Weekly Review: Revolut Launches Euro Stablecoin; IG Faces Outage
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3 Articles
Weekly Review: Revolut Launches Euro Stablecoin; IG Faces Outage
This week brought a mix of product launches, regulatory developments and changes across the online trading industry. A new euro stablecoin entered circulation, while brokers faced technical disruptions, regulatory settlements and licence changes.Regulators also turned their attention to CFD protections and operational resilience in an increasingly AI-driven environment. Meanwhile, financial results and shareholder returns offered contrasting vie…
Banking challenger Revolut has begun rolling out a stablecoin pegged to the euro – and is thus racing ahead of the competing projects of the major Swedish banks. But the CEO of the major banks' consortium Qivalis, Jan Sell, believes he has a trump card.
Tether's USDT and Circle's USDC are the US dollar-based stablecoins that dominate the market, and they won't catch up so quickly and will certainly not get off the throne. Nevertheless, it can't hurt to offer alternatives in the euro area. There are now some of them. Here, too, the US vendors are already playing along, the current market leader EURC comes from Circle. Does Euro-Stablecoins work towards the dollarization of European economies? If…
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