TrustToken opts for a rebrand in the midst of what many are calling an industry turning point TrueFi, a decentralized protocol that facilitates uncollateralized lending is going DAO Stablecoin issuer ...
Tag: Stablecoins
Former CFTC chair rules out the need to enact new laws in regulating stablecoins
The ongoing United States cryptocurrency sector regulation debate has significantly narrowed down to managing stablecoins, especially after the infamous Terra (LUNA) ecosystem collapse. Although the g...
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...
Las negociaciones para regular las stablecoins en EE. UU. se enfrentan a la aprobación del dólar digital
La legislación, en general, requeriría que las stablecoins estuvieran totalmente respaldadas por activos de reserva. Las llamadas “stablecoins de pago” serían aquellas que están respaldadas por activo...
United States: Will this new bill ban Terra-like stablecoins for 2 years
A recent Bloomberg report stated that upcoming legislation would ban algorithmic stablecoins such as TerraUSD that collapsed in May this year leading to a global crypto crash. The said bill is current...
U.S. House Bill Wants to Save Investors from Terra-Like Stablecoins
A stablecoin bill drafted in the United States House of Representatives would place a two-year ban on algorithmic stablecoins similar to TerraUSD, which are not backed by outside assets like cash and ...
U.S. House Legislation Looks To Place Two-Year Ban On UST-Like Stablecoins
Are stablecoins in the sights of U.S. regulators? The decline of Terra Luna and it’s UST (and correlating LUNA) token earlier this year brought along plenty of fanfare. It’s full damage and implicatio...
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...
US Draft Bill Plans to Ban Algorithmic Stablecoins for 2 Years
The draft stablecoin bill in Congress requires The Federal Reserve System and state banking regulators to approve any stablecoin plans by non-bank entities before they can be legally issued. Issuers o...
TerraUSD-Like Stablecoins Would Be Banned For Two Years Under New House Committee Plan ⋆ ZyCrypto
Advertisement     The House of Representatives Financial Services Committee has proposed a bill that would put a two-year ban on algorithmic stablecoins such as TerraU...
Algorithmic Stablecoins Like TerraUSD to Face Two-Year Ban in the U.S.
Next week, the House Financial Services committee will vote on legislation to regulate stablecoins. As per details, the draft bill proposes a complete two-year ban on algorithmic stablecoins like the ...
Bearish Crypto Market Sends Investors Back To Stablecoins
The crypto market is seeing another week in the red with Bitcoin, Ethereum, and larger cryptocurrencies trading to the downside over the past 7 days. The general sentiment in the market turns bearish ...
Cogito Protocol To Use Cardano Djed As a Treasury Reserve for Its Stablecoins
– Advertisement – COTI announces yet another partnership for Cardano’s stablecoins. COTI, a DAG-based layer-1 protocol and the official issuer of Cardano stablecoin Djed, has announced yet...
WazirX announces select stablecoins’ delisting, thanks to…
Popular Indian crypto exchange WazirX has announced that it will initiate an auto conversion of all existing balances of the second largest stablecoin USDC, Pax Dollar (USDP), and True USD (TUSD). Pa...
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...
WazirX to Follow Binance in Converting Stablecoins to BUSD
Indian crypto exchange WazirX has announced the delisting of major stablecoins Tether (USDT), Pax Dollar (USDP), and True USD (TUSD). The exchange follows Binance, the world’s largest cryptocurrency e...
Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD – Bitcoin News
The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to ...
Do Kwon is not in Singapore, according to police: Reuters
Singapore police said in a statement late Saturday that Terraform Labs founder Do Kwon, who is wanted by South Korean authorities, is not in the city-state, according to reporting by Reuters. Singapor...
How stablecoins are helping protect savings
Economies around the world are facing a motley of challenges caused by rising inflation. High inflation devalues national currencies, which, in turn, pushes up the cost of living, especially in scenar...
Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins – Bitcoin News
According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak, a...
Binance’s USDC move could increase importance of Tether in crypto trading
JPMorgan Chase analysts say that Binance’s recent stablecoin decision will benefit Tether. From Sept. 29 Binance will convert existing balances and new deposits of stablecoins USDC, USDP and TUSD to i...
Celsius Wants to Sell $23M in Stablecoins to Keep the Dream Alive
A hearing on the motion is scheduled for Oct. 6 in New York Celsius reported having $2.8 billion debt in August Bankrupt lender Celsius raised eyebrows after recently revealing a revival project to wi...
Maker is Looking to Move Away from Centralized Stablecoins
Join Our Telegram channel to stay up to date on breaking news coverage Maker, the DeFi framework that powers the DAI virtual currency, has declared that it had increased the borrowing limit on its Eth...
‘Coming To 34 Million Accounts’
Bitcoin Getty Images After Monday’s wipeout, crypto prices turn mixed. Over the past week, the bitcoin price soared 4.9%, at one point hitting a high of just over $22,500. Most major altcoins are reco...
Latinoamericanos acuden a stablecoins vinculadas al dólar estadounidense a medida que aumenta la inflación
El reporte publicado por la firma de infraestructura de blockchain Paxos dijo que las criptomonedas, en particular las stablecoins vinculadas al dólar, son atractivas para los latinoamericanos, quiene...
Ethereum gas usage by stablecoins, DeFi, NFTs, and ERC -20 contracts
Gas fees refer to the cost of conducting a transaction or executing a contract. For example, this could take the form of exchanging into a stablecoin or minting an NFT. Since the summer of 2020, Ether...