PayPal becomes first major fintech to launch dollar-backed stablecoin
By Jaiveer Shekhawat (Reuters) - Payments giant PayPal said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins - crypto tokens whose monetary value is
Central bank test lab to trial ‘stablecoin’ monitoring system
Representations of cryptocurrencies Bitcoin, Ethereum and DogeCoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/File Photo By Marc Jones LONDON (Reuters) - A global central bank test lab run out of London is designing a 'stablecoin'
Singapore central bank proposes measures on crypto trading, stablecoin
By Chen Lin SINGAPORE (Reuters) - Singapore's central bank has put forward proposals for new regulatory measures on cryptocurrency trading and stablecoins, in a bid to reduce the risk of consumer harm from the volatility of the industry. The measures published in two consultation
EU crypto rules set to cap dollar-pegged stablecoins
By Huw Jones and Elizabeth Howcroft LONDON (Reuters) - EU crypto rules: European Union rules to regulate crypto assets will curb the market share of non-euro denominated stablecoins from 2024, potentially limiting EU competitiveness, industry representatives have said. Ambassadors for the 27