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News
Privy Launches Stablecoin Card Pre-Fabricated Component, Expanding from 25 to 100 Markets by Year-End | WEEX Crypto News
3+ day, 5+ hour ago (15+ words) Privy Launches Stablecoin Card Pre-Fabricated Component, Expanding from 25 to 100 Markets by Year-End WEEX...
Coinbase Payments in Stablecoins: Betting on a New Revenue Source | WEEX Crypto News
3+ day, 3+ min ago (596+ words) Coinbase views payments in stablecoins as one of the main directions for future growth. The company's CEO, Brian Armstrong, stated that by 2030, this market could grow tenfold, and payment turnover could become a separate and significant business for the cryptocurrency…...
Bitcoin collateral, not trading volume, will signal real bank adoption: fintech veteran | WEEX Crypto News
3+ day, 18+ hour ago (1140+ words) Fintech veteran Wojciech Kaszycki has identified three tests for real bank adoption of Bitcoin: client custody balances, credit-funded spot trades and its use as loan collateral, following Standard Chartered's launch of deliverable BTC and ETH trading for eligible UAE institutions....
Crypto Depository Will Open Accounts Only with Tax Identification Number | WEEX Crypto News
3+ day, 16+ hour ago (725+ words) The crypto depository is a participant in the infrastructure that will account for cryptocurrency and digital rights, store such assets, open digital accounts, and accompany operations with them. It will only be able to open accounts for clients if they…...
Does becoming a federal bank protect crypto from Washington—or give Washington more control? | WEEX Crypto News
4+ day, 28+ min ago (939+ words) Silvergate's former chief executive, Alan Lane, says the crypto-focused bank survived withdrawals of roughly 70% of its demand deposits before political pressure drove it to choose liquidation. His account raises a question for the crypto companies obtaining federal bank charters: how…...
Jack Dorsey’s Block files OCC application for Bitcoin and stablecoin custody bank | WEEX Crypto News
4+ day, 4+ hour ago (1052+ words) Block has applied to establish an uninsured U.S. national trust bank that would place some of its Bitcoin, stablecoin and digital asset custody operations under direct federal supervision.Summary Block said on Tuesday that it submitted an application to the Office…...
Citigroup Introduces Tokenized Deposits in Japan, First for Foreign Firms | WEEX Crypto News
4+ day, 5+ hour ago (133+ words) Citigroup Introduces Tokenized Deposits in Japan, First for Foreign Firms WEEX It has been revealed that Citigroup, the American banking giant, will launch a remittance service for Japanese companies using "tokenized deposits" based on blockchain technology within this year. Shamil…...
Ethereum Builds the Stack to Become Institutional Financial Infrastructure | WEEX Crypto News
4+ day, 11+ hour ago (278+ words) The latest signal comes from Matter Labs, the developer of ZKsync, which opened the code of the permission engine of Prividium, a distributed ledger technology platform designed for financial institutions. The announcement coincided with the confirmation that the Deutsche Bundesbank…...
Tether Alloy Gold-Backed Reserves Cross $210M | WEEX Crypto News
5+ day, 13+ hour ago (480+ words) The milestone relates to Alloy and aUSDT, not standard USDT reserves. That distinction matters because Tether's main stablecoin is fiat-backed, while Alloy uses a different structure: a synthetic dollar overcollateralized by Tether Gold. In simple terms, Alloy is designed for…...
Stablecoin growth will test 24/7 FX liquidity, TransFi CEO says | WEEX Crypto News
5+ day, 15+ hour ago (1309+ words) Local-currency stablecoin launches have increased demand for 24/7 foreign exchange liquidity as more than 70% of conversions into dollar stablecoins begin in another currency.Summary Raj Kamal, founder and CEO of payments company TransFi, told crypto.news that issuing euro, sterling, yen,…...