USD

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Xapo Bank enables USD Coin (USDC) deposits and withdrawals

0xMain
March 23, 2023

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Xapo Bank has announced that its members can now directly deposit and withdraw their USDC stablecoins on its regulated banking platform, enabling them to bypass the time and cost inefficiencies of the SWIFT payment system. USDC deposits and withdrawals now live on Xapo ...

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Binance bans buying EUR and USD using P2P for Russians

0xMain
March 9, 2023

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Russian clients may no longer use Binance’s P2P service to purchase and sell U.S. dollars and Euros. The Exchange said the move was motivated by the E.U.’s ninth round of sanctions on Russia. The firm has disabled P2P transactions for Russian citizens and residents. According...

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SEC to pursue Paxos for Binance USD stablecoin issuance

0xMain
February 13, 2023

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SEC has begun legal plans to sue Paxos for issuing and listing Binance USD, a well-known stablecoin in the crypto ecosystem. The financial watchdog argues that the firm’s token issuance violates investor protection laws. SEC trails Paxos The US Securities and Exchange Commission...