Stablecoins

Cryptocurrency Exchange Coins.ph Partners with Stables Money for Remittances

Friday. August 30 at 12:00 PM

1 min. read

Coins.ph, a Philippine cryptocurrency exchange, has teamed up with Australia's Stables Money to utilize Coins.ph's PHPC stablecoin for remittances. Stables Money, which entered the Philippine market in March, has seen a significant portion of its send transactions in Philippine pesos. The Philippines, being the largest remittance importer in Southeast Asia, received $34.9 billion in remittances in 2020. PHPC, backed by Coins.ph reserves, was included in the Bangko Sentral ng Pilipinas' regulatory sandbox in May and launched in July. Stables Money also collaborated with Mastercard to enable USDC spending in the Asia-Pacific region and expanded to Europe. Despite previous failed attempts by other entities, PHPC has gained traction in the Philippine remittance market, especially on the Ronin network's Katana decentralized exchange.

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Tether's Recent USDT Minting Raises Concerns

Saturday. December 7 at 4:00 PM

Tether has recently minted 2 billion USDT on December 6, adding to its total of 19 billion since November 6. This move highlights Tether's dominance in providing liquidity to the crypto market but also raises transparency and systemic risks concerns. The minting spree has prompted speculation about Tether's reserves and potential over-supply. While Tether emphasizes strong backing and discussions with regulators, critics worry about market confidence. The recent mints aim to optimize liquidity by reallocating USDT to Ethereum. Despite benefits in sustaining liquidity, the shift in dynamics could impact smaller blockchains and increase network congestion. Tether's actions underscore the importance of transparency and reserve management in stablecoin operations, especially in a market where stablecoins play a significant role in daily trading activity.

Stablecoins

Holyheld Secures Funding for BRRR Protocol Expansion

Friday. December 6 at 1:00 AM

Holyheld, a Swiss crypto payments startup, has received funding to enhance its BRRR protocol. The investment comes from Toyota Ventures, TempleDAO, Tomahawk VC, and other prominent investors. The BRRR protocol aims to facilitate real-time global transactions by connecting blockchain networks with traditional payment systems. Holyheld's app, popular in Europe, allows users to use cryptocurrencies for daily purchases while maintaining self-custody of funds. The funding will support the expansion of the protocol to more clients and payment networks worldwide. Holyheld has integrated numerous crypto protocols and processed over $100M in volume since its launch. The company's goal is to enable crypto customers and fintechs to create innovative payment solutions using stablecoins. For more information about Holyheld, visit https://holyheld.com/ or https://holyheld.com/BRRR.

Stablecoins

Transition to Stablecoins: dtcpay's Strategic Move

Wednesday. December 4 at 12:00 AM

Singapore's dtcpay, a licensed payment platform, has announced a significant change effective 2025. The company will no longer accept Bitcoin and Ethereum as payment methods, focusing instead on stablecoins and fiat currencies for increased stability. This decision aims to provide a more secure payment environment in compliance with regulations. dtcpay plans to pivot towards stablecoins like USDT, USDC, WUSD, and FDUSD starting January 2025, aligning with the growing trend of digital payments. By embracing stablecoins, dtcpay aims to tap into the expanding market, as evidenced by a Chainalysis report showing significant payments made using these asset-backed tokens. This strategic shift underscores the importance of reliable digital payment methods, enhancing consumer trust and confidence in dtcpay's innovative services. Recognized for its progressive growth and industry accolades, dtcpay continues to lead in digital payment solutions, recently joining the Mastercard Starter Path programme and introducing a regulated POS system for crypto payments in Singapore.

Stablecoins

Crypto Investor's Bold Policy Change Request

Tuesday. December 3 at 10:00 PM

Crypto investor Charlene Woods, known as the 'cryptocurrency queen,' is urging President-elect Donald Trump to implement a major policy change that could skyrocket the industry next year. Woods, a luxury real estate agent and avid crypto investor, made the plea during an interview on FOX Business. She emphasized the need for no taxes on crypto to boost the market. Recently, Woods capitalized on the post-election 'Trump bump' by selling a portion of her holdings, enabling her to cover expenses like her dog's surgery and a private jet trip. Despite not disclosing the exact amount sold, Woods expressed her intention to reinvest in promising cryptocurrencies like Bitcoin and XRP. With earnings nearing $500,000, she plans to splurge on luxury items and exotic trips once she hits the $1 million mark. Woods also shared her past investment lessons and strategies for future gains in the volatile crypto market.

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