Four members of the Wyoming Legislature have sponsored a bill which would allow the state treasurer to issue a stablecoin. On Thursday, Wyoming State Senators Chris Rothfuss and Tara Nethercott with H...
Tag: Stablecoin
USDC Stablecoin Issuer Circle Is Now Valued at $9B
Key Takeaways Circle has signed a new deal for a SPAC merger with Concord Acquisition Corp. The new agreement gives Circle a $9 billion valuation, double its prior valuation from July 2021. The new ag...
Stablecoin Provider Circle Hits $9B Valuation After New SPAC Deal
In roughly six months, Circle has essentially doubled its valuation. Announced today, the latest $9 billion valuation comes after the firm announced new terms with the special-purpose acquisition cor...
Fireblocks Acquires Stablecoin Payments Startup- First Digital
Fireblocks, a digital asset custody, transfer, and settlement platform, has announced its acquisition of First Digital, which is a stablecoin, and digital asset payments technology platform, in a deal...
Minutes Show Fed Ready to Take Action, Mentions Crypto and Stablecoin Risks
The Federal Reserve is ready to raise interest rates and reduce its balance sheet, according to minutes released Wednesday. Fed officials agreed that “if inflation does not move down as they expect, i...
STASIS Announces Plan to Issue Euro Stablecoin on the XRP Ledger
Blockchain services provider, Ripple announced recently that STASIS, a leading company in euro-backed stablecoin production, will issue EURS on the XRP Ledger (XRPL). STASIS highlighted that scalabili...
Fireblocks acquires stablecoin payments platform First Digital
Blockchain infrastructure company Fireblocks has finalized the acquisition of First Digital, a stablecoin and digital asset payment platform, as part of a broader effort to expand its payment capabili...
Treasury official touts the ‘flexibility’ of bank charters for stablecoin issuers during Senate hearing
In its push for greater stablecoin oversight, the US Treasury Department is trying to soften its central proposed regime. This was particularly apparent in a hearing before the Senate Banking Committe...
US Lawmaker Unveils a Draft Bill Focused on Stablecoin Regulations
Josh Gottheimer – a member of the Democratic Party – revealed an early draft of legislation regarding stablecoins. Many critics claim that such financial assets undermine the monetary network and are ...
US lawmaker debuts draft of federal stablecoin regulation bill
A discussion draft of federal stablecoin legislation has been released by a member of Congress, a move that comes the morning of a hearing on the subject in the US Senate. According to an announcement...
Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum – Coinotizia
On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stab...
Stablecoin Are Critical To Increased U.S. Banking Competitiveness
Despite the criticism that stablecoins and stablecoin issuers have recently faced, including from the highest levels of the U.S. government, there is an opportunity embedded in the continued growth of...
Introducing FHUD, FantOHM’s Revolutionary Stablecoin ⋆ ZyCrypto
Advertisement     With its most recent release, FHUD 1.5, FantOHM is showing itself as the premier DAO asset on Fantom Opera. FHUD will soon extend to cover all networ...
XRP Rival Scores New Partnership as US Crypto Exchange Adopts Its Stablecoin On-Ramp
Crypto exchange Okcoin now supports the Stellar USD Coin (USDC) on-ramp after inking a partnership deal with Stellar Development Foundation (SDF), the non-profit organization behind Stellar (XLM). The...
Japan’s top tier bank issues stablecoin platform
Stablecoins are the government issued fiat pegged stable cryptocurrencies. These assets are in demand because of their less volatile nature. Recently, one of Japan’s top tier banks has introduced its ...
The Silver Lining In The Biden Administration’s Defense Of Its Stablecoin Report
Woman using a smart phone displaying a bitcoin wallet screen. getty On Tuesday, the Biden administration sent Nellie Liang, Treasury’s Under Secretary for Domestic Finance, to testify before the House...
