Circle Partners with Xapo Bank to Bypass SWIFT
Xapo Bank has partnered with financial technology company Circle to introduce USD Coin (USDC) payment rails as an alternative to SWIFT.
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US Senator Ted Cruz Introduces Bill to Ban Digital Dollar
US Senator Ted Cruz has proposed a bill to prevent the US Federal Reserve from issuing a digital version of the dollar.
USDC Issuer Circle Applies for Licenses in France
Circle, a co-issuer of USDC, has applied for licenses as a digital asset service provider and electronic money institution in France, in line with their plans to expand in Europe.
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Binance Transfers $1B from BUSD to Bitcoin and Ether
Binance has announced its intention to convert $1 billion of its Industry Recovery Initiative fund assets into Bitcoin, Ether and BNB.
BUSD Market Cap Falls Below $10B
The market supply of Binance USD (BUSD) has dropped below $10 billion for the first time since June 2021.
Venezuela’s Businesses Switch to USDT Settlements to Avoid US Sanctions
Venezuelan businesses are increasingly turning to digital currencies in order to circumvent US sanctions imposed on the country’s economy.
Nigeria Plans to Restart the eNaira
The Central Bank of Nigeria will try to restart its CBDC project.