Tag: Bank

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UAE’s central bank has approved a USD-backed stablecoin

UNDER EMBARGO UNTIL 29TH JANUARY, 10 AM GSTThe Central Bank of the United Arab Emirates (CBUAE) has approved the country’s first USD-backed stablecoin under...

Tether’s Endgame? Ardoino Says It’ll Become A ‘Gold Central Bank’

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tether is rapidly expanding its physical gold footprint, with CEO Paolo Ardoino...

Banks Fear Stablecoin “Bank Run”, Regulators See No Impact

Banks warn that stablecoins, especially those paying yield, could pull deposits out of the banking system, but policy and finance experts say there’s little...

Fidelity to Launch Stablecoin Through National Trust Bank

Fidelity Investments plans to launch a new stablecoin next month, marking a logical next step for the asset manager as it expands its digital-asset...

Peter Thiel and Galaxy-backed Citrea wants to turn your bitcoin into a high-speed bank account

Citrea, a Bitcoin-focused application platform backed by Peter Thiel's Founders Fund and Galaxy Ventures, has unveiled its mainnet, opening the door for bitcoin to...

Nomura’s Laser Digital applies to open U.S. national trust bank for crypto custody

Laser Digital, the digital assets arm of Japanese investment bank Nomura, said it filed an application with the U.S. Office of the Comptroller of...

Standard Chartered Predicts Stablecoins Could Drain $500B From US Bank Deposits

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Stablecoins could pose a significant challenge to the US banking system over...

Nomura-Backed Laser Digital Reportedly Applies for US Bank Charter

Laser Digital, a full-service digital asset company backed by Japanese financial group Nomura, has reportedly filed for a US national bank trust charter, signaling...

NEO PAY and Wio Bank Join Forces to Streamline SME Financing in the UAE

NEO PAY, a UAE-based payment solutions provider, has partnered with Wio Bank PJSC, the region’s leading digital financial platform, to launch a new Point-of-Sale...

The new secret to getting a credit line without a bank

Let's say an investor has a house in Switzerland and a beach house in Miami. They're worth, perhaps, $10 million. But what they are...

First Abu Dhabi Bank Launches ‘World-First’ Fitness and Payment Ring with Mastercard

First Abu Dhabi Bank (FAB) has launched the FAB Rewards Active Credit Card, a new product developed in collaboration with Mastercard that integrates wearable...