Consumer-focused digital tokens issued by private companies may be better than central bank-issued tokens if they can be properly regulated, Australia’s central bank chief said today in a panel discus...
Tag: Stablecoins
How new EU law can affect stablecoins
The year 2022 saw not only drastic dips in leading cryptocurrencies and financial markets in general but also major legislative frameworks for crypto in prominent jurisdictions. And while the “crypto ...
UK Treasury disclosures for first quarter reveal meetings with top crypto execs
UK Treasury disclosures for the first quarter of 2022 reveal a number of meetings between top officials and crypto companies. The HMT Ministers’ Meetings log, published on the UK government web...
$248M stablecoins flow out of Coinbase as community refutes exchange liquidity issues
Rumors surfaced Friday night that Coinbase could face liquidity issues following leaked emails stating that it would suspend its affiliate program. Business Insider reported that they received emails ...
Circle discloses $55.7 billion worth of cash, Treasury reserves
Circle issued its first monthly report closely detailing reserves for its US-dollar backed stablecoin, showing $55.7 billion in cash and three-month US Treasury securities at the end of June. The fin...
Binance CEO says not all algorithmic stablecoins will collapse like TerraUSD (UST)
The Terra algorithmic stablecoin TerraUSD (UST) collapsed in May, causing billions of dollars worth of losses for investors. The collapse lowered investor confidence in algorithmic stablecoins, but th...
Not All Algorithmic Stablecoins Will Be Terra: Binance CEO CZ
Despite the billions of dollars lost when the Terra blockchain’s UST stablecoin de-pegged, Binance CEO Changpeng Zhao believes algorithmic stablecoins still have a place in the crypto world. The boss ...
Algorithmic Stablecoins Are Riskier Than Fiat Based Says Binance CEO Changpeng Zhao
A lot of regulators, like the U.S. Fed and the Bank of England, are discussing how stablecoins should be better supervised at the moment. This is due to the fact that they serve as the foundation of t...
Principles for Financial Market Infrastructures should be applied to stablecoins: BIS
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) of the Bank for International Settlements (BIS) published guidance on s...
even stablecoins are down- The Cryptonomist
Renowned crypto aggregator CoinGecko has released its quarterly report on the second quarter of 2022. CoinGecko report: stablecoins are down Amid the various key points, the report highlights the fact...
Russian’s Central Bank and Ministry of Finance clash over stablecoins
A representative of the Central Bank of Russia (CBR) said private stablecoins are fraught with risks as the underlying pool of assets “does not belong to the owner.” In turn, this potentially means fa...
ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban – Coinotizia
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi...
ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban – Regulation Bitcoin News
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi...
OKX Receives Virtual-asset License in Dubai, Stablecoins Trading Goes Live on OKC Chain
Cryptocurrency platform OKX (formerly known as OKEx) has received a provisional virtual-asset license from the Dubai authority. The exchange plans to set up a regional hub in the city, according to Bl...
Bank of Russia Says Stablecoins Are Not Suitable for Settlements – Finance Bitcoin News
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official...
FSB Suggested to Invoke Crypto Regulations, Especially for Stablecoins
Many regulatory authorities made crypto regulations their priority, now the Financial Stability Board joins the queue. In 2009, the G20 London Summit formed the Financial Stability Board. FSB is an in...
Tether stablecoins are now available on OKC | Company Updates| OKX Academy
Stablecoins are an absolutely integral part of the cryptocurrency experience, as evidenced by their market respective and combined market capitalizations — and no stablecoin has a larger market cap th...
PicPay Fintech ready to launch its Stablecoins and Expansion in crypto exchange
PicPay is Ready for the expansion of its services. PicPay is to launch its Real-Tied Stablecoin soon. PicPay is one of the Biggest Digital payment apps in Brazil. PicPay is a digital...
The Central Bank of Russia opposes private stablecoins
For an extended period, Russia’s financial systems have opposed private stablecoins. This is especially true of the Central Bank of Russia. In a new episode of the long-standing rivalry between The Ce...
Bank of Russia is opposed to the use of privately issued stablecoins –
– Advertisement – The Bank of Russia takes a stance against the use of private stablecoins inside the nation In the latest development of the ongoing conflict between the Central Bank of R...
Bank of Russia opposes private stablecoins in the country
In a fresh episode of the longstanding battle between the Central Bank of Russia (CBR) and the country’s Ministry of Finance, representatives of the former have criticized the latter’s idea of s...
Stablecoins current form not fit to be used in the real economy: ECB
According to the latest findings explained in a detailed report, ECB says that Stablecoins are not suitable for usage in the actual economy and are not effective as a form of payment. Research by the ...
Paxos Reveals USDP and BUSD Reserves Challenges Other Stablecoins
Paxos Trust became the first stablecoin issuer to reveal the composition of its reserves for Binance USD (BUSD) and the Pax Dollar (USDP). The disclosure, down to the unique identification number of T...
Russian Finance Minister backs legalization of transactions with stablecoins
The Russian Ministry of Finance (Minfin) is prepared to support the legality of transactions in Russia that use stablecoins, as per a high-ranking government representative. Indeed, the head of the F...
Russia’s Finance Ministry Supports Circulation of Stablecoins in Country – Finance Bitcoin News
The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurre...
An Important Step In Bringing Regulatory Clarity To Bitcoin, Stablecoins, & Digital Assets
Senator Cynthia Lummis, a Republican from Wyoming, left, speaks during the DC Blockchain Summit in Washington, D.C., US, on Tuesday, May 24, 2022, alongside Kirsten Gillibrand, Democratic Senator from...
NumisMe launches with APR for USD stablecoins and liquidity providers
Today, NumisMe announces the launch of the NumisMe Vaults (featuring APR Booster), Staking, and LP incentives. Simply deposit your crypto and grow your capital with some of the highest and most secure...
This Landmark Law Aims To End Crypto As We Know It In 2023 As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, And Dogecoin Rebound
The crypto market turned green in the first week of July. The price of bitcoin gained 7.4% and ethereum’s price rebounded a whopping 15.2% this month. CardanoADA is up 5.2%, XRPXRP 6.9%, solana 17.2%,...
Chinese Court Reaffirms Stablecoins are Not Legal Tender
It is already about a year since China banned transactions involving digital currency transactions, and a Chaoyang Court in Beijing has further reiterated that cryptocurrencies are not a legal tender ...
Federal Reserve Conference Hints Stablecoins Can Reinforce USD’s Status – crypto.news
The central bank-issued digital currencies did not convince panelists at the recently concluded Federal Reserve conference, and CBDC cannot alter the global currency arrangement. The United States Fed...
Fed conference hears stablecoins may boost USD
The tech of CBDC wasn’t enough to convince some panelists at a Fed conference The panelists agreed that factors such as market and political stability are more crucial for dominant reserve currencies ...
Argentina: stablecoin swaps rise due to peso’s collapse
Citizens in Argentina appear to be relying on stablecoins in anticipation of the collapse of the national fiat currency Argentine peso. The main cause of this event is political-economic uncertainty t...