According to Wolfgang Bardorf, group treasurer at Checkout.com, when it comes to the nature of CBDCs, central banks most likely “don’t want to deal with the retail universe” Depending on the direction...
Tag: Stablecoin
Stablecoin supply on exchanges reaches all-time high
Cryptocurrencies pegged to the U.S. dollar have grown exponentially in the past several years. Stablecoins, as their name implies, offer much-needed stability to traders who use them to store value, d...
Root raises $9 million to build on top of hacked stablecoin issuer Beanstalk
Root Protocol, an on-chain marketplace for financial, prediction and commerce markets, today announced a $9 million equity round led by Road Capital. According to a release, Nima Capital, Soma Capita...
FOMC Buzz Gets Crypto Investors Ready With Stablecoin Holdings
All roads lead to one direction even in the crypto market this week: the Federal Open Market Committee (FOMC) meet. It appears that a majority of crypto traders are preparing for the meeting so they c...
Lawmakers race to release draft of stablecoin bill ahead of August recess
US House of Representatives lawmakers could introduce draft text of a stablecoin bill as early as this week, a last-ditch effort to keep regulation front-of-mind ahead of the August recess. Lawmakers...
Bipartisan Stablecoin Bill to Be Delayed Until September 2022
Key U.S. Lawmakers delay bipartisan bill to mitigate stablecoin risks to at least Sep. 2022. Lawmakers working on the yet-to-be-agreed-upon bill on behalf of House Financial Services Committee Chairwo...
Stablecoin supply saw the largest quarterly contraction in history in Q2
Total stablecoin supply contracted to $151.3 billion in the second quarter of 2022, a drop of 18.8% or $35.1 billion over Q1, according to a report by Arcane Research. This is the largest quarterly dr...
Stablecoin Bill Delayed to September After Treasury Raises Concerns
The House Financial Services Committee has pushed back its long-awaited stablecoin bill to September following objections from Treasury Secretary Janet Yellen. This will delay congressional discussion...
US Stablecoin Bill is in Process, But No Action Expected Until the Fall
A committee vote was planned for Wednesday, but the draft bill is said to still have some core issues A month’s delay won’t have too much of an impact on investors, a crypto research head said A long-...
Bipartisan US Stablecoin Regulation Bill Delayed As Negotiations Continue
The United States House of Representatives has pushed back the timeline for a bipartisan bill to regulate stablecoins. The delay comes as lawmakers continue to negotiate over the finer details of the ...
This Is Exactly When US Bipartisan Stablecoin Bill Could Be Voted On
As lawmakers were in process of agreeing on imposing tougher oversight of stablecoins, a tentative timeline is on the cards. Last week, it was reported that Maxine Waters and Patrick McHenry were set ...
Stablecoin Projects Require Cooperation Over Rivalry, Says Frax’s Founder
Sam Kazemian, the creator of Frax Finance, believes that stablecoin projects need to work more together to increase each other’s liquidity and boost the ecosystem as a whole. In a recent interview wit...
Stablecoin projects need collaboration, not competition: Frax founder
Stablecoin projects need to take a more collaborative approach to grow each other’s liquidity and the ecosystem as a whole, says Sam Kazemian, the founder of Frax Finance. Speaking to Cointelegraph, K...
TRON DAO Reserve Addresses Questions Regarding USDD Stablecoin – crypto.news
Geneva, Switzerland / July 21 / – The TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on...
Cardano’s Djed Stablecoin Sees 35 New Partnerships as Mainnet Launch Nears
In a blog post, the COTI team shared that Djed, Cardano’s algorithmic stablecoin, developed in collaboration with the COTI network, has seen 35 new partnerships ahead of its mainnet launch. The ...
Curve Finance founder implies a stablecoin is on its way
Curve Finance may be the latest DeFi project joining the race to ship a decentralized stablecoin, according to details emerging from a cryptocurrency event. SCB 10X — a Thailand-based investment firm ...
Curve Hints At Its Own Stablecoin, Will It Meet The Terra Fate
Curve, an on-chain Ethereum liquidity pool, could be in the plans of making its own stablecoin. Curve Finance is a widely popular platform used for stablecoin trading. However, a tweet from SCB 10X, a...
DeFi Token Behind Curve Finance Jumps 21% Amid Stablecoin News
Curve DAO Token (CRV), the native token of Curve protocol, has rallied more than 21% over the past 24 hours. CRV, the 60th-largest token with a market capitalization of nearly $760 million, is changin...
Curve Founder Claims an Overcollateralized Stablecoin in the Works
Curve founder Michael Egorov has confirmed that the AMM will launch a stablecoin. There is not much more information available, except that the stablecoin will be overcollateralized. The Curve Automat...
TRON DAO Reserve Addresses Questions Regarding USDD Stablecoin
The TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON. The USDD stablecoin is curre...
US Lawmakers Nearing Agreement on Stablecoin Regulation
A bipartisan group of U.S. lawmakers are close to concluding an agreement on new legislation that seeks to establish a regulatory framework for stablecoins. The potential deal that would introduce the...
Curve Stablecoin Is in the Works, Despite Regulatory Scrutiny
Curve CEO Michael Egorov said the company is looking to launch its own stablecoin Overcollateralized stablecoins have reserves of cryptocurrency tokens or other assets that exceed the number of stable...
What is SHI Stablecoin by Shiba Inu? What We Know (So Far)
Popular memecoin project Shiba Inu (SHIB) is dreaming big. The project’s developers recently announced the upcoming release of the Shi stablecoin. Like most stablecoins, the Shi stablecoin will be peg...
US lawmakers propose bank-like regulation for stablecoin issuers
Two US lawmakers, Maxine Waters and Patrick McHenry are collaborating on a bill that would impose strict bank-like regulations for stablecoins, The Wall Street Journal reported July 20. Stablecoin iss...
House lawmakers prep bipartisan stablecoin bill to unveil next week
Members of the House of Representatives are working to get a stablecoin bill together for a markup meeting next Wednesday. Democrats of the House Financial Services Committee are holding a member cal...
Curve to Launch Over-Collateralized Stablecoin: Founder
Key Takeaways Curve Finance will be launching its own stablecoin, Curve CEO Michael Egorov indicated during a conversation with The Spartan Group co-founder Kelvin Koh. Egorov said the stablecoin will...
Asia-Focused Multi-Currency Stablecoin Protocol, Bluejay Finance, Raises $2.9M
[PRESS RELEASE – Singapore, Singapore, 20th July 2022] Bluejay Finance, a capital-efficient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies, has raised $2.9M ...
Stablecoin Laws Very Soon A Reality In US With House Lawmakers Deal?
A deal between two House lawmakers for US stablecoin rules could well be a reality soon. With the possibility of a deal agreement in coming days, regulators could soon have a framework to control stab...
Demand for widely used euro stablecoin is huge, says DeFi expert
The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 b...
Asia’s Bluejay Finance Raises $2.9 Million for Capital-efficient Multi-Currency Stablecoin Protocol – crypto.news
Bluejay Finance announced on July 20, 2022, that it has raised $2.9 million in funding from Zee Prime Capital, C2 Ventures, Stake Capital Group, and more. The team says the funds will be used for team...