United Kingdom’s Department of Treasury, or Her Majesty’s Treasury, has reportedly decided to go ahead with regulating stablecoins as legal tender. While welcomed by the crypto community, the de...
Tag: Stablecoins
The UK Plans to Regulate the Stablecoins Following Terra (LUNA) Collapse
The British Treasury has declared about regulating the stablecoins after experiencing the collapse of TerraUSD(UST) and terra (LUNA). The HM Treasury, UK Treasury Department by acting on this has plan...
UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown – Regulation Bitcoin News
The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service prov...
US and UK Regulators to Take Action on Stablecoins after Terra’s Collapse
Regulatory agencies in the US and UK have raised their worries concerning stablecoins after the collapse of the controversial stablecoin Terra (UST). In recent days, stablecoins have led the crypto ma...
Terra crashed. What does it mean for other stablecoins? Here are the potential winners and losers
It’s the third day since TerraUSD, an algorithmic stablecoin designed to trade 1 to 1 against U.S. dollars, fell off its peg for an extended period of time. TerraUSD USTUSD, +4.36%, or UST, the 11th l...
SEC Commissioner: Hints that SEC May Develop Strict Rules For Stablecoins
The recent instance of Terra’s crash has affected the whole crypto industry currently witnessing bearish trends. Following this, Crypto Mom has hinted that SEC might develop stricter rules regar...
Stablecoins have the Queen’s approval in England, while the crypto landscape is on a bearish streak
Prince Charles recently spoke about various legislative policies and using stablecoins. It is the first time that the kingdom in England has come so close to the crypto-market, which for many fans of ...
Stablecoins Receive Queen’s Blessings As UK Braces For Landmark Crypto Legislation
Prince Charles spoke on behalf of the Queen of England (citing health reasons) at the House of Lords last week, outlining her government’s legislative priorities and listing the measures it intends to...
SEC Commissioner Expects Tighter Stablecoin Regulation — Yellen Says Stablecoins Not Real Threat to Financial Stability – Regulation Bitcoin News
A commissioner with the U.S. Securities and Exchange Commission (SEC) expects to see stricter regulation on stablecoins. However, Treasury Secretary Janet Yellen says stablecoins are currently “not a ...
FTX CEO Sam Bankman-Fried: Algorithmic Stablecoins Should Be Called Something Else
The FTX Crypto exchange founder Sam Bankman-Fried has talked about the stablecoins following the massive crash of LUNA and TerraUSD (UST). He highlights that stablecoins can be used to mean multiple ...
Trust in stablecoins ‘infinitely more important’ than collateral
In light of recent market effects due to the collapse of the TerraUSD (UST) stablecoin, several questions should be answered about what makes a stablecoin usable as the crypto market expands. Co-found...
What Are Algorithmic Stablecoins? – Decrypt
Decentralized finance (DeFi) is a complex and rapidly developing industry, full of experimentation and innovation, and building on the philosophical and ideological foundations of a more efficient, ce...
UST’s Creator States Way Forward as Anchor Proposes Reduction in the Stablecoin’s Yield – crypto.news
UST developer Do Kwon has posted a series of tweets explaining the way forward for the stablecoin after recent events. He mentioned some plans to ensure UST recovers after dropping to merely 50% of it...
It’s Time To Call Algorithmic Stablecoins Something Else, Says FTX Crypto Exchange CEO Sam Bankman-Fried
FTX cryptocurrency exchange founder Sam Bankman-Fried is weighing in on the future of stablecoins after two top cryptos suffered staggering losses this week. Bankman-Fried recently tweeted about how s...
Hester Pierce, The SEC’s commissioner, has Backed a Regulatory Framework for Stablecoins
The Crypto mom, Hester Pierce said that Stablecoins regulatory moments should be allowed for trial and error and, also a room for failure. Hester Pierce, the SEC’s commissioner, has backed a regulator...
Janet Yellen: stablecoins are not a threat to the system
US Treasury Secretary Janet Yellen says the stablecoin market is not large enough to be a concern for financial stability. Janet Yellen reassures financial markets about the “volatility” of stablecoi...
