Stablecoins

Crypto firm Tether bids for Juventus, is quickly rebuffed

The cryptocurrency firm controls USDT, a popular stablecoin

Stablecoins operating on newer blockchains – such as Tether – are optimised for speed and throughput, but the transaction-processing capacity of blockchain-based technologies will always be subject to constraints.

Who’s afraid of stablecoins?

Ignore the hype – retailers and wholesalers cannot rely on this digital currency

Bullish Aim, owned by Tunku Ismail Sultan Ibrahim, unveiled a stablecoin called RMJDT pegged to the Malaysian ringgit.

Malaysian royal launches ringgit-backed stablecoin for payments

RMJDT will be issued on Zetrix, a blockchain developed by Malaysian company Zetrix AI

Tokenised assets refer to digital representations of real-world assets or financial assets on the blockchain, a form of digital ledger.

CFTC deepens crypto push with approval of derivatives collateral

The pilot project initiative applies to futures brokers, swap market participants and clearing houses

A retail central bank digital currency would make the euro and the euro area more resilient to emerging forms of money, says the writer.

The quest for digital sovereignty in Europe

Before a digital euro can be introduced, the necessary legal foundations must be laid

Stablecoins are cryptocurrencies that aim to track the price of another asset, typically the US dollar.

Tether stablecoin stability rating reduced to ‘weak’ at S&P

A crash in Bitcoin’s price this month has left the asset on track for its worst monthly performance

Grab and StraitsX say that their partnership will take into account the “continuously evolving nature of money-laundering and terrorism-financing typologies”.

Grab, XSGD issuer StraitsX to develop digital asset wallets to accept stablecoin payments

This will enable GrabPay merchants to begin accepting stablecoin payments from domestic, global consumers

As the drive to modernise global finance accelerates, banks and regulators in the region are being pushed to rethink how money moves across borders.
BRUNCH

Stablecoins are challenging Asia’s financial order

The rise of currency-backed digital tokens is putting pressure on institutions to rethink their financial plumbing

The difference in how UK and US consumers access credit is a key reason for the more wary approach of British regulators, according to Breeden.

British stablecoin regime to keep pace with US, official says

The UK central bank is expected to impose temporary limits of £20,000 on individuals and £10 million on businesses