Financial institutions are exploring digital money options. A group of 21 institutions, including Wells Fargo, plan to support stablecoin issuance. Their initial focus is on a US dollar-denominated stablecoin, aiming for a market launch in 2027.
These digital tokens are designed to maintain a stable value. They differ from cryptocurrencies, which can experience sharp price fluctuations. Further information on the plans and goals of these financial institutions is available, including potential expansion into other currencies.
Miami Beach commissioners voted to close Ocean Drive to cars from Thanksgiving through March yearly as the city works to make the fabled beachfront drive permanently pedestrian-only. Commissioners last week voted 7-0 to urge the county to authorize the change between Fifth and 15...
The University of Miami has selected Matt Serletic as the new dean of the Frost School of Music. Officially taking on the role on Oct. 19, Mr. Serletic will have the opportunity to shape the future of music performance, scholarship and professions by fostering creative and schola...
Plans for a new boater safety board sailed ahead through a Miami-Dade County committee last week with several recommendations that included course corrections. This story is premium content for our subscribers only. Unlock the full story and the entire edition with a Miami Today ...
The new Doral Branch Library, which had been expected to open this year, is now 95% complete, with an opening anticipated by the end of this year or early next year as the library system also rolls out branch improvements around the county. This story is premium content for our s...
Miami City Hall is to remain in its historic waterfront home in Coconut Grove, preserving the site as the city’s primary civic meeting place even as other municipal offices prepare to move elsewhere. The Miami City Commission voted 4-1 last week to keep regular commission meeting...
Miami-Dade’s financial sector has moved from the rapid job growth that helped establish it as a major finance hub into a slower market where employment has declined from a year ago even as pay continues to climb. The latest Bureau of Labor Statistics (BLS) data show financial-act...
With more than 25 years of experience in commercial real estate, Dan McGowan today leads JLL’s office, retail and industrial brokerage operations across South Florida as the executive managing director and South Florida broker lead. Over the course of his career, he has worked in...
Crucial pieces of Miami-Dade’s financial underpinnings can be clarified in deadlines this week, as county commissioners approve a budget for next fiscal year and the following day learn if they have managed to get a cash bid to take their white elephant courthouse off their books...
These film permits were issued last week by the Miami-Dade Office of Film & Entertainment, (305) 375-3288; the Miami Beach Office of Film and Event Production Management, (305) 673-7070; and the City of Miami’s Office of Film & Entertainment, (305) 416-1072. Lemartec, Miami. Stil...
School leaders in Miami-Dade and Broward counties are urging voters to head to the polls ahead of referendums on the Nov. 3 ballot.The referendums are already in place in both school districts, and approval by voters would renew the funding without any tax increase.At a town hall...
The Community Foundation of Broward and the Kennedy Kids Foundation came together in Fort Lauderdale on Tuesday morning to create an endowment fund to support mental health. The goal of the fund was to raise awareness for suicide prevention. Sports agents and brothers Drew and Ja...
