USD

BinanceUS suspends USD deposits and withdrawals

0xMain
June 9, 2023

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BinanceUS has announced the suspension of USD deposits and fiat withdrawal channel pauses amid the ongoing legal battle with the US SEC. The move aims to protect customers and maintain operational efficiency as the exchange transitions to a crypto-only platform. However, concerns remain...

First Digital unveils Hong Kong-based USD stablecoin

0xMain
June 1, 2023

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Hong Kong-based trust company First Digital is set to introduce a new stablecoin, “First Digital USD” (FDUSD), which will be pegged to the US dollar and regulated in Asia. In a June 1 release, First Digital announced that the stablecoin would be backed...

Stably USD stablecoin enters bitcoin’s on-chain economy

0xMain
May 25, 2023

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To facilitate efficient trading within bitcoin’s (BTC) evolving on-chain economy, crypto startup Stably has introduced Stably USD, a new dollar-backed stablecoin. In a significant development for bitcoin‘s rapidly developing on-chain economy, a new dollar-backed stablecoin named Stably USD has been launched. Stably, the...

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Bitcoin’s role as a crisis hedge and the implications for the USD

0xMain
May 22, 2023

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In a recent video posted by popular cryptocurrency YouTuber, CryptosRUs, gave a comprehensive analysis of current economic events in the U.S. and their potential implications on the crypto market. US debt ceiling and economic uncertainty A pressing issue in the U.S. is the...

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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...