#NYDFS

[wecoinverse]

🚨 Big news in the crypto world! Ripple secures final approval from NYDFS for $RLUSD.

🌟 A significant step towards innovation and trust in digital finance! 💸🔥

[postsofbabel]

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[zero2046-blog]

PayPal 将稳定币 PYUSD 引入 Stellar，推进跨境支付与融资应用

深潮 TechFlow 消息，6 月 11 日，据CoinDesk报道，PayPal宣布将旗下美元稳定币PYUSD扩展至Stellar区块链，旨在拓展跨境汇款与支付融资（PayFi）场景。此前PYUSD已在以太坊与Solana运行。通过Stellar网络，PYUSD可为中小企业提供实时工作资金，用于支付供应商、库存管理等运营需求。该合作已获纽约金融服务局（NYDFS）批准，待最终集成审查完成后上线。

[primezone003]

MoonPay Bags BitLicense From New York: Report

Key Notes MoonPay is now holding the BitLicense from the NYDFS. Robinhood, PayPal, Coinbase, and Circle also hold related licenses. The firm has continued to print new partnerships that may soar with the BitLicense. Popular crypto money transmitter and infrastructure firm MoonPay has secured the acclaimed New York BitLicense. This BitLicense and money transmitter licenses ensure the firm has…

[zohaibyter]

MoonPay receives NY BitLicense approval

Cryptocurrency payments company MoonPay said it would be able to offer its service to users in all 50 US states after receiving licensing approval in New York. In a June 4 notice, MoonPay said the New York State Department of Financial Services (NYDFS) granted its US company a BitLicense and a money transmitter license. The addition of the BitLicense makes MoonPay one of 35 digital currency…

[fabiopempy]

Ripple USD Just Got Approved In Dubai—Here’s Why It Matters

Ripple’s dollar-backed stablecoin RLUSD today secured the status of a “Recognised Crypto Token” from the Dubai Financial Services Authority, clearing it for use inside the Dubai International Financial Centre. The designation, announced only six months after RLUSD’s launch under a New York Department of Financial Services (NYDFS) trust-company charter, makes RLUSD the first fully-reserved

Read More: You won't believe what happens next... Click here!

[arbitcoin]

تقوم OKX بإزالة 11 زوجًا تداولًا بما في ذلك USDT/USDC في تعديل كبير

Crypto Exchange OKX تهز الطاولة مع تحرك لا بد أن يتم ملاحظته. في الأسبوع المقبل ، ستقوم المنصة بحذف 11 زوجًا من تداول المواقع ، لكنها ليست الرموز الغامضة التي تصطاد عناوين الصحف. إنه شطب USDT/USDC، زوج stablecoin-to-stablecoin الأساسي ، يعتمد العديد من التجار ، وهذا هو تحول الرؤوس.لماذا الآن؟ هذا هو السؤال الذي يتردد في السوق - خاصةً مع قيام OKX بتجميع التوسع في الولايات المتحدة مع تراخيص في 47 ولاية ومقر جديد في سان خوسيه. التوقيت حاد للغاية بحيث لا يمكن تجاهله.OKX يسحب القابس على أزواج التداول الرئيسيةإلى جانب USDT/USDC ، تتضمن القائمة الشطب أسماء أقل شهرة: صفر/USDT و Zero/USDPRQ/USDT و PRQ/USDIQ/USDT و IQ/USDarty/USDT و Arty/USDفقط/USDT و فقط/USDيقول OKX إن القرار يأتي من "عملية مراجعة منتظمة للحفاظ على أسواق تداول صحية" ، لكنه لم يعط أي رؤية أخرى.ومع ذلك ، استشهد بيان منفصل برؤساء: مراقبة السوق الداخلية وتعليقات المستخدمين. أظهرت أزواج التداول هذه علامات على زيادة التقلبات أو انخفاض السيولة أو ضعف أداء السوق. تعكس هذه الخطوة التزامًا بـ "حماية المستخدم وسلامة السوق".القراءة اليسرى للمجتمع بين السطور. عملت USDT/USDC منذ فترة طويلة كجسر سيولة سريعة بين StableCoins - لذلك ليس مرشحًا شطبًا نموذجيًا بسبب انخفاض الحجم أو التقلب.يلتقي التوسع الأمريكيكانت استراتيجية OKX الأمريكية عدوانية في عام 2025 ، حيث توج بتوظيف باركليز السابق و Hidden Road Exec Roshan Robert لقيادة العمليات الإقليمية. ولكن خلف الستار ، كان هناك تهوقف.التحولات القانونية جارية. خرجت المستشارة العامة العالمية ميليسا مويلفيلد ، التي ارتفعت عبر صفوف أوكوين. ويتبع سلسلة من المغادرة العليا بعد تسوية OKX بقيمة 500 مليون دولار مع وزارة العدل الأمريكية في وقت سابق من هذا العام. CLO المعينة حديثًا هي Linda Lacewell - المشرف السابق على NYDFS - المكلف الآن بإصلاح القانون القانونية والامتثال من الداخل إلى الخارج.إثبات أن تلميحات في تحول أعمققبل أسابيع فقط من إعلان الشطب ، كشفت لقطة OKX في 7 أبريل عن انخفاض بنسبة 3.62 ٪ في حيازات USDT (295 مليون دولار) وانخفاض 8.04 ٪ في USDC (100 مليون دولار). صدفة؟ ربما. لكن إعادة تنظيم الاحتياطيات ، المقترنة بإزالة زوج stablecoin الأساسي ، تثير أسئلة أكبر حول أولويات OKX المتطورة - خاصة في سوق الولايات المتحدة تحت التدقيق التنظيمي المتجدد.ما يجب أن يعرفه التجار الآنسيتم إلغاء جميع الطلبات المفتوحة المرتبطة بالأزواج المتأثرة تلقائيًا أثناء النافذة الحموضة. ستظل الأموال متاحة في إطار قسم "غير قابل للتطبيق" ، لكن OKX تحث المستخدمين على سحب الأصول أو تحويلها قبل القطع.لذلك من الواضح - حتى أزواج التداول الأكثر دراية ليست محصنة ضد إعادة التعيين!

