Lawmakers and regulators say we can expect a set of guide rails for the stablecoin business by year’s end. Here’s a look at the issues and the major pieces of legislation driving the discussion. Get the Full Story Complete the form to unlock this article...
The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the financial services industry around the world, debuted a distributed ledger technology (DLT) with its new Project Ion platform, a company news release said Monday (Aug. 22). Get the Full Story Complete the...
Fed Governor Michelle Bowman suggested that she believes the FedNow real-time payments system will make a digital dollar unnecessary. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Tether and Circle, among other stablecoin issuers, are currently holding $80 billion worth of short-term U.S. government debt, which shows how digital asset players are holding bigger roles in the traditional finance markets. Get the Full Story Complete the form to unlock this article and...
Stocks related to crypto were down Friday (Aug. 19), with bitcoin losing momentum and falling below $22,000 due to bigger fears in the economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The South African Reserve Bank (SARB) is moving forward with a recommendation to let banks deal with companies handling crypto assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
With crypto surging, exchange FTX was reportedly able to rack up a billion dollars in revenue in 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
It’s fair to say that when it comes to turning the promise of blockchain into the reality of blockchain, catching up with the hype cycle is a long, slow process, particularly among companies in regulated financial markets Get the Full Story Complete the form to...
The Federal Deposit Insurance Corporation (FDIC) reported Friday (Aug. 19) that it has issued letters to five companies demanding that they cease and desist from making what it says are “false and misleading statements” about FDIC deposit insurance and take corrective action to address statements...
