European stablecoin issuers are suing for regulated US dollar tokens, arguing that European pressure to strengthen the euro does not eliminate businesses’ need for dollar liquidity. AllUnity, a German stablecoin issuer, launched its US dollar-pegged stablecoin USDAU on Wednesday, expanding its MiCA-controlled lineup beyond European currencies. “In global trade and FX markets, the US dollar … Read more
Anyone who has sent a bank transfer overseas is familiar with the painful process of waiting for things like business hours, correspondent banks and settlement times. In many cases, strapping physical cash to a homing pigeon, or slapping it in an envelope and sending it via DHL will be faster, cheaper and more efficient. Stablecoins … Read more
Full implementation is expected by 2028 and Pontes will gradually expand its services and operating hours to accommodate more participants. The European Central Bank (ECB) launched Pontes, a system that allows financial institutions to settle wholesale tokenized asset transactions in central bank money, providing an alternative to private settlement assets such as stablecoins. ECB announcement … Read more