[marvinmikkelson3]

IBITEX： BlackRock's compliant digital asset trading platform

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Financial Ecology: Intelligent Compliance Audit System, Funds Flow Traceable Throughout the Process

Payment ecosystem: Global fiat currency channel support for fast deposit and withdrawal

Asset management ecosystem: professional quantitative strategy combination, annualized return based on 50% ➕

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Token ecosystem: IBIT Token runs through the entire platform, building a complete value system

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Enjoy exclusive BlackRock professional asset management service support

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[btcinfonews]

Jack Dorsey's Block Fined $40 Million for Crypto Compliance Failures

💸 Jack Dorsey’s Block Fined $40 Million: The Crypto Compliance Circus 🎪

Ah, the sweet smell of regulatory justice! Just when you thought you could catch a break in the wild world of crypto, Block Inc. decided to play tag with the law and came out $40 million poorer. 💰💔

"Block Fined $40 Million for Crypto Compliance Failures!"

Let’s break it down, folks! According to our friends in regulatory high places, Block’s failure to follow crypto compliance and anti-money laundering (AML) practices led them straight into the penalty box. Maybe next time they’ll remember that regulations are not just suggestions. 😏

“Compliance functions must keep pace with company growth. The rapid growth of Block’s Cash App absent a robust compliance function created risk and vulnerabilities.” - Adrienne A. Harris, Superintendent at NYDFS

This hefty fine isn’t just a slap on the wrist; it's a wake-up call for crypto firms everywhere to shape up. Think of it like a diet plan, but instead of calories, we're counting compliance measures. 🍔➡️📈

Are We Seeing a Shift in the Crypto Landscape?

Analysts suggest the Block fine could set the stage for *major* changes in how companies deal with compliance. After all, nobody likes the prospect of a regulatory body who’s got their eyes on EVERY move. 👀👮‍♂️

As the crypto market watches this drama unfold, it’s clear that financial penalties might become the new norm. Will this finally convince everyone to play by the rules? Only time will tell! ⏳🔍

For a deep dive into this compliance catastrophe, check out the full article here. Because nothing screams "invest wisely!" like keeping an eye on the fines accruing to major players in the crypto realm! 📉

So, what's your take on this latest development? Is it just a hiccup in the crypto rollercoaster, or a sign of things to come? Let me know in the comments! 🚀👇

