Latest news with #USD-backed
Business Upturn
19 hours ago
- Business
- Business Upturn
PBK Miner launches the first XRP cloud mining platform, leading the Ripple cloud mining revolution, using XRP to earn daily passive income
By GlobeNewswire Published on July 22, 2025, 04:13 IST London, United Kingdom , July 21, 2025 (GLOBE NEWSWIRE) — A new US stablecoin bill passed in July 2025 is further improving regulatory clarity and opening the door to institutional adoption. Ripple's USD-backed stablecoin, RLUSD, is fully collateralized by cash and US Treasuries and issued on the XRP Ledger. For investors who hold a large amount of XRP, PBKMiner provides a safe, compliant and scalable way to convert their assets into a high-yield passive income source. Users do not need to sell their positions or bear the risk of currency price fluctuations. They only need to top up and purchase computing power contracts to automatically obtain stable income every day. How to make money through cloud mining? Traditional cryptocurrency mining requires high hardware investment, complex technical configuration and continuous electricity consumption, but now, cloud mining has completely changed all this. Users can easily participate in mining by simply renting remote computing power through an online platform. Against the backdrop of the continued rise in the global cryptocurrency market, PBKMiner officially launched the XRP mining new user incentive plan, with 'zero threshold, high returns' as the core, to help new and old users easily participate in digital currency mining. The platform quickly became the focus of the industry with its innovative reward mechanism, flexible contract selection, and transparent profit model. XRP Cloud Mining Now Available—Easy, Smart, and ProfitableXRP has long been recognized for its role in cross-border payments and institutional financing, and now PBKMiner's latest innovation – user-friendly cloud mining, takes XRP to the next can mine XRP directly or take advantage of PBKMiner's intelligent AI engine, which automatically transfers mining power to the highest-yielding assets, including BTC, ETH, DOGE, USDC, and more. Earnings will be paid daily in the cryptocurrency of your choice, providing a reliable source of income regardless of market you are a novice or an experienced investor, the PBKMiner platform allows you to earn continuous cryptocurrency income anytime, anywhere. Why does PBKMiner's XRP mining stand out? – Available to Everyone: No technical skills, no hardware, no complications — just click to earn.– XRP Native: Handle XRP from deposits to withdrawals in one ecosystem.– Smart, Stable Returns: AI Mining Strategies Deliver Stable Yields Across Assets.– Built-in Flexibility: Choose to mine XRP or diversify into other top cryptocurrencies — all from one contract.– Global Instant Access: Start mining securely from anywhere in the world via your browser or app. Start earning income in just three easy steps: 1. Sign up – Create an account and get a $10 welcome bonus. 2. Choose a plan – Choose a short-term or long-term contract (1-55 days available). 3. Start earning – Track your daily rewards and withdraw them in your preferred token. Main features of PBKMiner's XRP cloud mining contract– Full XRP Ecosystem Integration: Deposit, mine, and withdraw XRP seamlessly on the platform.– Multi-currency mining support: Earn XRP, BTC, ETH, DOGE, USDC, USDT, SOL, LTC, BCH, and more.– AI Revenue Optimization: Proprietary algorithms optimize mining allocations for peak profitability.– 100% Remote Access: No hardware required – fully accessible via the PBKMiner app or browser.– Capital Protection: All contracts return full principal at expiration, minimizing risk while maximizing potential. Flexible mining contracts to meet various budget needs PBKMiner offers a variety of XRP-based cloud mining contracts designed for flexibility, predictable income, and effective risk management:$10 contract – 1 day – earn $0.6$100 contract – 2 days – earn $3.5 per day$500 contract – 5 days – earn $6.5 per day$5,000 contract – 30 days – earn $77.50 per day$30,000 contract – 50 days – earn $525.00 per dayWhether you are investing for the first time or building a long-term portfolio, PBKMiner offers transparent, low-risk contracts that bring a steady daily XRP income. Click here to explore all XRP contracts. About PBKMinerFounded in 2019, PBKMiner represents a new generation of AI-driven cloud mining technology, with data, performance, and trust as pillars. The platform supports cloud mining of XRP, BTC, ETH, LTC, DOGE, and SOL. It has helped millions of users around the world earn passive crypto income through secure, AI-driven cloud mining. With the launch of XRP mining, the platform now combines retail-level accessibility with institutional-grade technology. Users can choose to mine XRP directly, or invest in the best performing digital assets – all in a secure, fully remote environment.A PBKMiner spokesperson said:'XRP has always been fast, efficient and scalable. Now, it can also be mined securely, remotely and profitably. We have removed all barriers so that anyone can participate in the future of XRP.'The market may rise and fall, but your mining income can remain stable. Especially suitable for investors who seek sustainable long-term returns rather than speculative gains. For full details and participation options please visit: Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Cision Canada
