Ripple, the payments-focused blockchain firm closely related to the XRP Ledger (XRP), is taking its U.S. dollar-backed stablecoin RLUSD$0.9998 to Ethereum layer-2 (L2) blockchains including Optimism, Coinbase’s Base, Kraken’s Ink and Uniswap’s Unichain in a push to embed the $1.3 billion token deeper into the multichain ecosystem. The company, announcing the move Monday, said it…
As financial capitals worldwide from London to Singapore race to introduce regulations to introduce digital assets into their banking systems, Mexico’s central bank announced a far more cautious stance. In its year-end report, boasting the stability of the country’s economy, the Bank of Mexico (Banxico) said it will “maintain a healthy distance between virtual assets…
Amid an intensifying international focus on stablecoins, the International Monetary Fund (IMF) has released a 56-page report detailing what it sees as the key risks surrounding their adoption. The report draws parallels from the claims many other central banks and international financial organizations make regarding the threat stablecoins represent to governmental monetary control, to ultimately…