The International Monetary Fund’s (IMF) director of capital markets believes there could be further failures of “coin offerings,” including algorithmic stablecoins amid the ongoing crypto winter. In t...
Tag: Stablecoins
‘Massive Liquidations’—Big Money Is Dumping Crypto As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, Shiba Inu, And Dogecoin Recover
Terra Luna collapse, crypto prices dpa/picture alliance via Getty Images The crypto market is wrapping up July on a high note. In the past 24 hours, the bitcoin price jumped 7.8% to $22,900 and ethere...
IMF Sees Stablecoins Can Lead To Another “Crypto Winter”
The crypto market is reeling under pressure as a result of contagion due to the Terra-LUNA crash in May and liquidity crisis in June, with the U.S. interest rate hike adding more pressure to the “cryp...
Stablecoins Backed by “Risky Assets,” IMF Exec Warns
Key Takeaways Tobias Adrian, a director at the International Money Fund (IMF), says that certain fiat-backed stablecoins could fail. He warned today that some fiat-backed stablecoins, such as Tether, ...
Will Stablecoins Be Tethered to the Fed? Lawmakers Have Circled That Option
Lawmakers in the House Financial Services Committee have found common ground on a bipartisan effort to establish stablecoin oversight in the U.S. It could mark a first step toward crypto regulation, t...
Stablecoins Supply Drops Almost 19% In Q2 2022
The total supply of stablecoins decreased globally by 18.8% at the end of the second quarter of 2022 as the equities markets and risky assets experience volatile times due to rising inflation and othe...
US lawmakers postpone bill addressing risks posed by stablecoins
The House of Representatives in the US has postponed a bill that addresses the risks derived from the use of stablecoins. The voting for the bill will be delayed until September until the lawmakers ad...
Lawmakers delay voting on US bill to regulate stablecoins till September
U.S. lawmakers have delayed the vote on a bipartisan bill on stablecoin regulation until at least September, The Wall Street Journal reported, citing people familiar with the matter. The bill would ha...
Bill addressing stablecoins risks in US likely delayed until September: Report
Lawmakers in the United States House of Representatives have reportedly pushed back the timeline for considering a bill addressing the potential risks of stablecoins. According to a Monday report from...
Crypto Gambling With Stablecoins
We have seen a large influx of new crypto casinos in recent years due to the growing popularity of the field. And more people are looking to have fun with their crypto funds. Players can play casino g...
Stablecoins Rocked The World in 2022
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Defi Token Jumping Along With Other Stablecoins
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Holding Stablecoins Was More Profitable Than Fiat in 2022: Report
CryptoQuant – a blockchain analytics firm – has released a report evaluating data around stablecoins and their peg-robustness. It found that holding almost any of the current top stablecoins throughou...
‘Amazon Of Crypto’—Former Blackrock Exec Predicts Everyone Will Hold This Crypto As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, And Dogecoin Soar
After last month’s rout, crypto is on the rebound. Over the past week, the price of bitcoin soared 12.1% and the ethereum price jumped 35.5%. XRPXRP is up 8%, cardano 14.6%, dogecoin 11.8%, BNBBNB 13....
UK plans to regulate stablecoins under a new financial bill
On Wednesday, the United Kingdom parliament tabled the Financial Services and Markets Bill. The bill is meant to preserve the status of the UK as a leading financial hub after Brexit. The bill is comp...
EU, US swap policy intel on European crypto regulation, stablecoins
The EU and the US swapped crypto policy insights on stablecoins and other issues during a joint financial forum in Brussels last week. Representatives from the two governments met as part of an EU–US ...
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...
New UK Treasury Minister Proposes New Regulations for Stablecoins
U.K. Chancellor of the Exchequer Nadhim Zahawi laid out plans in the Financial Services and Markets bill to regulate stablecoins. The bill, presented at Parliament on July 20, 2022, gives the Bank of ...
UK Treasury unveils plan to regulate stablecoins in Financial Services and Markets bill
The UK unveiled its Financial Services and Markets bill in Parliament on Wednesday – a set of legislation that includes guidelines on the safe adoption of cryptoassets. Nadhim Zahawi, who stepped int...
The UK to Introduce Bill For Stablecoins Payments – Coinpedia – Fintech & Cryptocurreny News Media
The United Kingdom regulator will propose using stablecoin– cryptocurrencies whose prices are pegged to another asset– for payment in the Parliament on Wednesday. UK Finance Minister, Nadhim Zahawi, w...
Domino Effect On Stablecoins Leads To Reversal Of Growth Trend
The crypto bear market of 2022 has spared no digital asset in the space, and stablecoins have been no different. The assets which have always served as a safe haven for investors when it comes to the ...
EURST Creator Simone Mazzuca Explains What Differentiates It From Other Stablecoins and Why It Is Here to Stay – Interview Bitcoin News
Simone Mazzuca is the creator of EURST – the first representative euro stablecoin, 100% asset backed with US Dollars and live audited. EURST is providing one of the most secure and reliable stablecoin...
UK To Regulate Stablecoins as a Form of Payment Via New Bill
The bill seeks to regulate stablecoins as a form of payment, bringing the nascent tech in line with the country’s existing rules centered on financial services Financial Markets Infrastructure Sandbox...
Stablecoins To Become A Payment Tool In UK, With Regulation Being Worked Out
Stablecoins backed by fiat currencies will be considered as a form of payment as regulators in the United Kingdom introduce new rules governing its use to the country’s parliament on Wednesday. The lo...
Crypto May Become ‘Outlawed’—Billionaire Investor Issues Stark Crypto Prediction As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, And Dogecoin Rebound
After a rollercoaster-y start to July, crypto casts another glimmer of hope. The price of bitcoin jumped 11.3% while the ethereum price skyrocketed a mind-boggling 45.1% over the past week. Meanwhile,...
UK Introduces Bill To Regulate Stablecoins For Payments
UK Finance Minister Nadhim Zahawi on Wednesday will be announcing support for using stablecoins for making payments under the long-awaited Financial Services and Markets Bill. The bill will help the c...
Crypto May Become ‘Outlawed’—Billionaire Investor Issues Stark Crypto Prediction As Rice Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, And Dogecoin Rebound
After a rollercoaster-y start to July, crypto casts another glimmer of hope. The price of bitcoin jumped 11.3% while the ethereum price skyrocketed a mind-boggling 45.1% over the past week. Meanwhile,...
USDC issuer Circle lays out its hopes for coming stablecoin policy
Dante Disparte, the leader of Circle’s government work, on July 18 published a set of 19 principles for stablecoin regulation, as part of the company’s efforts to shape US stablecoin polic...
Liquidity protocol uses stablecoins to ensure zero impermanent loss
At a time when decentralized finance (DeFi) protocols have seen a significant outflow of funds from the market, maintaining liquidity has become even more challenging. Liquidity plays a central role i...
Circle CSO lays out policy principles for stablecoins in US
Dante Disparte, Circle’s chief strategy officer and head of global policy who has previously testified at congressional hearings, has called on United States lawmakers to balance the risks with develo...
Privately Issued Stablecoins are Important but must be Regulated – crypto.news
Phillip Lowe, the Australian central bank governor says stablecoins developed by private entities may be better than central bank digital currencies (CBDCs) if appropriately regulated, according to a ...
Stablecoins are better than CBDC: Bank of Australia Governor
According to Bank of Australia Governor Philip Lowe, private firms’ stablecoins could be superior to central bank-issued digital currencies (CBDC). The comparison is better if the businesses are prope...