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In: Australia, Payments, Stablecoins

A brand new draft imaginative and prescient from Australia’s funds leaders suggests account-to-account methods could must evolve to help stablecoins and tokenised fiat as digital belongings achieve traction.  The report highlights interoperability, automation, and safety as key priorities in enabling seamless motion between conventional financial institution cash and tokenised kindsContinue Reading

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In: Cryptocurrency, Federal Reserve

The Federal Reserve held charges at 3.5% to three.75% on April 29 in an 8-4 vote. Bitcoin briefly fell under US$75,000 (AU$108,000), whereas Ethereum, Solana and XRP touched two-week lows. 4 dissents marked essentially the most divided Fed coverage vote since October 1992, in keeping with Axios. Bitcoin (BTC) slippedContinue Reading

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In: Stablecoins, Visa

Visa has expanded its stablecoin pilot to 9 blockchains, including networks like Polygon, Base and Canton. The programme has reached a US$7 billion (AU$9.8 billion) annualised run fee, rising 50% quarter-on-quarter. The initiative checks whether or not stablecoins can enhance settlement velocity, availability and cross-border effectivity. Visa has expanded itsContinue Reading

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In: Cryptocurrency, Tether

Tether froze over US$344 million in USDt throughout two wallets following requests from US authorities linked to suspected illicit exercise. The agency defended the transfer as a part of its compliance mannequin, highlighting coordination with regulation enforcement and large-scale asset freezes globally. The motion has revived debate over whether orContinue Reading

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In: Australia, Cryptocurrency, Mortgage Broker

Crypto’s rising reputation will finally see crypto-backed mortgage merchandise enter the Australian lending market, in accordance with Stephanie Coleman from Unconditional Finance. For the time being although, crypto stays largely excluded from lending choices as a consequence of an absence of regulatory readability and issues over volatility, Coleman stated. AustraliaContinue Reading

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In: Banking, Moody's Ratings, Stablecoins

Moody’s analyst Abhi Srivastava said stablecoin disruption risk to banks remains limited at the current adoption stage. DefiLlama data showed stablecoin market capitalisation at US$315.8 billion, with USDT dominance at 58.29%. Moody’s warned longer-term growth in stablecoins and tokenised assets could pressure deposits and bank lending. Moody’s said stablecoins haveContinue Reading

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In: Stablecoins, Tether, USDT

Tether Investments participated in a US$134 million personal placement for Stablecoin Improvement Company (NYSE: SDEV), alongside R01 Fund LP and Framework Ventures. SDEV holds 2.15 billion SKY governance tokens, 9.15% of Sky Protocol’s whole provide, and operates throughout the DeFi ecosystem constructed round Sky’s USDS stablecoin. Tether CEO Paolo ArdoinoContinue Reading

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In: Cryptocurrency, Security

SMS MFA exposes customers to SIM swapping and irreversible theft as a result of blockchain transactions lack a government. Subtle AI phishing and community interception enable criminals to bypass text-based safety in actual time. Crypto platforms are changing SMS with {hardware} keys and Passkeys that bind authentication to particular bodilyContinue Reading