Stress in the $3.5 trillion private credit market could ripple into digital assets through both macro contagion and tokenized credit markets, experts warn. What to know: Cracks in the global private credit market are rattling investors, raising concerns the stress could spill into crypto markets. Bloomberg reported Friday that BlackRock’s $26 billion […]
The firm behind the $183 billion USDT stablecoin is expanding beyond its crypto roots to longevity and artificial intelligence. What to know: Tether, the crypto firm behind the most popular stablecoin USDT, has invested $50 million in sleep technology startup Eight Sleep at a $1.5 billion valuation, according to a Wednesday […]
The companies plan to expand global access to tokenized gold and allow the buying of bullion with Tether’s stablecoins. What to know: Tether, issuer of the world’s most popular stablecoin, has acquired a $150 million minority stake in Gold.com (GOLD), deepening its push into the gold market just as the […]
Digital bank Klarna’s stablecoin, issued by Stripe’s Bridge on top of the upcoming Tempo blockchain, is set to debut next year. What to know: Klarna, the Sweden-based digital bank known for its “buy now, pay later” offering, said Tuesday that it will debut a U.S. dollar stablecoin, becoming the latest global fintech […]
Blockchains won’t replace the traditional rails but will be integrated and work in tandem, the bank said in the report. What to know: Stablecoins and other forms of tokenized cash could grow to $3.6 trillion by 2030, according to a fresh report released by financial services giant BNY. The financial […]
Crypto prices were down sizably on Tuesday but bounced off of their worst levels. What to know: Crypto markets posted big declines on Tuesday, but signs of relief from the Federal Reserve helped prices bounce off their worst levels. A late day Truth Social post from President Trump reminded bulls […]
Most of the capital will be used to acquire tokenized gold reserves, aiming to build a publicly verifiable, blockchain-native treasury What to know: Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on, the gold-backed tokens of stablecoin giant Tether. The […]
The Fiserv-powered U.S. dollar stablecoin will be available to local banks and credit unions, joining crypto experiments by U.S. states. What to know: The U.S. state of North Dakota is joining the stablecoin trend, with state-owned Bank of North Dakota teaming up with payments infrastructure giant Fiserv (FI) to launch a U.S. […]
The company that underpins the global financial messaging system is building infrastructure for onchain settlement as it seeks a role in blockchain-based finance. What to know: SWIFT, the backbone of the global financial messaging system, is taking a step toward becoming a full-fledged blockchain infrastructure provider. This week, the network unveiled […]
With Open Issuance and AI payment standards, Stripe is doubling down on its bet on the rising role of blockchain and digital agents in payments. What to know: Payments giant Stripe unveiled a stablecoin issuance platform and AI commerce tools at its New York showcase on Tuesday, marking a push […]