Image by Ledger Insights Brazil’s Braza Group has launched a Brazilian Real stablecoin BBRL. The issuance is particularly significant because its primary activity is as a foreign exchange (FX) bank. During the first half of 2024 it was involved in US$30 billion of transactions. It ranks sixth in the central bank’s interbank markets and has …
Image by Ledger Insights The Bank of Israel conducted a thoughtful survey process for its Digital Shekel central bank digital currency (CBDC). It found that 51% of respondents had either a high or intermediate interest in the digital currency. Some of the responses received contrasted with other CBDC surveys. For example, privacy did not rank …
Digital shekel CBDC survey finds considerable user interest, especially if remunerated Read More »
Image by Ledger Insights Societe Generale FORGE (SG-FORCE) said it plans to introduce its MiCAR compliant stablecoin EURCV to the Stellar blockchain. The stablecoin was first launched on Ethereum, which remains the sole blockchain so far. However, it also plans to issue on Solana and the XRP Ledger. “Our upcoming integration with Stellar represents a …
SocGen FORGE to expand stablecoin to Stellar blockchain Read More »
Image by Ledger Insights Six major trade associations representing US traditional financial (TradFi) institutions, wrote a letter to White House AI and crypto czar, David Sacks, congratulating the administration on its new approach to digital assets and the creation of the President’s Working Group (PWG) on Digital Asset Markets. However, they want incumbents to be …
US TradFi bodies request digital asset support for banks Read More »
Image by Ledger Insights The initial rollout of Russia’s retail central bank digital currency (CBDC) was originally planned for 1 July 2025, but the launch was postponed until 1 September 2026. However, federal government departments can use the digital ruble starting 1 January 2026, with the Ministry of Finance defining the types of permitted payments …
Russia clears digital ruble for government usage starting January 2026 Read More »
Image by Ledger Insights Yesterday PayPal held its first investor day under new CEO Alex Chriss, where it briefly touched on its cryptocurrency activities. To date, the stablecoin has mainly been used within the crypto ecosystem, despite being available via the PayPal app and Venmo. PayPal intends to change that by rolling it out for …
PayPal plans to use stablecoin for merchant payments, mass payouts Read More »
Image by Ledger Insights Today Euroclear announced a new initiative for tokenized collateral with DLT firm Digital Asset. Collateral mobility is viewed as one of the killer use cases for DLT and tokenization. One example is for margin requirements, where cash is often used to meet urgent needs. If non-cash assets are used, it takes too …
Euroclear launches tokenized collateral initiative with Digital Asset Read More »
Image by The Crypto Times 5TARS.io, a Dubai based web3 sports fantasy gaming platform, is migrating to Concordium, a public blockchain platform, to access its Layer 1 scalable infrastructure to host its popular Web3 games. The move will see popular games like 5TARS Football game ported to Concordium, the new home for all its future releases. The …
5TARS.io migrates to Concordium Blockchain to scale its Web3 Sports Gaming Read More »
Image by Ledger Insights Last year the BIS Innovation Hubs in Europe and Singapore announced plans for Project Rialto to explore foreign exchange (FX) for retail cross border payments. Today the BIS published a work in progress paper outlining its plans, including the involvement of the central banks of France, Italy, Malaysia and Singapore. The …
BIS Project Rialto to explore DeFi style FX for retail cross border payments Read More »
Image by Ledger Insights China Asset Management Hong Kong (ChinaAMC HK) is partnering with Standard Chartered to issue one of the first tokenized money market funds (MMFs) in Asia to target retail investors. It confirmed it has received approval from the Securities and Futures Commission (SFC). The tokenized fund, which aims to launch later this …
StanChart partners ChinaAMC for retail tokenized fund Read More »
