Stablecoins Bring ‘Meaningful Innovation for Global Payments,’ Ripple Exec Says
Ripple and Kraken executives said at Consensus 2025 that stablecoin adoption is at a tipping point to become an integral part of the global payment system.
Binary trading platforms with better performance and payouts
Kraken
Ripple and Kraken executives said at Consensus 2025 that stablecoin adoption is at a tipping point to become an integral part of the global payment system.
The first contracts, EUR/USD and GBP/USD, are now live on Kraken Pro.
Former Kraken executives led by Joseph Onorati took over the real estate-focused fintech company aiming to become the first U.S.-listed firm with treasury strategy centered on Solana.
Kraken announced it will offer free Interac e-Transfer deposits for Canadian users to reduce friction for newcomers to the platform.
Kraken called the SEC’s decision to drop the case a “turning point for the future of crypto in the U.S.” in a Monday blog post
A California judge has rejected Kraken’s motion for interlocutory appeal, saying in a Monday decision that allowing an appeal would only “delay resolution” of the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the crypto exchange.
The issuance comes at a time when the European stablecoin market is poised for a shake-up as regulations for issuers will enter into full force by the end of this year.
A motion filed earlier this week rejected several of Kraken’s defenses and complained that the exchange was “trying to re-litigate the same issues repeatedly.”
One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in particular, Optimism, appears to be pulling away as the clear leader.
Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism’s OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million.