So, there's this big crypto exchange in Latin America called Ripio. It's got over 25 million users, which is a lot! They just came out with something new: a digital currency called wARS. It's tied to the Argentine peso, so it's stable, just like the peso. You can use it on Ethereum, Coinbase's Base, and World Chain. This is a big deal because it lets people send and...
Mastercard is making a bold move into the crypto world. They are close to buying Zero Hash for around $1. 5 to $2 billion. This isn't just another company playing around with digital money. It's a big step towards changing how money moves around the world. Zero Hash is like the hidden engine that powers many crypto projects. It's been around since 2017 and has all t...
Stablecoins, digital money tied to the dollar's value, are becoming a hit for everyday spending. This surge in use is partly thanks to new rules set by the U. S. government in July. These rules were the first of their kind, aiming to bring some order to this part of the cryptocurrency world. In August alone, over $10 billion worth of stablecoins were used for buying...
Mastercard is making waves in the crypto world. They are close to buying Zerohash, a startup that helps with stablecoins and blockchain tech. Zerohash, based in Chicago, was founded in 2017. They help companies with crypto payments and trading. This deal is huge, around $2 billion. It shows how big companies are betting big on crypto. Mastercard wasn't the only one ...
The Federal Reserve is opening a new door for stablecoin companies. On October 21, Governor Christopher Waller proposed a special payment account. This account lets stablecoin issuers and crypto firms access Fed payment systems. But it doesn't give them full access like regular banks. This is a big change. The Fed has been careful about working with crypto firms. No...
The Federal Reserve is considering a new idea: a "skinny" account for crypto firms. This account would give them limited access to the Fed's payment system. It's not the full deal, but it's a step forward. This idea comes from Christopher Waller, a Fed governor. He thinks it could help stablecoin companies. These companies issue digital money that's tied to the valu...
There's a new player in town, and it's shaking things up in the world of decentralized finance (DeFi) and artificial intelligence (AI). USD. AI is a fresh stablecoin protocol that's trying to bridge the gap between the two industries. It's taking the stablecoins sitting idle in DeFi and turning them into loans for Nvidia GPUs, which are in high demand for AI developm...
Tether, the company behind the popular cryptocurrency USDT, is on a roll. They're expecting to make around $15 billion in profit this year. That's a lot of money! But how are they doing it? Well, more and more people are investing in cryptocurrencies. And Tether's USDT is one of the most popular stablecoins out there. Stablecoins are like the steady friends in the w...
The world of digital money is getting serious. A recent report highlights that crypto is no longer just a trend but a major player in the global economy. Bitcoin, the most well-known cryptocurrency, now holds over half of the market share, and its value is comparable to that of major companies like Meta and Saudi Aramco. However, it's still far behind gold in terms o...
XDC Network, a blockchain platform, has taken over Contour, a digital trade finance platform. Contour, once supported by big banks like HSBC and Citi, faced challenges and closed down in late 2023. Now, under XDC's leadership, it's getting a fresh start with new funds and a plan to use stablecoins in real-world trade. The move comes as banks worldwide are looking in...