Revolut launches euro stablecoin EURR in Denmark, Poland, and Portugal

·1 views

Revolut has begun rolling out its euro-pegged stablecoin, EURR, to customers across select European markets. The initial launch targets users in Denmark, Poland, and Portugal, with availability limited to a chosen group of customers. The move marks a significant step toward mainstream adoption of euro-denominated stablecoins in Europe. Revolut, one of Europe's largest fintech firms, is positioning EURR as part of its broader push into digital assets.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Japan plans blockchain-based stock and bond settlement system by early 2030s

Japan's financial regulators are working toward launching a blockchain-based settlement system for stocks and bonds in the early 2030s. The initiative aims to modernize the country's national financial infrastructure. A key motivation behind the push is to retain institutional investors and foreign capital that may otherwise move to more technologically advanced overseas markets. The move reflects a broader urgency among Japanese authorities to keep the country competitive in global finance.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Zcash drops 8% as Grayscale spot ETF debuts on NYSE after 60% rally

Zcash, a privacy-focused cryptocurrency, fell approximately 8% on Tuesday after its Grayscale spot ETF began trading on the New York Stock Exchange. The ETF launch had been a key driver behind Zcash's surge to an eight-year price high. Traders appear to be engaging in classic 'sell the news' behavior following the highly anticipated event. The pullback is compounded by significant leverage that had built up during the rally leading to the listing.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin faces heightened volatility as $6.4B options contracts expire Friday

A large batch of Bitcoin options contracts worth $6.4 billion is set to expire this Friday. The expiry comes after Bitcoin recently surged from $62,000 to $80,000, significantly shifting market dynamics. The sharp price rally has left market makers with greater exposure to manage across multiple key strike prices. This concentration of risk around certain price levels could amplify price swings around the expiry date.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

ETF Issuers Now Let Bitcoin Whales Swap Self-Custody Holdings for ETF Shares

Major ETF issuers are making it simpler for large bitcoin holders, commonly known as whales, to exchange their self-custodied bitcoin for ETF shares. This development lowers a key barrier that previously made such conversions difficult for high-net-worth investors. The move reflects growing institutional appetite for regulated bitcoin investment vehicles over direct asset custody. By offering this pathway, Wall Street firms are positioning ETFs as a more accessible and compliant alternative to self-custody for large-scale investors.

0 comments Read more at CoinDesk