Tag: stablecoin

Tether Faces Allegations of Fueling Illicit Activities: A Deep Dive into the UN Report

Tether, touted as the world's leading stablecoin, finds itself at the epicentre of a disturbing surge in illegal activities, as underscored by the...

Coinbase and Yellow Card Driving Digital Asset Adoption

Coinbase has sought after Yellow, a renowned African fintech company, to extend its reach within Africa's ecosystem. Coinbase will offer a more...

Shopify integrates Solana Pay to accept USDC

Shopify, a heavyweight presence in online retail, will accept USDC as a payment option Shopify is located in 175 countries  Notably, about 10%...

Tether cross border payments mobile app for international trade in beta testing

Tether's upcoming mobile app promises to be a game-changer in trade finance and cross-border transactions. One of the app's standout features is its...

Japan’s largest bank introduces stablecoin platform

Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, has announced the launch of its stablecoin issuance platform, Progmat Coin. Progmat Coin...

US stablecoin bill discussion key takeaways

The United States Congress House Financial Services Committee held its first hearing on stablecoins in 2023 The discussed bill aims at regulating stablecoins ...

How users can trade Tether(USDT) directly on Telegram

Users can now send and receive USDT within chats on Telegram using the @wallet bot This follows the addition of bitcoin (BTC) and...

Mastercard integrates a stablecoin digital wallet to operate in Asia-Pacific region

Mastercard has partnered with the Australian platform Stables to launch a digital wallet for stablecoins which will ease transactions for traders Stables will...

The unique factors driving the growth of crypto in sub-Saharan Africa

Overall, the growth of crypto in Sub-Saharan Africa will continue, provided inhabitants continue facing challenges that crypto has demonstrated it can solve. The solutions offered by crypto include preserving savings in periods of economic volatility and aiding cross-border remittances in places with strict capital controls.

Cameroon will play a huge role in Africa’s crypto adoption

The world has seen the creation of a new category of digital assets in recent years. The assets range from shitcoins to NFT, stablecoins to Central Bank Digital Currency (CBDC), and a new sort of legal personality (DAO) and Metaverse. Digital assets are establishing a new legal, financial, and social paradigm in Africa, with Cameroon playing a crucial role.

USD Coin: A stablecoin that aims to stabilize crypto volatility

USD Coin is a cryptocurrency whose value is directly tied to the US dollar. This makes it a stablecoin with a theoretical value...

Decentralized finance faces numerous hurdles to widespread adoption

Decentralized exchanges (DEXs), borrowing and lending platforms, and yield farms are all protocols in the DeFi area. Users may participate in the DeFi ecosystem more efficiently since there are no centralized middlemen. However, there are also more significant dangers. These dangers include protocol codebase flaws, hacker attempts, and malicious protocols. Combined with the extreme volatility of the crypto market in general, these dangers may make it more difficult for DeFi to gain widespread acceptance among typical consumers. On the other hand, workarounds and improvements in the blockchain domain may solve these problems.

Crypto regulation: can African governments find unity of purpose in CBDCs?

Individual African countries cannot devise a worldwide plan to foresee the growth of private transnational digital currencies amidst crypto regulation needs because of their small economies.

Africa: Redefining financial inclusion through decentralized finance (DeFi)

Through varied financial services, open transactions, and accessibility via a permissionless network, DeFi appears to reverse inequality and effectively increase financial inclusion across the board.

First Movers Americas: The Death Cross for Bitcoin

We have a long way to go in the Bitcoin bear market. An imminent death cross on the less-frequented three-day chart, when each candle...
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