Ant International, the parent company of Alipay, is set to seek licenses for stablecoins in both Hong Kong and Singapore. This move comes in response to the new regulatory framework that will be implemented in August.
USDC has officially launched and is now fully operational on Ripple's XRP Ledger, allowing users to transact with this stablecoin on the platform.
According to President Trump, the establishment of a Bitcoin Strategic Reserve has been achieved, yet he insists that there is more to come. He promises to roll out 'clear and straightforward market frameworks' designed to maintain the leading position of the US dollar in Bitcoin ($BTC) and the cryptocurrency sector.