News
Stay updated with the latest blockchain and cryptocurrency news, trends, and insights from MENA and globally. Explore breaking stories, in-depth analysis, and industry updates on UNLOCK Blockchain.
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Crypto Chaos: Paxos Mistakenly Mints $300 Trillion PYUSD on Ethereum
On Wednesday, stablecoin issuer Paxos mistakenly minted an astounding $300 trillion worth of PayPal’s PYUSD stablecoin on the Ethereum blockchain…
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From Crypto to Currency Dominance: The U.S. Stablecoin Strategy
JPMorgan projected that stablecoins could generate $1.4 trillion in additional demand for U.S. dollars by 2027, according to a Reuters…
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Bank of England Eases Stablecoin Limits Amid Global Competition
The Bank of England is set to introduce exemptions to its proposed stablecoin holding limits, signaling a more flexible approach…
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UAE’s Fasset Secures Malaysian License to Launch Stablecoin-Based Islamic Digital Bank
Fasset, a Dubai-headquartered digital banking and investment platform, has received a provisional license from Malaysia’s Labuan Financial Services Authority (FSA)…
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Sanctioned Stablecoin A7A5 Becomes Largest Non-Dollar Token as EU Prepares Restrictions
The Russian ruble-backed stablecoin A7A5 has become the world’s largest non-U.S. dollar stablecoin, even as Western regulators move to tighten…
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Europe’s Digital Euro and Stablecoins: Fighting U.S. Dollar Dominance with Blockchain Innovation
Europe is facing a critical moment in digital finance. The rise of U.S. dollar-backed stablecoins, such as Tether and Circle’s…
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ECB Pushes for Stricter Stablecoin Rules as Global Regulatory Scrutiny Intensifies
The European Central Bank (ECB) is stepping up its call for stricter oversight of multi-issuance stablecoins, citing concerns that unchecked…
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South Korea’s Ruling Party Launches Crypto Task Force to Boost Blockchain Growth
The South Korean Democratic Party (DP) has announced the formation of a new crypto policy-making task force, aimed at fostering…
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CFTC to Enable Stablecoins and Tokenized Collateral in U.S. Derivatives Markets
The Commodity Futures Trading Commission (CFTC) announced today a landmark initiative to allow the use of tokenized collateral, including stablecoins,…
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Tether in Talks to Raise Up to $20 Billion, Eyeing $500 Billion Valuation
Crypto giant Tether, issuer of the world’s largest stablecoin USDT, is reportedly in discussions to raise as much as $20…
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