Mastercard is buying stablecoin infrastructure firm BVNK for up to $1.8-billion as it pushes into blockchain payments.
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Africans lead the world in stablecoin use, driven by dollar demand and weak banking infrastructure.
Global crypto leader Binance continues to set the standard for regulatory compliance and security, driving innovation with transparency and trust.
South Africa is tightening the regulatory net around crypto – this time targeting cross-border capital flows.
Bithumb accidentally gave away $44-billion worth of bitcoin to customers as promotional rewards.
Stablecoins are reshaping global finance, but South Africa’s regulatory inaction risks leaving consumers and banks exposed.
Bitcoin made a 16-month low and tested key $60 000 support on Friday as a global selloff in technology stocks deepened.
Bitcoin slid towards $70 000 on Thursday as hawkish Fed fears and heavy ETF outflows deepened the latest crypto rout.
As stablecoin adoption rises, traditional financial institutions are rushing meet the needs of businesses and consumers.
A partnership between four financial institutions has led to the launch of an “institutional-grade” stablecoin pegged to the rand.