Congress Hearing Bodes Well for Stablecoin Issuers
Key Takeaways The House Financial Services Committee met to discuss stablecoins yesterday. Committee members mostly argued that stablecoin issuers should not have to become regulated banks. U.S. regul...
Polygon’s stablecoin protocol QiDAO suffers $13 million exploit on third party contract
The latest cryptocurrency hack has targetted Polygon‘s native stablecoin protocol Qi DAO, as its Suplerfluid vesting contract faced an exploit earlier today. The hackers got away with a reported $13 m...
In today’s House hearing, Congress rejects Treasury’s proposed stablecoin regime
The US Treasury Department’s proposal for new stablecoin law is dead in the water if today’s hearing before Congress is any indication. On February 8, the House Financial Services Committe...
Stablecoin Whale Domination — Tether Addresses Valued at $1M Own More Than 80% of USDT Supply – Altcoins Bitcoin News
As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at ...
Treasury official behind stablecoin report to testify at Senate hearing next week
advertisement The Senate Banking Committee has released details ahead of its upcoming hearing on stablecoins, confirming the Treasury’s Under Secretary for Domestic Finance Nellie Liang as its s...
Total Supply Of Decentralized Stablecoin DAI Exceeds $10 Billion
Currently, DAI is the fifth-largest stablecoin by market capitalization. Tether (USDT) may have continued to be the market leader after all these years, but DAI has the perk of being open-source and d...
A Senior Us Regulator Has Praised Diem’s Stablecoin, The Company Claims
The Diem Association confirmed previous allegations that it was shutting down and selling all of its assets to crypto bank Silvergate for $200 million in a release on Monday evening They engaged exten...
Can Terra’s UST Stablecoin Hold Its Peg?
Key Takeaways UST is an algorithmic stablecoin on Terra. It’s pegged to the value of the U.S dollar. Because UST is unbacked, it can potentially de-peg from the dollar during periods of extreme ...
Polygon stablecoin QiDAO exploited for $13M on Superfluid vested contract
Polygon’s native stablecoin protocol QiDAO faced an exploit on its Superfluid vesting contract leading to a 65% drop in the price of the governance token QI. QI price fell from $1.24 to $0.18. QiDAO t...
Japan’s Largest Bank to Issue Stablecoin Pegged to Yen
Japan’s largest bank, the trust banking arm of Mitsubishi UFJ, will issue a stablecoin pegged to the yen. The bank wants to popularize digital securities, improving settlement times and reducing costs...
Mitsubishi UFJ Trust to Issue a Stablecoin to Accelerate Settlement Processes: Report
The financial services company – Mitsubishi UFJ Trust – hopes to enhance its transaction system by utilizing blockchain technology for trading and a cryptocurrency for payments. As such, it will creat...
Japan’s largest bank to float yen-pegged stablecoin for trading securities
advertisement Mitsubishi UFJ Trust and Banking, the trust banking arm of Japan’s largest financial institution, has announced plans to launch a yen-pegged stablecoin in 2023. According to a report by ...
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
Stablecoin Represents 2.83% of the Crypto Economy’s USD Value USD value of all the stablecoins today is $178.8 billion Fei usd (FEI), has decreased by 26.3% this past month As the whole part of 12,333...
Mitsui to launch gold-based prices for stablecoin
Stablecoin prices linked to gold will be launched by Mitsui & Co. Ltd Gold-pegged stablecoin ahead of DCJPY launch, which is another major Japanese stablecoin project It will help to mitigate fin...
Default stablecoin for Avalanche DEX is UST
Stablecoin for Avalanche is set for UST as default for all users Terra UST will provide decentralization support and innovation in the space Total valuation includes 50% of Luna’s market cap and its ...
On Its Way to the Grave, Diem Claims a Senior US Regulator Praised Its Stablecoin
Diem, the stablecoin project formerly known as Libra, is dead. In an announcement on Monday evening, the Diem Association confirmed prior reports that it was selling off all its assets to crypto bank ...