Tether has invested in a Chilean crypto exchange in a bid to expand to Latin America’s $415 billion cryptocurrency market. According to Chainalysis, LATAM received nearly $415 billion in cryptocurrency between July 2023 and June 2024, with stablecoins accounting for the majority of indirect flows from local to global exchanges, particularly in countries like Brazil and … Read more
On 2 June 2025, Robinhood announced acquiring the 2011-founded global cryptocurrency exchange Bitstamp. The acquisition is mainly part of Robinhood’s efforts to expand its crypto services worldwide. Importantly, the $200 million deal will give Robinhood the edge it sought as it introduces its first institutional crypto business. “The acquisition of Bitstamp is a major step … Read more
It’s safe to say that the surge in stablecoin adoption has not gone unnoticed by the banks. Several of the largest banks in the US are reportedly in early talks to launch a joint stablecoin, aiming to challenge the popularity of crypto and digital payment solutions. “The conversations have so far involved companies co-owned by … Read more
MoonPay has teamed up with Mastercard to launch a new suite of stablecoin payment cards. This is a significant move because it will enable seamless digital asset spending at over 150 million merchants worldwide. Announced on 15 May 2025, this collaboration follows MoonPay’s recent acquisition of Iron’s infrastructure – responsible for building API-first stablecoin infrastructure … Read more
Pakistan has announced plans to establish a National Crypto Council dedicated to overseeing cryptocurrency policy and regulation. According to local news report dated 26 February 2025, “the finance ministry announced it was considering “establishing a National Crypto Council” to adopt emerging digital currencies, in line with global trends.” The country’s proposed National Crypto Council will … Read more
PayPal is set to expand the reach of it USD-pegged stablecoin, PayPal USD (PYUSD). According to a Bloomberg report dated 26 February 2025, PayPal aims to offer its stablecoin, PYUSD, as an option for its more than 20 million small-to-medium sized merchants to pay vendors through its upcoming bill-pay product by the end of this … Read more