IMF Says Tokenization Could Reshape Global Finance, Warns of New Risks

The International Monetary Fund (IMF) says tokenization could fundamentally reshape how financial markets operate, marking one of the strongest acknowledgments yet from a global policymaker that blockchain-based infrastructure is moving into the financial mainstream. In a blog published Thursday, Tobias Adrian, the IMF’s financial counselor and director of its Monetary and Capital Markets Department, said…

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Standard Chartered Becomes First Major Bank to Offer Direct Stablecoin Services

Institutions will be able to combine custody, banking and stablecoin services through a single onboarding process. Standard Chartered has become the first globally systematically important bank (G-SIB) to let institutional clients mint and redeem USDC directly through its banking platform, the lender has said. The service removes the need for eligible clients to open separate…

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Ripple USD Activity Pushes XRP Ledger Settlement Volume Above $2.5 Billion

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple USD, the RLUSD stablecoin, is becoming a bigger part of the XRP Ledger activity story. According to research attributed to Evernorth, RLUSD has now generated more than $2.5 billion in total XRP Ledger settlement volume, while RLUSD/XRP trading volume has approached…

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Pi Network (PI) News Today: July 2

Here’s a breakdown of the most important recent developments across the Pi Network and its ecosystem. Pi Network rarely stays out of the spotlight, as the Core Team consistently rolls out ecosystem upgrades and major announcements. Yet despite the steady stream of updates, the project’s native token has continued to slide, recently tumbling to a…

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Staking Surge Tightens Provide, However Unfavorable Sentiment Nonetheless Dominates Ethereum

Staking Surge Tightens Provide, However Unfavorable Sentiment Nonetheless Dominates Ethereum

Ethereum is having a troublesome time in the intervening time, with sentiment at all-time low, however underlying provide dynamics paint a distinct image. Ethereum has a “wall of fear” the place unfavorable sentiment is assembly staking absorption, reported CryptoQuant on Tuesday. The Coinbase Premium, a measure of institutional curiosity, is 230% beneath its three-month common,…

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