Tag: stablecoins
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Samsung will put USDC transfers on 82 million American Galaxy phones, and charge nothing for them
The fee Samsung waives is only one of the fees in a remittance, and nobody has published the others.
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Moody’s rated a stablecoin protocol for the first time, and found $90 million of capital under $10 billion of assets
Sky now has two credit ratings to show institutions, and both say the same uncomfortable thing about its cushion.
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A payments firm is suing Tether over $2.76 million it froze a year ago and never gave back
Conduit says no police force asked for the freeze, which leaves the question of who an issuer answers to when it acts alone.
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Cardano now lets token issuers freeze and seize, and has no issuer to show for it yet
The compliance standard went live without a hard fork, and without a named stablecoin, fund or bond using it.
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Washington has labelled Russia’s A7 payment network a criminal organisation, ruble token and all
Treasury says $179 billion moved through A7’s stablecoin, which shows both the scale of the network and the limits of sanctioning a token.
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Circle wants Europe to stop making stablecoin issuers park so much cash in banks
The European Central Bank agrees with the USDC issuer on reserves, which makes this round of the MiCA review harder to wave away as…
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Lloyds settled $750,000 with Visa in USDC, weekends included, in under an hour
The pilot shows a stablecoin can move bank money while banks are shut, but $750,000 over a week is a rounding error for either…
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A Senate report says Tether’s dollar token is how Iran moves money around sanctions
Tether points to $550 million it has helped freeze, and the report’s author wants the Justice Department to decide whether that is enough.
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Citi will let its corporate clients take stablecoins without ever holding one
Making the tokens invisible to merchants may be the only way corporate finance teams were ever going to accept them.
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The Fed has written its stablecoin rules, two months after the law said they were due
The central bank wants reserves as safe as cash, and one of its own governors thinks its money laundering bar is set too high.