Reading Time: < 1 minuteAccording to a press release by Paxos, leading fintech and digital asset companies have come together to launch the Global Dollar Network.

Reading Time: < 1 minuteTether has suggested to the Turkish government the creation of tokens that represent borate minerals.

Reading Time: < 1 minuteIn a new deal, Stripe has purchased stablecoin platform Bridge for $1.1 billion, making it their largest acquisition to date.

Reading Time: < 1 minuteStripe, a prominent payment processor, is reportedly in advanced negotiations to acquire the stablecoin money transfer company Bridge, backed by Sequoia.

Reading Time: < 1 minuteThe Siam Commercial Bank (SCB), a leading Thai financial institution, has introduced stablecoin-based cross-border payment services for its clients.

Reading Time: < 1 minutePaxos, the company behind the Pax Dollar stablecoin, is striving to advance the use of stablecoins in the payments industry by introducing a high-quality infrastructure.

Reading Time: < 1 minuteTether Holdings Ltd is planning to lend to commodities trading companies to utilize their billions of dollars in profits.

Reading Time: < 1 minutePayPal recently completed its first commercial transaction using its US dollar-pegged stablecoin as a demonstration of its ease of use for business payments.

Reading Time: < 1 minuteMoonPay has recently added support for PayPal USD (PYUSD), a dollar-denominated stablecoin issued by Paxos Trust Company, to its list of supported cryptocurrencies.

Reading Time: < 1 minuteFintech giants Robinhood and Revolut are considering launching a stablecoin.

Reading Time: < 1 minuteFintech company Revolut plans to launch its own stablecoin.

Reading Time: < 1 minuteBy the end of the year, the European Banking Authority (EBA) will officially release standards for stablecoin issuers like Tether and Circle to operate in the European Union.

Reading Time: < 1 minuteThe total market capitalization of stablecoins, not including algorithmic ones, reached an all-time high this past weekend.

Reading Time: < 1 minuteMercado Pago announced on Wednesday that it will launch a stablecoin in Brazil that is tied to the value of the US dollar.

Reading Time: < 1 minuteTether has announced its upcoming launch of a new stablecoin pegged to the United Arab Emirates dirham (AED).

Reading Time: < 1 minuteTether announced its latest quarterly attestation on Wednesday, revealing a record net profit of $5.2 billion for the first half of 2024.