BitcoinWorld Revolutionary USDSL Stablecoin Launched by Slash: Transforming Global Payments U.S. neobank Slash has introduced a significant advancement in global finance: the USDSL stablecoin . This new digital currency, backed by the U.S. dollar and issued through Stripe’s Bridge, promises to redefine how businesses handle international transactions. Imagine a world where cross-border payments are not only faster but also significantly cheaper. Slash is making this vision a reality with its innovative solution, addressing long-standing pain points in the global payment landscape. What is the USDSL Stablecoin and How Does It Work? The USDSL stablecoin is essentially a digital representation of the U.S. dollar on a blockchain. This means its value is pegged 1:1 to the USD, offering stability that volatile cryptocurrencies often lack. Unlike traditional bank transfers that can take days, especially across borders, stablecoins facilitate near-instant settlements. Here’s how it simplifies things: USD-Backed Stability: Each USDSL token is backed by an equivalent amount of U.S. dollars, ensuring its value remains consistent. Blockchain Efficiency: Transactions occur on a blockchain, providing transparency and speed. Reduced Intermediaries: Fewer banks and intermediaries mean lower fees and faster processing. This innovation is particularly impactful for businesses dealing with international suppliers or customers. Why is Slash USDSL a Game-Changer for Global Business Payments? The traditional system for global business payments is often slow, expensive, and complex. Businesses frequently face delays, high foreign exchange (FX) fees, and opaque settlement processes. Slash’s USDSL stablecoin directly tackles these issues head-on, offering a compelling alternative. Consider these key benefits: Dramatic Speed Increase: Settlement times can be reduced from days to mere minutes or seconds, improving cash flow for businesses. Significant Cost Savings: By minimizing or eliminating FX fees and reducing reliance on costly SWIFT transfers, businesses save money. Enhanced Transparency: Blockchain transactions provide an immutable record, offering clear visibility into payment flows. Global Accessibility: Businesses can transact with partners worldwide without the usual banking hurdles. This move by Slash is poised to transform how companies manage their international finances. The Role of Stripe Bridge in This Crypto Payment Innovation A crucial element enabling this launch is Stripe’s Bridge, which acts as the issuer for the Slash USDSL stablecoin. Stripe, a giant in online payment processing, bringing its infrastructure and trust to the stablecoin space, signals a major endorsement for digital currencies in mainstream finance. Stripe Bridge likely handles the on-ramping and off-ramping of fiat currency to USDSL, ensuring the peg’s integrity and providing the necessary regulatory compliance framework. This partnership between Slash and Stripe is a powerful example of how established financial technology companies are embracing crypto payment innovation to solve real-world problems. Their collaboration helps bridge the gap between traditional finance and the emerging digital asset economy. Navigating Stablecoin Regulation: The GENIUS Act’s Impact The launch of USDSL comes at a pivotal time for stablecoin regulation US . The recent passage of the GENIUS Act is a significant development, providing a clearer regulatory framework for U.S. stablecoin issuers. This legislation aims to bring more certainty and consumer protection to the stablecoin market, fostering responsible growth. For companies like Slash, a defined regulatory environment is crucial. It provides the legal clarity needed to operate confidently and scale their offerings. This regulatory backing helps instill greater trust among businesses and institutions considering stablecoins for their operations. The GENIUS Act helps pave the way for broader adoption of compliant stablecoins like USDSL. The introduction of the USDSL stablecoin by Slash, powered by Stripe’s Bridge, marks a pivotal moment for global business payments. By offering a faster, cheaper, and more transparent alternative to traditional methods, Slash is empowering businesses to operate more efficiently on a global scale. Coupled with evolving regulatory clarity, this innovation highlights the growing maturity and practical application of stablecoins in the real economy. It’s an exciting step towards a more interconnected and streamlined financial future for businesses worldwide. Frequently Asked Questions (FAQs) Q1: What is the primary benefit of using USDSL stablecoin for businesses? A1: The primary benefit is significantly reduced settlement times and lower foreign exchange (FX) fees for international business payments, leading to improved cash flow and cost savings. Q2: How does USDSL maintain its stable value? A2: USDSL maintains its stable value by being fully backed 1:1 with U.S. dollars, ensuring that each digital token represents an equivalent amount of fiat currency. Q3: What is Stripe’s Bridge’s role in the USDSL launch? A3: Stripe’s Bridge acts as the issuer for the USDSL stablecoin, leveraging Stripe’s established infrastructure to facilitate the on-ramping and off-ramping of funds and ensure regulatory compliance. Q4: How does the GENIUS Act affect stablecoins like USDSL? A4: The GENIUS Act provides a clearer regulatory framework for U.S. stablecoin issuers, offering legal certainty, fostering responsible growth, and increasing trust among users and institutions. Q5: Can any business use USDSL for international payments? A5: While designed for global business payments, specific eligibility may depend on Slash’s service availability and compliance requirements in different jurisdictions. Businesses interested should consult Slash directly. Q6: Is USDSL a volatile cryptocurrency? A6: No, USDSL is a stablecoin, meaning its value is pegged to the U.S. dollar to minimize price volatility, unlike traditional cryptocurrencies such as Bitcoin or Ethereum. If you found this article insightful, consider sharing it with your network! Help us spread the word about the exciting advancements in crypto payments by sharing on social media platforms like X (formerly Twitter), LinkedIn, and Facebook. Your support helps more businesses discover the future of finance! To learn more about the latest crypto market trends, explore our article on key developments shaping global business payments innovation . This post Revolutionary USDSL Stablecoin Launched by Slash: Transforming Global Payments first appeared on BitcoinWorld and is written by Editorial Team
On Tuesday, Coinbase revealed it has launched a beta version of “Embedded Wallets” for developers, offering integrated wallet creation, fiat onramps, token swaps, and 4.1% USDC rewards through a unified API suite. Coinbase Debuts Embedded Wallets Beta The new tool, part of the Coinbase Developer Platform (CDP), allows developers to incorporate self-custodied crypto wallets directly
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
The move comes after the agency exempted self-custodial and custodial staking in May.