#CryptoNews #BlockIncfine #JackDorsey #Blockchain #CryptoCompliance #Finance #InvestSmart

[buzzleaktv]

Jack Dorsey's Block fined $40M for alleged crypto compliance, AML failures

Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10. Block was fined by the New York Department of Financial Services (NYDFS) following an investigation into Cash App’s Anti-Money Laundering (AML) and cryptocurrency compliance operations, Bloomberg said…

[qhsetools2022]

칼럼 | 사이버 보안의 두 축 ‘CISO와 이사회’가 서로에게 진정으로 원하는 것

최근 기업 이사회에서는 사이버 위협에 대한 우려가 급격히 커지고 있다. 이에 따라 규제 기��의 관심도 높아졌으며, 특히 이사회 차원의 사이버 보안 관여 강화를 요구하는 규제가 강화되고 있다. 이러한 흐름 속에서 이사회는 보안 책임자에게 점점 더 많은 질문을 던지고 있다. 2023년 11월, 뉴욕 금융서비스국(NYDFS)은 ‘23 NYCRR 파트 500’ 개정안을 확정했다. 이 법안은 필요한 사이버보안 통제 조치를 매우 구체적으로 명시한 점에서 주목받았으며, 초안에서는 이사회에 적절한 사이버보안 전문성을 갖춘 구성원이 포함돼야 한다는 내용도 담겼다. 유사한 움직임은 호주에서도 나타났다. 호주기업이사회(AICD)는 최근 ‘사이버 거버넌스 원칙’을 개정했다. 이는 지난해 호주 의회를 통과한 ‘사이버보안 법안’과…

[zero2046-blog]

前福布斯商业记者：MoonPay 获得纽约 BitLicense

深潮 TechFlow 消息，6 月 4 日，据前福布斯商业记者 Eleanor Terrett 报道，MoonPay 已成功获得纽约州金融服务部（NYDFS）颁发的 BitLicense。这一批准使 MoonPay 成为少数几家获准在纽约州运营的加密原生公司之一，其它获得许可的公司包括 Coinbase、Anchorage 和 Circle。此次获批使该公司为全美 50 个州的客户提供服务铺平了道路。

[top10stablecoins]

Top 10 Stablecoins Ranked by Security & Reliability

Introduction

Stablecoins have become a crucial part of the cryptocurrency ecosystem, offering the price stability of fiat currencies while maintaining the efficiency and decentralization of blockchain technology. However, not all stablecoins are equally secure and reliable. Factors such as collateral backing, regulatory compliance, smart contract security, and transparency play a major role in determining their trustworthiness.

In this guide, we’ll rank the top 10 most secure and reliable stablecoins based on these factors. Whether you’re looking for a safe digital asset for payments, savings, or DeFi investments, this list will help you choose the best stablecoin for your needs. Plus, we’ll highlight how a crypto banking app like click here can help you manage stablecoin transactions efficiently.

What Makes a Stablecoin Secure & Reliable?

When evaluating stablecoins, security and reliability depend on several key factors:

✔ Collateral Backing – Fully backed stablecoins (1:1 reserves) are generally safer than algorithmic or partially backed ones. ✔ Regulatory Compliance – Regulated stablecoins offer greater transparency and legal protections. ✔ Audits & Transparency – Regular audits by third parties ensure stablecoins are properly backed. ✔ Smart Contract Security – A secure blockchain infrastructure reduces the risk of hacks or exploits. ✔ Liquidity & Market Adoption – A widely used stablecoin has higher trust and better usability.

With these criteria in mind, let’s rank the top 10 most secure and reliable stablecoins.

Top 10 Most Secure Stablecoins

1. USD Coin (USDC) – Best for Transparency & Compliance

Issuer: Circle & Coinbase

Collateral: Fully backed by U.S. dollar reserves

Blockchain: Ethereum, Solana, Avalanche, Polygon, Algorand

Key Features:

Regularly audited by Grant Thornton LLP

Regulated under U.S. financial laws

Widely accepted across DeFi, payments, and exchanges

Security Rating: ⭐⭐⭐⭐⭐

Why Choose USDC? ✔ High transparency, regular audits, and strong institutional backing make it one of the safest stablecoins.

