‘Cash to Crypto Swaps’ Use Stablecoins to Bypass Bank Security
Criminals are reportedly turning to stablecoins hide wealth from their illicit activities. That’s according to a report Sunday (Dec. 7) by The New York Times (NYT).
Coinbase Partners with Banks on Crypto and Stablecoin Pilot Projects
Coinbase CEO Brian Armstrong reportedly said Wednesday (Dec. 3) that his company is working with some of the biggest U.S. banks on pilot programs testing stablecoins, crypto custody and trading. “The best banks are leaning into this as an opportunity,” Armstrong said at the New York Times DealBook Summit, CoinDesk reported Wednesday.
Truther Launching Stablecoin-Focused Visa Card in El Salvador
Cryptocurrency payments firm Truther is preparing to launch a Visa card in El Salvador. The new card, set to debut Jan. 29, will let users spend the USDT stablecoin directly from their wallets, without having to preload funds or rely on custodial services, company officials told CoinDesk in an interview published Sunday (Nov. 30).
Exchanges Group Says Crypto Companies Should Be Required to Follow Same Rules
The World Federation of Exchanges (WFE), whose members include Nasdaq, reportedly said the Securities and Exchange Commission’s (SEC) plan to allow crypto companies to sell tokenized stocks could hurt investors.
Crypto Markets Are Seeing Red This Black Friday Despite Payments Push
This time last year, bitcoin was topping $90,000 and flirting with all-time-high valuations.