Asset manager Fidelity Investments is reportedly preparing to launch its own stablecoin. The Boston-based company, which manages more than $5 trillion in assets, is in the advanced stages of testing the coin, the Financial Times (FT) reported Wednesday (March 25), citing sources familiar with the matter. According to the...
World Liberty Financial (WLFI), the decentralized finance company backed by the Trump family, is getting into the stablecoin business. The company said Tuesday (March 25) that it plans to launch USD1, a stablecoin redeemable 1:1 for the U.S. dollar and backed by short-term U.S. government treasuries,...
Trump Media is teaming with Crypto.com to launch a series of exchange traded funds (ETFs). The president’s media company, owner of the Truth Social platform, announced the partnership Monday (March 24), saying the ETFs would “comprise digital assets as well as securities with a Made in America focus spanning diverse...
The Securities and Exchange Commission’s (SEC) Crypto Task Force held the first of what is to be a series of roundtables focused on different aspects of the regulation of crypto assets. The Friday (March 21) roundtable was titled, “How We Got Here and How We Get Out — Defining Security...
President Donald Trump told a digital asset conference Thursday (March 20) that the United States is going to “dominate crypto and the next generation of financial technologies.” In remarks delivered remotely to the Blockworks Digital Asset Summit in New York and shared by the White House’s Rapid...
Bakkt Holdings is blowing it all up and starting fresh. The digital asset and payments platform on Monday (March 17) suffered a major blow when Bank of America and Webull announced they would not be renewing their commercial agreements with the company. On Wednesday (March 19),...
The Security and Exchange Commission’s (SEC) case against Ripple has concluded, according to that company’s CEO. In a post Wednesday (March 19) on X, Brad Garlinghouse wrote that the commission had dropped its appeal in its case against the blockchain company, the latest in a...
Stablecoins couldn’t have chosen a better name. Compared to other, more volatile cryptocurrencies that have traditionally defined crypto markets, stablecoins have positioned themselves as a trusted, e.g. stable, and comparatively safe avenue for digital asset exploration. But while stablecoins offer a bridge between traditional finance...
A growth strategy that relies heavily on strategic partnerships can be derailed when those partnerships come to a close. That is happening in real-time to Bakkt Holdings, the digital asset and payments platform, which on Monday (March 17) suffered a significant blow when Bank of...
