Cryptocurrency investors are reportedly exiting the decentralized finance (DeFi) space following two high-profile hacks. Close to $14 billion has been pulled from DeFi projects in recent weeks, the Financial Times (FT) reported Wednesday (May 6), citing the data firm DefiLlama. This came after hackers tied...
Visa’s global stablecoin strategy has expanded to Canada for the first time through a collaboration of Visa Canada and financial company Wealthsimple. The companies are collaborating on a stablecoin settlement pilot program in Canada, joining Visa’s global pilot program that is now processing billions in...
Tetra Digital Group has launched a payment stablecoin backed 1:1 by Canadian dollars after receiving regulatory approval from Alberta Treasury Board and Finance. The CADD stablecoin is now live on Base, Ethereum and Tempo, and it will soon be live on Solana, the company said...
The Depository Trust & Clearing Corporation (DTCC) is planning a fall launch for its tokenization service. DTCC announced Monday (May 4) that it plans to facilitate limited production trades of real-world assets tokenized using its tokenization service in July before a wider launch in October. “Our vision...
The stablecoin market is moving fast in two directions at once. One path leads toward greater financial integration and the other toward greater regulatory scrutiny. The two are increasingly inseparable. In the past week alone, a flurry of announcements from major financial and technology players...
Consumer FinTech company OnePay aims to add stablecoin payouts and account funding to its banking product through a new partnership with the Tempo blockchain. After initially focusing on stablecoin payouts and instant account funding, the collaboration will expand into additional use cases over time, the...
The Solana blockchain is ready to meet the threat of quantum computing, the Solana Foundation said in a Monday (April 27) blog post. While that threat is years away, Solana has a well-researched plan ready for when it is needed, the group said in the post. Two of Solana’s validator client developers, Anza and Firedancer, have...
Luxembourg-based financial services company Banking Circle said it has launched stablecoin settlement services. The new offering, announced Monday (April 27), includes fiat-to-stablecoin and stablecoin-to-fiat capabilities from Banking Circle’s core platform, and follows the company’s receipt of a crypto-asset service provider (CASP) license earlier this month....
Morgan Stanley Investment Management (MSIM) has launched a new government money market fund designed to meet the needs of payment stablecoin issuers that are looking to invest the reserves that back their outstanding payment stablecoins. The new Stablecoin Reserves Portfolio (MSNXX) is designed to align with the stablecoin...