Per a U.S. interpretive letter National banks will be free to hold reserve currencies for stable coins, the Office of the Comptroller of the Currency released on Monday. “We conclude that a national bank can hold such ‘reserves’ of stablecoin. As service to bank customers,” the new guidance reads. In addition to the announcement, Acting […]
Stablecoins! Are they here to bring financial stabilization? Or, leaving us in the same state we are now? Details explained here! Keep reading and you’ll get to know… The US Federal Reserve comes out with new findings of financial stability. Surprisingly, the US Federal Reserve is supporting the use of stablecoin wholeheartedly. Most of the […]
The popular crypto exchange Coinbase has launched its Crypto Debit Card in six European countries. The Coinbase users can spend cryptocurrencies like bitcoin, ethereum, and Litecoin in stores and online at any merchant that accepts Visa. This news comes from a popular news outlet. The cardholders in Spain, Germany, France, Italy, Ireland, and the Netherlands […]
Thanks to Coinbase, now merchants can accept payments in USDC stable coin. It will enable faster transaction and that too without any chargeback fees. Besides, it will also break the geographical barriers and need for a bank account. It will be available on the Coinbase commerce merchant platform. The firm mentions of this new update […]
Popular Enterprise blockchain platform Ontology will launch new stablecoin PAXO on its own blockchain. This information comes from an official press release. It is a version of the regulated US Dollar backed stablecoin Paxos Standard. New stablecoin PAXO will be based on Ontology’s token standard OEP-4. PAXO will enable atomic swaps between the Ontology-based blockchain and […]
Since its introduction, blockchain has been quite in the news as a breakthrough technology. Though it is still in its nascent stage, yet successful implementations of blockchain projects have been ever growing. To explore what blockchain has in its basket for 2019, one must have a glance at services such as Hybrid Blockchains, BaaS, Ricardian Contracts, Blockchain Interoperability, Stable Coins. These cutting-edge platforms are going to revolutionize the technology sector.