Facebook-Backed Diem Project Quits Stablecoin Bid
The Facebook/Meta backed Diem Association has decided to wind up as regulatory opposition to its stablecoin project proves too great.
Original source
Read on Brave New CoinRelated market context
Metaplanet Acquires Siiibo Securities in Push to Build Bitcoin Financial Ecosystem
Bitcoin Magazine Metaplanet Acquires Siiibo Securities in Push to Build Bitcoin Financial Ecosystem Metaplanet Inc., Japan’s large...
Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stab...
Metaplanet to Launch Bitcoin Yield Products in Japan After $13 Million Siiibo Securities Deal
Metaplanet has agreed to acquire Siiibo Securities, a licensed Japanese Type I securities firm, as part of its Project Nova strate...
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...
Elon Musk’s SpaceX IPO fever sparks $1 billion crypto bet before Nasdaq debut
Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion t...
Community bank group launches ad campaign warning of stablecoin risks
The campaign highlights potential regulatory shifts that could reshape the competitive landscape between traditional banks and dig...