Coins that are issued over a blockchain and are continuously pegged 1 to 1 with the underlying international fiat currency they are related to and deposited in a chartered Bank or a Digital Asset chartered Bank.
Eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody.
Stablecoin infrastructure company HIFI has raised $37 million in a Series A funding round led by Left Lane Capital as the use of stablecoins for payments and cross-border transfers continues to grow despite weakness in […]
The Federal Reserve has proposed capital, redemption and other regulatory requirements for stablecoin issuers under its supervision as it moves to implement the GENIUS Act. The GENIUS Act already requires stablecoin issuers to maintain reserves […]
The line between crypto companies and traditional finance is blurring. Binance is buying a $100 million stake in Circle, Canada’s six largest banks are exploring tokenized deposits and the New York Stock Exchange is working […]
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