Hong Kong grants its first stablecoin issuer licenses to HSBC and Standard Chartered from a pool of 36 applicants; they are set to issue stablecoins in H2 2026
As Tether says it is on track for a record $10B net profit in 2024, banks around the world are exploring launching their own stablecoins for payments
- Banks are starting to issue stablecoins for payments, payroll — SocGen, Standard Chartered are among banks expanding efforts
Partior, a blockchain-based interbank payment network backed by JPMorgan, DBS, and Standard Chartered, raised a $60M Series B led by Peak XV Partners
Jamie Crawley / CoinDesk :
London-based Standard Chartered subsidiary Zodia, which provides custody services for crypto assets, raised a $36M Series A led by Japan's SBI Holdings
Standard Chartered's spin-off crypto custodial unit Zodia Custody Ltd. closed $36 million in new funding as part of a round led by Japan's SBI Holdings …
Sources: Facebook has signed up 12+ companies, including Visa, Mastercard, PayPal, and Uber, to back the cryptocurrency it plans to unveil next week
Here's Everything You Need to Know Mariella Moon / Engadget : WSJ: Facebook's cryptocurrency finds backing from PayPal and Uber Daniel Palmer / CoinDesk : Facebook Hires Standard Chartered Bank Lobbyi...
Google-backed blockchain startup Ripple raises $55M from big banks, including Standard Chartered, Accenture Ventures, and others
Ripple, a Google-backed start-up that uses blockchain technology to settle financial transactions between some of the world's biggest banks, has raised $55 million.