Libra Association Seeks Swiss Payments License for Stablecoin

The Libra Association, or which Facebook is a member, is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11. “Regulated, low-friction, high-security” blockchain payments In an official statement today, the Switzerland-registered Libra Association — a not-for-profit membership organization established to govern the…

Blockchain.info Confirms In-Wallet Paxos Stablecoin Trading Rollout

Cryptocurrency data aggregator and wallet provider Blockchain.info will launch trading of its fifth coin, paxos standard token (PAX), on Monday, the company told industry news outlet CoinDeskon May 31. Paxos is a United States dollar-pegged stablecoin, and its addition will be a first for Blockchain.info in the stablecoin space. Blockchain currently supports four cryptocurrencies: bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH) and stellar (XLM),…

Chinese Crypto Tycoon Li Xiaolai Joins Grandshores Technology to Develop New Stablecoin

Chinese Crypto Tycoon Li Xiaolai Joins Grandshores Technology to Develop New Stablecoin

Li Xiaolai will lead a new stablecoin project after being appointed as executive director and co-CEO of Grandshores Technology. Chinese crypto mogul Li Xiaolai will lead a new stablecoin project within Grandshores Technology. The Hong Kong-listed company, which recently switched from real estate to blockchain investment, announced on Monday that it had appointed Li as…