(source: en.wikipedia.org)
Federal Reserve Governor Christopher Waller is promoting stablecoin usage while blasting central bank digital currencies. During a speech Sunday (May 31) in Croatia, Waller said the global spread of stablecoins could increase the influence of U.S. central bank policy. “Countries that adopt it, it’s like...
The stablecoin industry has spent years trying to prove one thing above all else: that blockchain-based money can move faster, cheaper and more efficiently than the financial infrastructure it hopes to replace. This week, the industry produced another wave of evidence that the technology itself...
Cash App is rolling out its stablecoin payment feature. “Stablecoin send and receive is now available for all eligible customers on Cash App,” the Block-owned company said in a Wednesday (May 27) press release. “[S]tablecoins on Cash App convert to U.S. dollars automatically, meaning no...
Explore more conversations like this From the Block. Today’s payments stack was designed to be human-first. But on the latest episode of “From the Block,” J. Christopher Giancarlo, former Commodity Futures Trading Commission (CFTC) chair and co-founder of the Digital Dollar Project, said the next...
United Texas Bank aims to become the bridge between the cryptocurrency industry and traditional financial institutions now that it secured approval from the Office of the Comptroller of the Currency (OCC) to become a nationally chartered bank, CoinDesk reported Wednesday (May 27). Before the conversion...
Stablecoins brought U.S. dollar-equivalents to users outside of the U.S. regulatory system. Now, the cryptocurrency and FinTech industries want to bring those same digital dollars inside the system. Using the same blockchains as they do on the outside. And with the passage of the GENIUS...
SoFi Technologies’ bank-issued, U.S. dollar-backed stablecoin SoFiUSD is now available for SoFi members to buy, sell, hold and convert directly within the SoFi app. “Members can access SoFiUSD starting today, with full availability expected by early June as users update to the latest version of...
Coinbase has introduced a “new and improved” Direct Deposit feature for its U.S. customers. This feature allows U.S. customers to automatically allocate any portion of their paycheck across cash and crypto, as their money will be automatically distributed based on their choices every time they...
Stablecoin issuer Tether is working with the nation of Georgia to launch a national stablecoin. The collaboration marks one of the first efforts to put a national currency, the Georgian Lari, onto digital asset rails governed by a purpose-built stablecoin regulatory framework, Tether said in...