The issuer of the largest stablecoin by market cap is announcing the launch of the dollar-pegged crypto asset on Ethereum (ETH) challenger Polkadot (DOT). In a new company blog post, USDT issuer Tethe...
Tag: Stablecoin
Tether Stablecoin Goes Live On Polkadot Blockchain
Tether USDT is the largest stablecoin by market cap. Also, the token ranks among the top five in the overall market capitalization of all crypto assets. Through several progressive road maps and other...
3 reasons why USDC stablecoin dropping below $50B market cap is Tether’s gain
The market capitalization of USD Coin (USDC), a stablecoin issued by U.S.-based payment tech firm Circle, has dropped below $50 billion for the first time since January 2022. On the weekly chart, USDC...
Tether’s USDT stablecoin goes live on Polkadot
Tether Limited has launched its USD Tether (USDT) stablecoin on Polkadot, an interoperable network connecting several proof-of-stake blockchains. Tether announced on Friday that the stablecoin was now...
MiCA is already stifling stablecoin adoption in the EU
The digital asset landscape in the European Union is evolving ahead of the passage of the Markets in Crypto-Assets (MiCA) regulation framework that aims to instill regulatory clarity around crypto ass...
Stablecoin bill has ‘outside chance’ of finalizing this year — Rep. Warren Davidson
There is a small chance that the United States House of Representatives could pass the bill to regulate stablecoins by year-end, though it’s more likely it will pass in the first quarter of 2023, says...
Tether Reveals USDT Stablecoin Is Now Supported by Polkadot – News Bitcoin News
Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The st...
Rep. Davidson says ‘outside chance’ of stablecoin bill this year, likely next year with GOP majority
Congress has a shot at finalizing stablecoin legislation this year, says Congressman Warren Davidson, despite midterm elections in November breaking up the legislative calendar. “There’s an outside ch...
Washington is too obsessed with cryptocurrencies, CFPB director says
Consumer Financial Protection Bureau Director Rohit Chopra sees stablecoins as a rapid growth area that regulators will need to monitor for risks to the rest of the financial system. “A stableco...
Stablecoin Bill Has a Narrow Chance to Pass By 2022 End
2 hours ago | 2 mins read Editors News The draft for regulation bill is in circulation among the U.S Representatives. The inclusion of stablecoins in the major payment portals makes it very common. U....
Draft stablecoin bill in Congress to require Fed, state regulator approval
Draft legislation to create a U.S. federal framework around stablecoins would temporarily ban the types of payment coins that are not backed by outside assets — similar to TerraUSD, an algorithmic sta...
Digital bank FV Bank integrates USDC stablecoin for direct deposits
The global digital bank FV Bank is the latest financial platform to enable deposits in Circle-backed stablecoin USD Coin (USDC). FV Bank on Wednesday announced the launch of a new service allowing its...
Trading App Giant Robinhood Adds Stablecoin US Dollar Coin (USDC) to Roster
Retail trading giant Robinhood just added top stablecoin USD Coin (USDC) to its list of supported digital assets as the platform sees reduced trading activities due to the crypto winter. In a new anno...
House Stablecoin Bill to Seek Two-year Ban on Issuing New Algorithmic Stablecoins
Bloomberg reported Wednesday that legislation to regulate stablecoins being drafted in the U.S. House of Representatives would impose a two-year ban on new algorithmic stablecoins similar to TerraUSD ...
Stablecoin Bill Would Ban New Algo Stablecoins
The ban will be levied for 2 years Bill’s definition will cover endogenously collateralized stablecoins Panel could vote on the bill as early as next week Draft regulation in the US Place of Delegates...
Polygon and Avalanche Now Support Binance’s BUSD Stablecoin
Alex Dovbnya Binance USD (BUSD), Binance’s house-own stablecoin, is now available on Avalanche and Polygon Binance USD (BUSD), the stablecoin of cryptocurrency giant Binance, is now available on Avala...
CBDC Wars: Why The U.S. Must Create Its Own Stablecoin To Compete With China
The United States is embarking on a campaign toward the introduction of a CBDC, or central bank digital currency. As part of the White House’s first-ever comprehensive framework, the Treasury Departme...
Could the New House Stablecoin Bill Kill FRAX and DAI?
Key Takeaways U.S. lawmakers are reportedly drafting a bill to place a two-year ban on certain stablecoins. The House Stablecoin Bill would target “endogenously collateralized stablecoins.” The new bi...
WazirX Delists USDC Stablecoin, Converting User Holdings to Binance USD
WazirX, a leading Indian cryptocurrency exchange, today announced it would delist USD Coin (USDC), Pax Dollar (USDP) and TrueUSD (TUSD), and would auto-convert users’ existing balances on those ...
WazirX and new problems for the USDC stablecoin
Indian exchange WazirX has decided to delist USDC, USDP and TUSD stablecoins starting on 26 September, following the decision previously announced also by Binance. In fact, with a message similar to t...
Robinhood is now supporting this stablecoin 1
Robinhood has announced that users of its platform can now trade USDC, a stablecoin designed by Circle. According to the brokerage app, this is the first stablecoin available to users at the main time...
WazirX exchange to delist stablecoins USDC, USDP, and TUSD
WazirX halted deposits of USDC, USDP, and TUSD stablecoin as of today. Withdrawal support for USDC, USDP, and TUSD will discontinue at 5 p.m, IST on September 23rd, after which point existing balances...
Celsius Seeks Selling of Stablecoin Funds; Filed Motion
Following the recent crypto winter, one of the beleaguered crypto firms was Celsius. The problems with the crypto lender does not seem to take a breath for a while. Now the crypto firm is reported to ...
Australian Senator Calls for Urgent Stablecoin and Digital Yuan Regulation
Andrew Bragg – an Australian Liberal Senator for New South Wales – drafted a bill that could put the local cryptocurrency sector under strict supervision. If accepted, the legislation will require dig...
This Indian Exchange Follows Binance In Stablecoin Priorities
In yet another jolt to USDC, the second largest stablecoin, yet another crypto exchange is set to delist it. Earlier this month, top exchange Binance announced its plans to discontinue support for USD...
Crypto Exchange WazirX to Delist USDC in Boost for Binance’s Stablecoin
BUSD, while technically the third largest stablecoin by market cap, is not nearly as popular as top tokens USDC and USDT; most of the asset sits dormant on Binance’s exchange. But Binance’...
Australian Liberal Senator Calls for Stablecoin and Digital Yuan Regulation, Drafts Bill
Given that the Liberal party is in opposition to the ruling Labour party, it remains to be seen if Senator Bragg’s bill will be passed. Australian Liberal Senator Andrew Bragg has called for increase...