5 days ago
- Business
- Cision Canada
WSPN's WUSD Stablecoin Now Available on Coins.ph with PHP Trading Pair
TORTOLA, British Virgin Islands, July 17, 2025 /CNW/ -- Worldwide Stablecoin Payment Network (WSPN), a leading stablecoin infrastructure provider, announced that its USD-backed stablecoin WUSD has officially listed on the Philippines' leading crypto exchange platform. The new WUSD/PHP trading pair enables Filipino users to seamlessly convert Philippine Pesos directly into WUSD, providing a trusted fiat gateway to the global stablecoin ecosystem. The listing on represents a significant milestone in WUSD's expansion across Southeast Asia, particularly in the Philippines, where digital asset adoption continues to accelerate. As the country's most trusted cryptocurrency platform serving millions of Filipino users, provides an ideal entry point for WUSD into this strategic market. Given the Philippines' position as a major remittance destination, the integration provides users with direct WUSD/PHP conversion capabilities, eliminating the need for multiple currency conversions and offering 24/7 availability for cross-border transactions and stable value storage. As WSPN continues to deepen its collaboration with leading regional exchanges, it remains dedicated to fostering a more inclusive and accessible financial ecosystem for users across Southeast Asia and beyond. About WSPN WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN's Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption. Learn more: | X | LinkedIn About is on a mission to power the new internet with easy access to digital assets and web3 products. Launched in 2014, is the most established crypto brand in the Philippines and has gained the trust of more than 18 million users. Through the easy-to-use mobile app, users can buy and sell a variety of different cryptocurrencies and access a wide range of financial services. is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.
Associated Press
5 days ago
- Business
- Associated Press
Imagen Network Uses RLUSD to Improve Multichain AI Utility in Personalized Social Apps
Ripple's stablecoin enhances transactional efficiency and AI-driven customization across decentralized environments. Singapore, Singapore--(Newsfile Corp. - July 17, 2025) - Imagen Network, the decentralized AI-powered social platform, has integrated Ripple Labs' stablecoin RLUSD to strengthen multichain utility across its personalized AI applications. This strategic move enables faster, more stable transactions across Ethereum, BNB Chain, and Solana—allowing users to unlock AI tools, governance, and creator services with improved flexibility. [ This image cannot be displayed. Please visit the source: ] Strengthening AI-powered social tools with stable, multichain payments. To view an enhanced version of this graphic, please visit: RLUSD is now supported across Imagen's modular dApp ecosystem, enabling community nodes and individual users to process service payments, content boosts, identity features, and subscription tiers with reduced volatility and faster settlement. With a USD-backed stable value, RLUSD provides accessibility for both crypto-native and traditional users, increasing global onboarding potential. This integration enhances Imagen's AI-based content filters, personalization engines, and creator monetization features—ensuring real-time, chain-agnostic access. It also powers community initiatives like airdrops, governance participation, and direct peer support within decentralized spaces. Imagen Network continues to redefine user-centric social platforms by merging intelligent tooling, transparent infrastructure, and adaptable payment systems designed to scale across borders and chains. About Imagen Network Imagen Network is a decentralized social platform that blends AI content generation with blockchain infrastructure to give users creative control and data ownership. Through tools like adaptive filters and tokenized engagement, Imagen fosters a new paradigm of secure, expressive, and community-driven networking. Media Contact Dorothy Marley KaJ Labs +1 707-622-6168 [email protected] Social Media Twitter Instagram To view the source version of this press release, please visit
Business Insider
26-06-2025
- Business
- Business Insider
Deregulation Price Catalyst Spurs Bank of America Stock (BAC) Bulls
