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Tag: Stablecoin
Tether dominates centralized exchange stablecoin trade volumes despite market cap decline
Stablecoins haven’t been exempt from suffering losses during the ongoing cryptocurrency market crash, but its major assets are still persevering, with Tether (USDT) not only ranking third among all cr...
Fed Vice Chair warns banks about crypto liquidity, urges stablecoin regulation
Federal Reserve Bank Vice Chair Michael Barr said that banks accepting crypto deposits should be aware of their increased liquidity risks in an Oct. 12 speech published on Oct. 17. Barr stated that th...
What USDC’s diminishing dominance on Ethereum means for the stablecoin
According to a new Messari report, USDC was observed to be losing traction in the stablecoin market. BUSD on the other hand, was witnessing some growth. With new coins entering the stablecoin market a...
Kevin O’Leary Predicts This Stablecoin Regulation Will Pump Crypto Prices
As the global crypto market struggles to surpass $1 trillion in cumulative market cap, Shark Tank star Kevin O’Leary believes that potential upcoming stablecoin regulations could be the next thing to ...
Kevin O’Leary Believes the Stablecoin Transparency Act Will Boost BTC
Tradingview As per O’Leary, if the Stablecoin Transparency Act is passed, the BTC price will go up. The Act will probably be passed by the US Congress after the midterm elections. Kevin O’Leary, the C...
Kevin O’Leary Expects Bitcoin to Go up When Stablecoin Transparency Act Passes – Markets and Prices Bitcoin News
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects the price of bitcoin to go up when the Stablecoin Transparency Act passes, which he believes could be soon after the November midterm election...
Financial Stability Board Lays Out G20 Crypto & Stablecoin Plans
Join Our Telegram channel to stay up to date on breaking news coverage The Financial Stability Board is an international body created by the G20, which has laid out its set of advice and suggestions f...
New Study Reveals Best Stablecoin, Why DAI Took The Crown
Decentralized stablecoin DAI, native to Maker protocol, might become a major leader in the sector over the coming years. The digital asset was the most stable of the stablecoin in a period of 9 months...
Top Stablecoin Tether (USDT) Slashes $30,000,000,000 in Commercial Paper Holdings, Buys Up U.S. Treasury Bills
Top stablecoin issuer Tether (USDT) is completing its goal of eliminating commercial paper holdings from its reserves before the end of 2022. The firm says it has finally cut its commercial paper inve...
Tether, el emisor de la stablecoin USDT, reduce a cero sus tenencias de papel comercial
Hasta el 30 de septiembre, las tenencias del Tesoro estadounidense de la empresa se situaban en 58,1% del total de su portfolio, en comparación con el 43,5% de finales de junio, escribió en un tuit a ...
Tether Says USDT Stablecoin Now Backed by T-Bills
As of Thursday, the stablecoin issuer’s holdings no longer include commercial paper, firm says Backing has reportedly shifted to more secure US Treasury Bills, short-term government-issued debt Tether...
Stablecoin Issuer Tether Now Holds Zero Commercial Paper
Stablecoin issuer Tether has revealed that it now holds zero commercial paper after months of gradually reducing its commercial debt holdings for its reserve assets. The development comes less than t...
Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero – Bitcoin News
On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a ...
Russian Stablecoin use increased after Ukraine attack: Report
Chainalysis, an American blockchain analytics company, has revealed that there is a rise in stablecoin utilization in Russia after the Russian attack over Ukraine, which has since witnessed sanctions ...
Russian stablecoin usage surged after Ukraine invasion: Report
A new report from blockchain analytics firm Chainalysis has shown a surge in stablecoin usage in Russia following the Russian invasion of Ukraine, which has since seen sanctions and inflation impactin...
Financial Services and Stablecoin Veteran David Puth Joins Intersection Crypto Ventures as Co-Managing Partner
Former Centre Consortium, J.P. Morgan, and State Street Executive to Co-Lead New Crypto Investment Fund NEW YORK–(BUSINESS WIRE)–Intersection Crypto Ventures (“ICV”) the venture investment platform as...
Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis
A new study shows that over 18% of all crypto received by Eastern Europe comes from addresses associated with risky or illicit activity, far more than any other region. With the biggest news in the re...
Onomy hybrid DEX’s expansion to Shimmer’s stablecoin unlocks Web3’s growth
Onomy is greatly excited and takes immense pleasure in making its formal announcement that they are in the due process of connecting its Hybrid DEX, all bridges, and its collection of stablecoins, ont...
Tether stablecoin issuer freezes 8.2M USDT on Ethereum: Data
Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay. Major stablecoin issuer Tether froze yet another batch of ...
Crypto and Payments Company MobileCoin Introduces Stablecoin Called ‘Electronic Dollars’ (eUSD)
Join Our Telegram channel to stay up to date on breaking news coverage MobileCoin, a cryptocurrency and payments firm focused on privacy, has launched a stablecoin called “Electronic Dollars” in colla...
Uniglo.io And Aave Pushing Boundaries In DeFi, While Curve Tries To Stay Relevant With New Stablecoin
DeFi remains the most exciting and fastest-growing financial sector globally. Despite heavy negative pressure on asset prices due to the FED’s recent positioning. Ray Dalio, American billionaire and h...
MobileCoin Launches Electronic Dollars—Very Own Stablecoin
In partnership with stablecoin platform Reserve, privacy-focused cryptocurrency and payments company MobileCoin has introduced a stablecoin nicknamed “Electronic Dollars” (eUSD). According to the comp...
Cosmos Developer To Offer a Stablecoin Built for the Interchain
“Atom 2.0 will enable more cross-chain DeFi — which makes a cross-chain stable token more valuable and more important,” Agoric CEO said IST will integrate high-quality, price-stable tokens including U...
Central bankers want stablecoin regulation similar to banking
The Financial Stability Board (FSB) has just published two reports that contain recommendations for frameworks to comprehensively govern crypto-assets, and stablecoins. The Financial Stability Board i...
Circle’s USDC Stablecoin Has Lost All Its Post-Terra Gains
After a 7-week rally in May and June that sent USD Coin’s market capitalization above $56 billion, an all-time high, Circle’s stablecoin has now lost all the ground it gained earlier this year. On Mon...
Terra Classic USD (USTC) Stablecoin Soars 40% on Re-Peg Proposal
The field of algorithmic stablecoins has taken a massive hit after the infamous collapse of the entire Terra ecosystem (including UST). Following the crash, the community got split into two – those wh...
Can Terra Classic’s USTC Stablecoin Ever Reclaim $1?
Key Takeaways Terra developer Tobias Andersen submitted a proposal yesterday for the Terra Classic community to work on repegging USTC to $1. Andersen claims the repeg could be accomplished by attract...
USDC’s lead over USDT may do little or nothing for the stablecoin because…
USDC and USDT — two renowned stablecoins backed by the fiat currency, USD witnessed quite a few tussles over the years to stand at the #1 mark. While the latter still holds the trophy, USDC participat...
Moody’s executives say new EU MiCA regulations could unleash stablecoin innovation
Restrictions in new EU regulations could potentially serve as a booster to stablecoin innovations in Europe, Moody’s Global Head of DeFi and Digital Assets Fabian Astic told The Block in an exclusive ...
How Stablecoin Exchange Flows Could Signal The Next Bull Market: Analysis
When stablecoins are sent to exchanges in large quantities, it is usually a signal that institutions are preparing to buy. It has not happened yet, as stablecoins such as USDC have been leaving exchan...