The United Kingdom has launched a decisive move to bring the crypto world into the fold of traditional finance, with the Bank of England publishing its proposed regulatory regime for “systemic stablecoins.”
In a powerful show of unity, Japan’s three banking giants—Mizuho, MUFG, and SMBC—are collaborating on a shared stablecoin project with the full support of the national financial regulator.
Mastercard is collaborating with Ripple and Gemini to pilot the use of stablecoins for settling card transactions. The initiative will utilize the RLUSD stablecoin on the XRPL blockchain.
As part of a sweeping modernization of its financial markets, the UK will unveil its proposed stablecoin regulations on November 10.
The crypto industry is welcoming Canada’s pledge to regulate stablecoins, a key announcement in the government’s 2025 budget.
Tether Holdings has announced staggering annual profits exceeding $10 billion, yet the details remain as opaque as the company itself.
A new trademark filing for “WUUSD” reveals that Western Union’s crypto strategy is more extensive than its recent stablecoin announcement suggested.
