Cointelegraph·
Revolut said USDT support remains unchanged outside EEA and Switzerland as it winds down the stablecoin offering in selected European markets.
Read full articleSony Bank wins conditional OCC approval for Connectia Trust, a $40M national trust bank set to issue a dollar-backed stablecoin by 2027. The post Sony Approved to Launch Sony Stablecoin appeared first on 99Bitcoins.
OUSD's struggle to surpass USDT and USDC highlights the challenges new stablecoins face in gaining trust and market dominance amidst fierce competition. The post Cathie Wood says OUSD unlikely to displace USDT and USDC appeared first on Crypto Briefing.
The post Alfa-Bank Prepares Digital Depository Infrastructure for Regulated Crypto Services appeared on BitcoinEthereumNews.com. Key Highlights Alfa-Bank develops digital depository infrastructure as foundation for crypto services. Pilot cryptocurrency trading program launched for qualified institutional investors. Testing phase covers Bitcoin, Ether, Solana, Litecoin, USDT, USDC, and Zcash. Mass-market crypto offerings expected following regulatory approval in Russia. Major competitors Sberbank and T-Bank simultaneously develop similar platforms. Russia’s Alfa-Bank has advanced its cryptocurrency ambitions by establishing plans for a comprehensive digital depository system. The institution has simultaneously initiated controlled cryptocurrency trading pilots via its Alfa-Investments brokerage platform. These developments emerge as Russia’s government finalizes comprehensive regulations governing digital asset operations. Digital Depository Framework Forms Foundation of Crypto Strategy
The ECB's rate hike and digital euro progress could reshape Europe's financial landscape, impacting stablecoin demand and regulatory dynamics. The post ECB hikes rates for the first time since 2023 as digital euro legislation advances appeared first on Crypto Briefing.
The post Revolut Keeps USDT Outside EEA and Switzerland appeared on BitcoinEthereumNews.com. Revolut, a crypto-friendly digital banking platform, said its Tether USDt (USDT) delisting will not affect all customers globally. The delisting will affect Revolut customers in the European Economic Area (EEA) and Switzerland, while support for the stablecoin will continue in other markets, a spokesperson for the company told Cointelegraph. Revolut said the decision followed a review of its crypto services and risk considerations under the European Union’s Markets in Crypto-Assets Regulation (MiCA). “Revolut is discontinuing support for USDT for customers in the EEA following a periodic review of our cryptocurrency offering in light of the evolving EU regulatory framework under MiCA,” the spokesperson said. Revolut’s decision reflects a broader trend across the EU, where crypto platforms have continued to phase out USDT after Tether, the issuer of the $184 billion stablecoin, chose not to seek
The case could redefine stablecoin issuer responsibilities, impacting regulatory frameworks and court authority over digital asset recovery. The post Circle faces criminal complaint in Wisconsin over USDC recovery refusal appeared first on Crypto Briefing.
The post Stablecoin Cross-Border Remittance Enables Hyundai Card’s Efficient PoC appeared on BitcoinEthereumNews.com. Hyundai Card has pulled off something that most corporate finance teams have only theorized about: a real, live stablecoin cross-border remittance between two overseas subsidiaries of one of South Korea’s biggest conglomerates — and it took just seven minutes. Key takeaways Hyundai Card and Hyundai Motor completed a stablecoin cross-border remittance proof of concept that goes beyond technical testing, reaching operational readiness for real-world deployment. The first PoC converted USD 20,000 from Hyundai Motor America into USDT, transferred it to Hyundai Motor Mexico, and converted it back to dollars — the entire process averaging seven minutes. Participants included Hyundai Card, Hyundai Motor America, Hyundai Motor Mexico, Tether, Avalanche, and Axiym. A second PoC targeting Hyundai Motor’s European entities will bring in Circle and Visa, testing local currencies be
The post Kazakhstan’s new crypto adoption push: Stablecoin rules, tax exemptions explained! appeared on BitcoinEthereumNews.com. Kazakhstan is betting big on crypto and has laid the groundwork to develop the sector into a regulated market. On the 7th of July, Kazakhstan President Kassym-Jomart Tokayev signed a decree for the same. The document was prepared by the Ministry of Artificial Intelligence and Digital Development, the National Bank (central bank), other government agencies, and the Astana International Financial Center. According to the ministry’s statement, the signed document aims to create a ‘modern regulated’ crypto market to boost investment and adoption. It lays the foundation for the systematic development of a regulated digital assets market, broader adoption of innovative financial technologies, and increased investment attractiveness of the sector. Will mining and tax relief fuel crypto adoption in Kazakhstan? The move came following President Tokayev’s intensifie
