Circle's v2.2 upgrade for USDC and EURC introduces key enhancements, including a 7% reduction in transaction fees and advanced support for account abstraction, marking a significant stride in stablecoin efficiency and security. The post USDC to Enhance Stablecoin Transactions With 7% Fee Reduction appeared first on BeInCrypto.
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Circle, valued at $9 billion previously, may pursue an IPO in early 2024, enhancing transparency with regular financial reports and Deloitte as an auditor. The post One of the Largest Stablecoin Issuers Is Considering an IPO appeared first on BeInCrypto.
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Chainalysis reports a decline in stablecoin trading volume in the US, with more than half of stablecoin activity moving to trading platforms and issuers abroad, despite stablecoins being tied to the US dollar. The post United States Faces Abrupt Fall in Stablecoin Activity, According to Chainalysis appeared first on BeInCrypto.
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Deutsche Bank and SC Ventures pioneered the first UDPN proof-of-concept, executing real-time transfers and swaps between USDC and EURS stablecoins, illuminating the path towards a digital financial future. The post Deutsche Bank and Standard Chartered Completed the First Stablecoin Transfer and Swap appeared first on BeInCrypto.
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Stablecoins are one of the world's largest holders of US Treasuries, with their combined total making them the 16th largest holder globally, holding more than nations like Norway and Germany. The post How Stablecoins Are Creating New Demand for US Treasuries appeared first on BeInCrypto.
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A consortium of Japanese companies plans to launch a yen-based digital currency, DCJPY, by July 2024. The currency will be used for transactions and settlements of clean energy certificates. The post Japan Clean Energy Certificates to be Tokenized as a Stablecoin on DeCurret Crypto Exchange appeared first on BeInCrypto.
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ECB top dog Fabio Panetta says the next era of payments should not be monopolized by tech companies offering private stablecoins. The post ECB Warns PayPal Cash Grab Can Monopolize Stablecoins appeared first on BeInCrypto.
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Dollar-pegged stablecoins have been used by consumers in countries like Argentina and Venezuala to hedge against high inflation. But the continent is also home to a growing pool of local stablecoins oriented toward cross-border remittances. The post Latin American Stablecoins Focus on Beating Inflation and Powering Remittances appeared first on BeInCrypto.
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Stablecoins such as Tether are posing a threat to traditional payment companies like Visa and PayPal, offering advantages including faster, cheaper transactions. In 2022, stablecoins settled over $11 trillion on the blockchain. The post Visa and PayPal Business Models Could be Threatened by Stablecoins appeared first on BeInCrypto.
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Singapore's Monetary Authority releases a draft of requirements for private stablecoin issuers. The post Singapore Announces Framework for Non-Government Stablecoins appeared first on BeInCrypto.