Stablecoin issuer Tether is reportedly talking with one of the Big Four accounting firms about doing an audit of its reserves. Tether CEO Paolo Ardoino said an audit is “our top priority,” but did not specify which accounting firm the company is talking with or when the...
When financial institutions and payments players talk about their “blockchain strategy” today, what they’re really grappling with is architecture. Amid the noise surrounding crypto, tokens and Web3 hype cycles, the most consequential choice for builders, product leaders and decision-makers in the financial services and payments...
Circular Protocol, Arculus by CompoSecure and IT Lab said Thursday (March 20) that they plan to launch a blockchain-compliant ecosystem for healthcare providers in the U.S. market in the second quarter. The companies’ solution will integrate into clinical networks and serve as the secure passkey for recording,...
The one constant throughout crypto’s history has been the same question: Where is the sector headed next? For crypto markets, the answer appears, at least for the past few days, to be “down.” The price of bitcoin and other popular digital assets have plummeted, with...
Payment stablecoins, blockchain and other digital innovations, including tokenization, will enable more efficient money movement across the globe, while ensuring primacy of the U.S. dollar in transactions and trade, executives and other industry experts told lawmakers Tuesday (March 11). During testimony and under questioning by...
The stablecoin market is positioning itself as at the forefront of payments innovation, and that forefront is at an inflection point. On Tuesday (Feb. 25), Bank of America’s CEO Brian Moynihan said in an interview that the bank would “go into” stablecoins if regulation were...
Artificial intelligence (AI) commerce solutions company Rezolve Ai is rolling out a $1 billion bitcoin treasury, a move the company says will support the launch of its cryptocurrency payments platform. The program will start with a $100 million investment, Rezolve said in a Monday (Feb....
Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands and HKT have agreed to form a joint venture to issue a stablecoin backed by the Hong Kong dollar. The new joint venture intends to apply for a license from the Hong Kong Monetary Authority (HKMA) under a new...
At a subcommittee hearing on the current state and future potential of digital assets, lawmakers and witnesses from the crypto and payments spheres — including PayPal — cautioned against a policy of what was repeatedly referred to as regulation by enforcement. And, they said, for...