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The top US-based crypto exchange by volume is announcing upcoming support for a low-cap artificial intelligence (AI)-powered decentralized finance (DeFi) token. In a new announcement, Coinbase says that it has added Mamo ( MAMO ) to its listing roadmap, indicating plans to list the coin for trading in the future. Mamo is a personal finance bot project that aims to boost user return on interest through tools powered by AI. According to the platform’s whitepaper , the protocol: “Creates calm, steady progress through thoughtful, risk-aware strategies Explains everything in plain language, helping you learn as you earn Keeps you in control. Add, pause, withdraw anytime. No lockups. No confusing rules. Works quietly alongside your life, not demanding center stage.” MAMO is the native token of the protocol. The MAMO supply is fixed at 1,000,000,000 tokens. Source: Mamo/Medium MAMO is trading for $0.166 at time of writing, up 16.3% on the day and over 111% in the last month. Last week, two decentralized science altcoins faltered after gaining support from the top US-based crypto exchange platform by volume, Coinbase. In a post on the social media platform X, Coinbase also recently announced the addition of two decentralized science (DeSci) protocols – Bio Protocol ( BIO ) and ResearchCoin ( RSC ) – to its suite of crypto products. Following the announcements, the tokens both fell in price. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/vvaldmann The post Coinbase Adds AI Personal Finance Project to Listing Roadmap, Triggering Altcoin Rallies appeared first on The Daily Hodl .
We’re committed to providing traders with greater flexibility and control, and are excited to announce a significant expansion in our collateral opportunities for Kraken Pro traders. With this update, the number of collateral currencies you can use for margin and derivatives trading has increased to 52. Start trading on Kraken Pro What is a collateral currency? A collateral currency can be fiat, crypto or stablecoin you can use for trading on margin. Unlike standard spot trading, margin trading allows you to open long or short positions by borrowing funds directly from Kraken. When you trade on margin, Kraken’s margin pool is used for the purchase or sale of the cryptocurrency, while your collateral secures the extensions of margin. The collateral currency you use does not need to match the trading pair of the order book you’re trading on, allowing for greater flexibility to go long or short in any margin enabled trading pair . Note: Both unstaked and Kraken Rewards assets can be used as margin collateral. However, assets held in Kraken Pro on-chain staking are ineligible to use as margin collateral. Maximizing the benefits of margin trading Expanding the range of collateral currencies may empower s traders in several ways: Tax advantages In some jurisdictions, using digital assets as collateral rather than selling them outright can defer taxable events. By leveraging collateral currencies for margin trading, traders can potentially reduce immediate tax liabilities while maintaining exposure to their holdings. Diversification of collateral By using multiple collateral currencies, you can better manage risk and reduce exposure to volatility in any single asset. This is particularly valuable for traders seeking to safeguard their positions in unpredictable markets. Improved liquidity With more assets eligible as collateral, you can free up funds for other trading opportunities while maintaining robust positions on margin. This ensures your portfolio remains active and responsive to market changes. Strategic flexibility The ability to combine assets with different haircuts enables fine-tuned margin strategies tailored to your risk tolerance and market outlook. Whether you prefer conservative or aggressive trading, expanded collateral options provide the adaptability you need. Hedging and short selling opportunities With access to margin trading and a diverse range of collateral currencies, traders can hedge their existing positions or take advantage of downward market movements through short selling. This opens up opportunities for profit regardless of market direction. Leverage and capital efficiency Margin trading can amplify your buying power, allowing you to take larger positions than your available capital. This capital efficiency is further enhanced by the ability to use a broader range of collateral currencies, enabling you to maximize potential returns while optimizing resource allocation. New collateral currencies Here’s the list of the 8 new assets being added to Kraken’s margin collateral lineup, bringing the total to 52 options . Asset Haircut SPX6900 (SPX) 20% Algorand (ALGO) 10% Ondo (ONDO) 10% Fartcoin (FARTCOIN) 20% Artificial Superintelligence Alliance (FET) 10% Unisawl (UNI) 10% Curve DAO Token (CRV) 10% Ethena (ENA) 10% Understanding haircuts When using a currency as collateral, Kraken applies a “haircut” to determine its effective value. This haircut reflects the percentage reduction applied to the asset’s value to account for potential price volatility. For example, if you hold $1,000 worth of an asset with a 20% haircut, its collateral value is calculated at $800. This approach ensures greater stability and reduces the risk associated with using volatile assets as margin collateral. What