for the crypto industry and could lead to unprecedented “appetite from institutional investors,” according to Ash Pampati, head of ecosystem at the Aptos Foundation.In an interview with Cointelegraph at Co
U.S. lawmakers are nearing agreement on a Senate stablecoin bill, with one source familiar with the negotiations saying the parties are "90% there" on the terms. Remaining issues center on ethics rules for special government employees, including bill
A surprise wave of cash crashed into the crypto world, jolting prices and waking up sidelined investors. In just three weeks, over $35 billion flowed into digital coins. Numbers like that don’t come along every day. It feels like a fresh breeze after
USD Coin announces that Nikhil Chandhok, сhief Product and technology officer at Circle, will speak on the Circle payments network during the PayFi Summit at Accelerate, organised by Huma Finance and the Solana Foundation, on May 20th in New York.USD
Proponents of a bill to regulate stablecoins in the US Congress will likely take up another vote on the legislation in a matter of days without responding to concerns about President Donald Trump’s financial ties to the cryptocurrency industry.The Gu
Coinbase has partnered with Canadian stablecoin issuer Stablecorp in a bid to expand access to tokenized Canadian dollars, a company executive told Cointelegraph during the Blockchain Futurist Conference in Toronto.According to Coinbase Canada's CEO,