A group of US banks have announced that they intend to launch their own stablecoin, called USDF, in a move they hope will tackle concerns about the reserves behind nonbank... read more
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PayPal has confirmed numerous reports that it is working on a stablecoin. Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at PayPal, confirmed: “We are exploring... read more
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Central Bank Digital Currencies issued by major central banks will become legal tender in their jurisdictions, this may sound completely obvious but was certainly not to be taken for granted,... read more
The post ECB: Central Bank Digital Currencies will be legal tender appeared first on Payments Cards & Mobile.
R3 has acquired the technology and team of the financial asset tokenization specialist Ivno, enabling the use of Ivno-developed capabilities across the Corda platform. This acquisition further strengthens R3’s capabilities in the... read more
The post R3 acquires regulated markets stablecoin issuance capability with Ivno appeared first on Payments Cards & Mobile.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) has published, for public consultation, preliminary guidance that confirms and clarifies that stablecoin arrangements... read more
The post Consultation report seeks confirmation that the principles for PFMI apply to stablecoin appeared first on Payments Cards & Mobile.