2. Tether (USDT) – Most Liquid & Widely Used Stablecoin

Issuer: Tether Limited

Collateral: Partially backed by cash, bonds, and other assets

Blockchain: Ethereum, Tron, Binance Smart Chain (BSC), Solana, Algorand

Key Features:

Highest liquidity and trading volume in the crypto market

Multi-chain support for low-fee transfers

Recently increased transparency on reserve backing

Security Rating: ⭐⭐⭐⭐☆

Why Choose USDT? ✔ Best for fast transactions and high liquidity, especially on Tron (TRC-20) for low fees.

3. DAI – Best for Decentralization & Smart Contract Security

Issuer: MakerDAO (Decentralized)

Collateral: Crypto-backed (ETH, BTC, USDC, etc.)

Blockchain: Ethereum, Layer-2s (Arbitrum, Optimism, Polygon)

Key Features:

Overcollateralized to reduce risk

Fully decentralized and governed by MakerDAO

No reliance on traditional banks

Security Rating: ⭐⭐⭐⭐☆

Why Choose DAI? ✔ Ideal for users who prefer decentralized and censorship-resistant stablecoins.

4. Binance USD (BUSD) – Best for Exchange & Trading Stability

Issuer: Binance & Paxos

Collateral: Fully backed by U.S. dollar reserves

Blockchain: Ethereum, BSC, Polygon

Key Features:

Monthly audits for full reserve backing

Highly regulated under NYDFS

Fast transactions and low fees on BSC

Security Rating: ⭐⭐⭐⭐⭐

Why Choose BUSD? ✔ Secure and regulated stablecoin backed by a major exchange.

5. TrueUSD (TUSD) – Best for Independent Audits

Issuer: TrustToken

Collateral: Fully backed by USD reserves

Blockchain: Ethereum, Binance Smart Chain

Key Features:

Live proof-of-reserves with real-time audits

Backed 1:1 with U.S. dollars

Widely used in DeFi platforms

Security Rating: ⭐⭐⭐⭐☆

Why Choose TUSD? ✔ Transparent stablecoin with real-time reserve verification.

6. Pax Dollar (USDP) – Best for Stability & Regulatory Compliance

Issuer: Paxos

Collateral: Fully backed by cash reserves

Blockchain: Ethereum

Key Features:

Approved by the NYDFS (New York State Department of Financial Services)

Audited monthly by Withum

Built for institutional-grade payments

Security Rating: ⭐⭐⭐⭐☆

Why Choose USDP? ✔ A highly regulated and stable fiat-backed stablecoin.

7. FRAX – Best Hybrid Algorithmic Stablecoin

Issuer: Frax Finance

Collateral: Partially backed by assets & algorithmic stability mechanisms

Blockchain: Ethereum

Key Features:

Uses a mix of collateralized and algorithmic mechanisms

Partially decentralized, reducing risk of censorship

Security Rating: ⭐⭐⭐☆☆

Why Choose FRAX? ✔ A unique hybrid model balancing security and decentralization.

8. Gemini Dollar (GUSD) – Best for Institutional Security

Issuer: Gemini Exchange

Collateral: Fully backed by USD reserves

Blockchain: Ethereum

Key Features:

Regulated under NYDFS

Built for institutional payments and banking

Security Rating: ⭐⭐⭐⭐☆

Why Choose GUSD? ✔ Strong regulatory oversight and institutional-grade security.

9. sUSD – Best for Synthetic Assets & DeFi

Issuer: Synthetix

Collateral: Backed by SNX tokens

Blockchain: Ethereum

Key Features:

Used in DeFi trading and synthetic assets

Smart contract-based collateral backing

Security Rating: ⭐⭐⭐☆☆

Why Choose sUSD? ✔ Ideal for DeFi users looking for an on-chain synthetic stablecoin.

10. Reserve (RSV) – Best for Emerging Markets

Issuer: Reserve Protocol

Collateral: Fully backed by fiat and assets

Blockchain: Ethereum

Key Features:

Focused on stable payments in hyperinflationary economies

Security Rating: ⭐⭐⭐☆☆

Why Choose RSV? ✔ Best for people in countries with unstable fiat currencies.

Conclusion

The best stablecoin for you depends on your security, decentralization, and usability preferences. If you want a fully backed and regulated stablecoin, USDC and BUSD are top choices. For DeFi and decentralization, DAI and FRAX offer strong alternatives.

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