Bank of America (BAC) is standing at the edge of a transformative moment. A wave of deregulation is about to sweep through the financial sector, promising to loosen the tight capital and compliance rules that have weighed on banks for years. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter For BAC, this could mean more cash to lend, fatter investment banking fees, and juicier shareholder returns. While the stock has climbed to new 52-week highs, it is still priced as a value play. Therefore, I'm Bullish on BAC stock. Unleashing Lending Power Through Deregulation Momentum is building around deregulation, with major banks like Bank of America (BAC) poised to benefit. Potential rollbacks to Basel III capital requirements could unlock billions by lowering reserve thresholds, giving BAC more room to lend. In Q1, the bank reported $14.44 billion in net interest income on its $2 trillion deposit base, and analysts suggest that a looser regulatory environment could increase this figure by 6–7% this year, meaningfully boosting earnings. At the same time, compliance costs—long a drag on profitability—may finally ease. BAC's recent removal from a consumer watchdog's oversight hints at a broader regulatory reprieve. If oversight continues to soften, the bank could not only lower expenses but also redirect capital toward growth areas like small business loans and mortgages. Capital Markets Ready to Roar Bank of America's investment banking and trading divisions stand to gain significantly from a potential wave of deregulation. Looser rules tend to drive M&A activity, IPOs, and market volatility—ideal conditions for BAC's Global Markets unit. In Q1, equities trading revenue surged 17% to a record $2.2 billion, and fixed income climbed 5% to $3.5 billion, as Main Street Data shows. While investment banking fees dipped 3% to $1.5 billion, reflecting a broader slowdown in U.S. M&A, CEO Alastair Borthwick pointed to a strengthening deal pipeline. A more business-friendly climate under the Trump administration could accelerate this recovery. Meanwhile, the ongoing market resilience, even amid geopolitical tensions, signals investor optimism regarding pro-growth policies. For BAC, that translates into more opportunities to capitalize on volatility. Should deregulation spark renewed corporate deal flow—or support BAC's push into digital assets, such as its proposed USD-backed stablecoin—the bank could unlock new revenue streams and deepen its market advantage. Shareholder Returns Set to Shine Deregulation could be a goldmine for BAC's shareholders as well. With less capital tied up, BAC can ramp up buybacks and dividends. In Q1, earnings rose 11% to $7.4 billion, backed by a robust Common Equity Tier 1 ratio of 11.8%, well above the 10.7% minimum. This gives BAC plenty of room to return capital if these ratio requirements go down. Today, it has a $0.26 quarterly dividend yield of 2.25%, which the company has grown for 11 straight years, with 16 years of dividend growth to boot, according to TipRanks data. Meanwhile, projected buybacks for the year reach $18 billion, screaming confidence. In fact, BAC trades at a buyback yield of 4.3% on recent repurchases, which, along with the dividend, form a blended yield of 6.5%. Not bad for a company expected to see notable growth in the near term. In the meantime, the payout ratio stands at just 28.4% this year's consensus EPS estimate of $3.66, so an acceleration in the rate of dividend hikes is indeed possible. A Bargain Hiding in Plain Sight At today's share price, BAC stock is trading at its 52-week highs, but in my view, it's still a steal. Consensus EPS estimates project 14% growth to $3.66 in 2025, followed by an acceleration to 17% growth to $4.25 in 2026. Yet, BAC trades at just 12.7x 2025 EPS, which is significantly below that of some of its competitors. For context, JPMorgan's (JPM) 15x and Wells Fargo's 13.5x multiples are higher, despite BAC outpacing their growth forecasts. Tariff fears and potential rate cuts (which could possibly shave $3.3 billion off net interest income if rates drop 100 basis points) could spook investors. However, BAC's strong wealth management inflows and trading gains suggest that the impact may not be as harsh on a consolidated basis. What is the Price Target for Bank of America? Wall Street's stance on Bank of America stock is quite bullish. As things stand, BAC carries a Strong Buy consensus based on 18 Buy and two Hold ratings in the past three months. BAC's average 12-month price target of $49.50 implies a potential upside of approximately 6%, suggesting that many analysts believe the stock could continue to rise despite trading just below 52-week highs. Deregulation Tailwinds Could Power Next Leg of BAC Growth Bank of America is approaching a pivotal moment, with potential deregulation poised to unlock fresh growth opportunities. Positioned to boost lending, energize its capital markets division, and enhance shareholder returns, BAC looks compelling—especially at just 12.7x earnings and with EPS expected to rise 14–17% in the near term. While macroeconomic risks, such as trade tensions and interest rate shifts, remain, the bank's strong balance sheet and diversified operations provide a solid foundation for continued performance and investor upside.
