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 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 The Wall Street Journal reported today that Amazon and Walmart are exploring potentially issuing their own stablecoins, or failing that, using an existing one. A lot depends on the outcome of the GENIUS Act stablecoin legislation winding its way through the Senate. Another e-commerce giant mulling a digital currency is travel …
Amazon, Walmart mull stablecoin issuance – report Read More »
Image by Ledger Insights Today the ruling Democratic Party of Korea introduced the Basic Digital Asset Act at a press conference. The draft legislation aims to allow non banks and payment providers to issue stablecoins, and also relaxes rules for crypto exchanges, enabling them to participate in lending and choose which tokens to list. Under …
Korean legislation plans to remove stablecoin oversight from central bank Read More »
Image by Ledger Insights During a press conference yesterday Thailand’s Minister of Finance, Pichai Chunhavajira, discussed plans to issue a Thai Baht stablecoin backed by government bonds. The launch target is October. It follows previous reports of plans to use Bitcoin and cryptocurrencies as payments on the holiday island of Phuket. However, former prime minister …
Thai government plans Baht stablecoin backed by gov bonds Read More »
Image by Ledger Insights Visa has unveiled its latest stablecoin related pilot involving Visa Direct payouts using the digital currency to gig workers or employees. Visa Direct is the card company’s payment system that uses its own network, which is especially useful for international transfers. Usually the payment is sent to the recipient’s Visa card, …
