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Stablecoin Payments Platform BVNK Raises $50M Series B to Fuel U.S. Expansion
Finance

Stablecoin Payments Platform BVNK Raises $50M Series B to Fuel U.S. Expansion

100% Center coverage: 3 sources
Stablecoin infrastructure platform BVNK has raised $50 million in Series B funding as it seeks to expand its U.S. operations.Formed in late 2021, BVNK raised $40 million in Series A funding the following May and won registration in Spain a few months later. For the past year, the London-based company has been expanding in the U.S., opening an office in San Francisco, building a team and applying for operational licenses.BVNK has applied for lice…See the Story
Ethiopia: Parliament Approves Banking Proclamation, Allowing Foreign Banks to Enter Ethiopia's Financial Sector
Abiy Ahmed · Ethiopia

Ethiopia: Parliament Approves Banking Proclamation, Allowing Foreign Banks to Enter Ethiopia's Financial Sector

Coverage: 2 sources
Addis Abeba -- After years of anticipation, lawmakers have approved the long-awaited banking business proclamation, paving the way for foreign banks to enter Ethiopia's financial sector.See the Story
USDT Issuer Tether Invests in MiCA-Compliant Stablecoin Issuer StablR
BlackRock · Malta

USDT Issuer Tether Invests in MiCA-Compliant Stablecoin Issuer StablR

100% Center coverage: 1 sources
Tether, the crypto company behind the $140 billion USDT cryptocurrency, said on Tuesday it has invested in European stablecoin company StablR.StablR issues euro and U.S. dollar stablecoins EURR and USDR and obtained an electronic money institution (EMI) license in Malta in July, a necessary step to comply with EU-wide regulations.Tether will also support StablR's operations with its recently unveiled tokenization platform Hadron, providing tools…See the Story

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