to keep in mind It’s important to note that collateral assets used to open margin positions cannot be exchanged for other currencies or withdrawn while the position is open. These assets remain reserved as collateral and are visible in your account balance, but they are restricted from trading or withdrawals. You can check the availability of your collateral assets at any time through the Funding tab in your Kraken account. Ready to trade but don’t have a Kraken account yet? Sign up for Kraken Pro today ! Start trading on Kraken Pro Availability of margin trading services is subject to certain limitations and eligibility criteria . Trading using margin involves an element of risk and may not be suitable for everyone. Read Kraken’s Margin Disclosure Statement to learn more. Investment services, ancillary services and investment activities (the “Services”) in relation to derivatives in the European Economic Area, are provided and carried out by Payward Europe Digital Solutions (CY) Limited. (“PEDSL-CY”). PEDSL-CY is authorised and approved by the Cyprus Securities and Exchange Commission (CySEC) with licence number 342/17. PEDSL-CY is registered in Cyprus with registered number HE 356603. Read our Risk Disclosure Statement to learn about the risks. For any other markets, excluding the US, Payward Digital Solutions Ltd. is licensed to conduct digital asset business by the Bermuda Monetary Authority. Read Kraken Derivatives’ Risk Disclosure to learn more. Trading derivatives and other financial instruments, including leveraged financial instruments, involves significant risks and is not appropriate for all investors. You could lose more than your initial investment. The post Announcing 8 new margin and futures collateral currencies on Kraken Pro appeared first on Kraken Blog .
Key Takeaways: Lancashire Police will reinvest £500,000 from a Bitcoin forfeiture tied to a 2017 fraud case. The force has applied a crypto wallet freezing order under the Proceeds of Crime Act for the first time. The victim was repaid in full, and surplus funds will be directed toward crime prevention through a national innovation fund. Lancashire Police will receive £500,000 to reinvest in crime prevention after securing a forfeiture order on Bitcoin linked to a 2017 fraud case, according to a statement published by the authority. The investigation began when officers received a report of stolen funds later traced to Bitcoin conversions by offenders from Blackpool, Fleetwood, and Blackburn. Those involved were prosecuted and sentenced, while the Bitcoin’s value increased beyond the original stolen amount. Police get £500,000 windfall from seized Bitcoin https://t.co/RvLS59rPbY — BBC Lancashire (@BBCLancashire) August 5, 2025 First Use of Crypto Wallet Freezing Powers In a first for the force, a crypto wallet freezing order was applied under the Proceeds of Crime Act, allowing the assets to be seized. The victim was fully compensated, and with the law prohibiting overpayment, a £1 million surplus remained. A judge approved its forfeiture, directing the proceeds to be split between the Home Office and Lancashire Police. Half of the funds, £500,000, will be allocated to the Prevention and Problem-Solving Innovation Fund within the coming months. Detective Sergeant David Wainwright of the Economic Crime Unit said, “This is a great result for the people of Lancashire, and hopefully the first of many future uses of this new legislation.” Funds to Support Local Safety Initiatives in the UK The fund prioritizes community projects, crime prevention programs, and law enforcement tools. Previous allocations have included drones for surveillance, spam-call-blocking devices, and initiatives approved by the Antisocial Behaviour Prevention team. Wainwright noted that while it was unusual for criminal property to appreciate beyond the original crime value, the outcome both compensated the victim and created resources to reduce future offenses. By reinvesting seized crypto assets , Lancashire Police seek to disrupt criminal financial gains while strengthening public safety efforts across the county. Cryptocurrency is increasingly being addressed in financial crime enforcement, not only in seizure but also in post-recovery management. Police departments are beginning to handle digital assets through legal and administrative processes similar to those used for physical property. In the UK , as discussions continue around a formal digital asset framework, cases involving crypto recovery may influence how local forces approach asset tracing, evidence handling, and redistribution of funds. Frequently Asked Questions (FAQs) How might this case affect future fraud investigations involving cryptocurrency? It could encourage wider use of wallet freezing orders and expand training for officers on tracing digital asset flows. What challenges do police face when valuing seized cryptocurrency? Volatility makes asset valuation complex. Authorities must often secure court approval quickly to manage the risk of large price swings. Could crypto forfeitures change how police forces budget for technology? Yes. Consistent inflows from such cases could allow forces to self‑fund advanced digital crime‑fighting tools without relying solely on central budgets. The post Lancashire Police Turn Crypto Confiscation into £500K Anti-Crime Budget After Landmark Wallet Freeze appeared first on Cryptonews .