PayPal Stops Working on its Stablecoin
US payments company PayPal has stopped the development of its own stablecoin.
The Wall Street Journal Reveals Names of the Owners of USDT Issuer Tether
According to The Wall Street Journal, four people own 86% of Tether Holdings.
The Algorithmic Stablecoin Djed is Launched on the Cardano Network
COTI Network has released in collaboration with Input Output the algorithmic stablecoin Djed on the Cardano network.
Stablecoin Issuers Will Have to Obtain a License in Hong Kong
The Hong Kong Monetary Authority has announced it plans to introduce mandatory licensing for stablecoin issuers during 2023-2024.
Visa CEO: Stablecoins and CBDCs Will Play an Important Role in Payments
Visa CEO Alfred Kelly has said he is confident that blockchain-based solutions will be integrated into the company’s services to support next-generation payments.
Japan Will Adopt New Stablecoin Regulations by June
The Japanese authorities plan to adopt new regulations to allow non-Japanese-issued stablecoins to be listed on local crypto exchanges by June 2023.
The National Australia Bank is Developing its Own Stablecoin
Banking group National Australia Bank (NAB) has announced that it is currently developing a secured stablecoin AUDN.
