FinTech News

Ethena Labs, the team behind the initiative, plans to develop a savings and payment app that leverages the platform’s massive user base, positioning it as a key player in a $50 billion market opportunity for its synthetic dollar, USDe.

Morgan Stanley, one of the largest asset managers globally, is reportedly considering adding cryptocurrency trading to its E-Trade platform, according to The Information.

KuCoin has unveiled a new point-of-sale (PoS) system, allowing users to pay businesses directly with their crypto balances.

The Monetary Authority of Singapore (MAS) has expressed confidence in the growing potential of stablecoins as a future payment method.

Traditional banks are venturing into the stablecoin market as Tether discontinues its euro-pegged EURt token.

Russia’s largest bank, Sberbank, has officially joined the digital ruble pilot program alongside TBank and Tochka Bank, as confirmed by the Central Bank of Russia (CBR) and reported by Interfax on December 28.

A regulatory review of Klarna’s practices between April 2021 and March 2022 uncovered multiple breaches of key anti-money laundering (AML) rules.