TerraUSD: Major exchanges delisted some stablecoins
The cryptocurrency market recently witnessed one of its most significant downturns when primary tokens lost around 20 percent of their value in one day. Added to this decline is TerraUSD, labeled as a...
Regulators anxious about stablecoins like tether after UST collapse
The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial...
Here’s everything you need to know about TerraUSD, Tether and other stablecoins
Update on 13 May at 09:49 UTC – Paolo Ardoino, CTO of Tether and Bitfinex tweeted that Tether has cut some holdings of commercial paper. In the accompanying news article, Ardoino explained that ...
Tether’s Ardoino Backs USDT While Stablecoins Depegging Continues! What Next ? – Coinpedia – Fintech & Cryptocurreny News Media
The year 2022 isnt been very favorable for the cryptocurrency market, especially the month of April and May. Now in just a few days, the cryptocurrency market has suffered more losses following Terra ...
Binance Cuts Bitcoin-LUNA Perps as CZ Warns Against Algorithmic Stablecoins
Key Takeaways Binance has delisted Bitcoin-margined LUNA perpetuals in response to Terra’s death spiral. It’s also reduced the maximum leverage to 8x on USDT-margined LUNA perpetuals to 8x...
Treasury Secretary Yellen Says Stablecoins Pose Financial Stability Risks, Cites Collapse of TerraUSD (UST)
U.S. Secretary of the Treasury Janet Yellen is calling for legislation that will regulate stablecoins to eradicate the risks she believes they pose to financial stability. While testifying before the ...
This Billionaire Warned Against Algorithmic Stablecoins in 2021, What’s Next?
Despite criticism from various quarters, the phenomenon of algorithmic stablecoins continued to gain popularity until recent past. After the massive decline in $UST’s value earlier this week, all the ...
After the Collapse of Terra’s UST, What’s Next for Algorithmic Stablecoins?
In brief Terra’s UST stablecoin is trading well below its $1 target. Stablecoin creators and skeptics alike believe collateralization is key to consumer confidence. On Monday, the Federal Reserv...
Bitcoin at 16-Month Low as UST Collapse Shows Risks of ‘Algo’ Stablecoins
Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $28,500, down about 7%, although it fared better than most other major cryptos, underscoring its status as a less ...
Tron CEO Deposits 100M Tether (USDT) in Binance As Stablecoins Deposits to Exchanges Surge Amid Price Dip
– Advertisement – Many traders are taking advantage of the price dip to increase their cryptocurrency holdings. The cryptocurrency market has suffered tremendous losses since last week af...
Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collapse
“After this analysis, we felt, and continue to feel, that UST will ultimately maintain its peg and a number of attractive opportunities had become available,” Arca CEO Rayne Steinberg wrote to investo...
US Regulators Going After Stablecoins, Stresses Making Regulations Stricter
These days stablecoins are a controversial topic in Washington. U.S lawmakers are demanding the regulation of stablecoin urgently after Monday’s terra USD (UST) disaster. Janet Yellen,&nbs...
Unstable Market – Investors Seek Stablecoins Support
5 hours ago | 2 mins read Altcoin News The market capitalization of stablecoin is around $170 billion as of this month. The only category of coin that is trading in green during the last 7 days. Stabl...
Why does the Federal Reserve’s state that Private Stablecoins are vulnerable in its new reports?
In terms of stablecoins, there is a notion that they are a safe window to have exposure to crypto-assets, but the authority considers its potential threats to the economy Raising concerns are voiced b...
The Fed cites its concern about stablecoins in its latest Financial Stability Report
The United States Federal Reserve Board released its semiannual Financial Stability Report on Monday. The report points to the volatility on commodities markets brought on by the Russian invasion of U...
Rumors run riot as UST collapses amid Yellen report on stablecoins
Rumors are circulating online that Citadel Capital may be behind the UST crash as Janet Yellen announces a report on stablecoins. The hedge fund, which is well known for its involvement in the shortin...