Earlier this week, President Bola Tinubu directed financial and capital market authorities to monitor the increasing use of stablecoins and cryptocurrencies in Nigeria. This move acknowledges the rapid transformation of…
Stablecoins are crypto tokens designed to hold a stable value by linking (or āpeggingā) to another asset. The most widely known are stablecoins pegged to the US dollar, but an…
Financial exclusion is one of the greatest development challenges of our time. According to the World Bank, nearly 1.4 billion adults globally remain unbanked, with the vast majority living in…
Remitly, a leading digital remittance service, is leveraging the power of stablecoins to revolutionize cross-border payments. The company believes that everyone deserves the freedom to access, move, and manage their…
In a significant move to foster innovation and financial inclusion, the Director-General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has announced that the country is now open…
In a significant move for the cryptocurrency industry, the US Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act with a bipartisan vote of 68ā30.…
In a significant milestone for the stablecoin industry, Circle Internet Group Inc. has successfully completed an upsized initial public offering (IPO), raising nearly $1.1 billion. The deal, priced above the…
In a strategic move to tap into the high demand for stablecoins, Stripe, a global payments platform, has rolled out stablecoin-based accounts to clients in more than 100 countries. This…
Paolo Ardoino, CEO of Tether, defended the company’s decision not to seek registration under the European Union’s Markets in Crypto-Assets (MiCA) framework, citing concerns over the regulations’ potential impact on…
In a May-3-2025 statement, a group of US Senate Democrats emphasized the need for comprehensive regulations on stablecoins, citing growing concerns over consumer protection and financial stability. The Guiding and…