Yahoo
30-05-2025
- Business
- Yahoo
National interests are setting the trajectory of stablecoin and CBDC markets
Among the first US Presidential orders was banning the Federal Reserve's (Fed) digital dollar creation in January 2025 to keep the Central Bank from entering the organically developing digital currencies space. The move signalled a clear break from state-issued digital currencies and an ideological shift toward market-driven innovation. By May, Bitcoin hit another all-time high above $111,000 and the country's top banks—JP Morgan, Bank of America, Citi, and Wells Fargo—announced a joint stablecoin initiative, showing a 180-degree shift from the Democrat-era cryptocurrency sentiment. Not only does this mark a reputational pivot for institutions that once distanced themselves from crypto, but it also underscores how regulatory tailwinds can rapidly reshape institutional strategy. Across the Atlantic, the European Central Bank (ECB) set up new groups to explore digital euro use cases in its most-recent push. Yet, the share of euro-backed stablecoins remains under 1% of the total supply dominated by USD-backed coins (99%+); highlighting the disproportionate influence of US monetary infrastructure on global digital finance. This imbalance has emerged as a silent yet powerful driver of USD demand, especially important at a time when appetite for the dollar is weakening globally amid growing trade wars. The largest US incumbents moving into the crypto space via a stablecoin initiative was anticipated following the most-recent advancement of the GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act in the Senate. Years of restrictive regulation on crypto assets has left traditional banks with no choice but to campaign against the industry, which is arguably the biggest competitive threat to traditional finance and its institutions yet. The four banks' joint stablecoin announcement now signals a systemic shift, as the GENIUS Act is set to bring long-awaited federal oversight to the stablecoin market in the form of consumer protection and national security measures. The timing suggests a strategic play of US banks aligning with federal efforts to regulate stablecoins in an attempt to steer it in their favour. Meanwhile, Europe's MiCA (Markets in Crypto-Assets) regulation proved too restrictive for by far the largest stablecoin Tether to comply, which is now unavailable on European exchanges. Though, the biggest demand for Tether's services is concentrated in emerging markets out of necessity for fast, cheap, and reliable transfers. With that said, the ECB's two, new 'Pioneers' and 'Visionaries' workstreams are currently looking for and testing potential functionalities and use cases for the digital euro that aims to launch by the end of the year. The scope of these trials suggests that beyond consumer payments, the ECB is considering applications in programmable finance, automated tax collection, and cross-border trade—all areas where it seeks to reduce its dependence on US-based infrastructure. So far, the trajectory of private vs government-issued digital currencies shows strong correlation with national interests and its regulatory backing, which is expected to continue shaping stablecoins' and Central Bank Digital Currencies' (CBDCs) regional development paths moving forward. The ECB is unlikely to relax MiCA rules as it recently named the digital euro one of the three structural economic policy priorities, amid their ongoing push for payments independence from US providers. On the other hand, creating a supportive regulatory environment for stablecoins aligns with the Fed's monetary interests too; given that stablecoin issuers are set to become the largest US Treasury securities holders globally by 2030 as foreign government demand drops. This makes stablecoins not just a tech innovation, but an increasingly vital pillar of US fiscal stability. Blandina Hanna Szalay is an analyst, banking & payments, at GlobalData "National interests are setting the trajectory of stablecoin and CBDC markets" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
