Stablecoins
Italy to increase oversight of digital asset market
The policy, moving Italy further towards the standards laid out by MiCA, also designates Italy's central bank and market watchdog,...
National Australia Bank kills off stablecoin project
NAB started work on the AUDN stablecoin in 2022 and thought clients would use it to settle cross-border transactions, but...
FSB Plenary praises progress on addressing financial stability risks relating to digital assets
The Financial Stability Board Plenary meeting discussed the general outlook for global financial stability and the progress made in implementing...
UAE central bank approves dirham-backed stablecoins
Aware of its potential to destabilize the financial ecosystem, the Central Bank of the United Arab Emirates is taking a...
PayPal Digital secures NYDFS trust charter
As a cautious approach, U.S. authorities mandate PayPal to prove USD deposits or similar cash equivalents back its PYUSD despite...
Japan’s Nomura bank announces new stablecoin project
Nomura has partnered with the GMO Internet Group to offer stablecoins backed by Japanese yen and U.S. dollars alongside a...
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