In recent years, stablecoins have become wildly popular throughout the crypto universe due to their inherent feature that safeguards investors from the volatility of the crypto market. They are used f...
Tag: Stablecoins
Terra introduces 4pool for UST, FRAX, USDC and USDT stablecoins
The Terra community continues making efforts to emerge as a leader in decentralized finance (DeFi). The network has announced the launch of “4pool” to support the growth and adoption of UST and the FR...
The UK says it’s ready to regulate stablecoins for payments
The UK will enact certain stablecoins into its installments framework, the Economic Secretary to the Treasury said Monday Cryptocurrencies like bitcoin are next on its list John Glen reported the publ...
Stablecoins Experience 500% Growth Since 2021; Democrats Need to Act
Currently, Democrats are divided on whether the Biden Administration or Congress should be directly addressing stablecoin regulation, as questions surrounding whether the dollar-pegged asset should fa...
Crypto Veterans Shed Light on CBDC and Stablecoins Including TUSD, Endorsing Competition in Money Market – crypto.news
The renowned documentary series “The Future is Now” has recently shifted its focus to the blockchain industry. The team produced its first-ever crypto-related documentary titled “Aligning the Future,”...
Senator Pat Toomey Calls For A ‘Sensible Regulatory Framework’ On Stablecoins To Keep The Dollar Atop ⋆ ZyCrypto
Advertisement     Republican Senator Pat Toomey believes that U.S regulators can find a common ground with regard to drawing up regulations for stablecoins, barely a m...
Terra buys $200M in AVAX for reserves as rival stablecoins emerge
Terraform Labs (TFL) and the Luna Foundation Guard (LFG) have announced they have purchased a combined $200 million worth of Avalanche (AVAX) tokens from the Avalanche Foundation. TFL, the company re...
U.S. Treasury Secretary Raises Concerns Over ‘Systemic Risk’ of Stablecoins in New Speech
U.S. Treasury Secretary Janet Yellen has reservations about the rise of stablecoins and their implications on the financial landscape. In prepared remarks, Yellen says that stabelcoins raise policy co...
Stablecoins Present “Bigger” Economic Threat, Says India’s Reserve Bank
An Indian central bank governor said stablecoins presented a bigger threat to economic stability than other cryptocurrencies. He also cited a need for central bank digital currencies (CBDCs) to catch ...
Decoding what ‘increase in stablecoin’s whale transactions’ means for BTC & alts
You have to admit, stablecoins aren’t the most exciting part of the crypto industry, especially when there are NFTs and TVLs to gawk at. However, stablecoins are important indicators for Bitcoin or al...
The role of stablecoins in the future of E-commerce
Digital currencies and payment systems have taken the world by storm by significantly benefiting customers and society with increased efficiency, broader financial inclusion, and more innovation. The...
US Senator Pat Toomey Proposes Alternate Regulatory Framework for Stablecoins Featuring Looser Rules
Senator Pat Toomey of Pennsylvania is proposing a different regulatory framework for stablecoins than what US President Joe Biden had previously announced. In the bill, Toomey proposes a new license f...
Yellen Focuses on Stablecoins in First Crypto Speech
Share this article Treasury Secretary Janet Yellen has delivered her first full-length speech on cryptocurrencies following President Biden’s crypto-focused Executive Order at the beginning of March. ...
Keep Stablecoins Aside From Securities Ordinances: Bill Proposed By Toomey
Republican Senator Pat Toomey has recently put forward a bill regarding the regulation of stablecoins in the United States. He highlighted that the proposed regulatory framework would protect consume...
Toomey drafts bill to exempt stablecoins from securities regulations
Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States. According to a draft relea...
Treasury Secretary Yellen’s first speech on crypto will focus on existing laws — except for stablecoins
Treasury Secretary Janet Yellen will speak on cryptocurrencies today at American University in Washington, DC. A much-anticipated event, it is the first time Yellen is addressing the subject at length...
Crypto Whales Accumulating Stablecoins; Is This A “Buy The Dip” Opportunity?
Crypto whales appeared to be positioning to buy into a cheaper market, data showed. A recent drop in crypto prices saw a corresponding rise in stablecoin buying by whales. Stablecoins such as Tether (...
Senator Toomey releases draft bill setting up framework for stablecoins
Another proposed approach to stablecoin regulation has entered the Congressional arena. On April 6, Senator Pat Toomey (R-PN) released a draft of his Stablecoin Transparency of Reserves and Uniform Sa...
Stablecoins, Connecting Crypto and Fiat
Key Takeaways Stablecoins’ high market cap demonstrates their importance to the broader crypto market. Due to their low volatility, stablecoins are useful as a form of collateral or for settling trade...
Lightning Labs secures $70M funding to integrate stablecoins on Bitcoin’s network
Lightning Labs, the software firm for the Bitcoin (BTC/USD) network, has secured $70M funding to develop the Lightning Network. The funds will boost speeds and lower costs for transactions done on the...
UK to Accept Stablecoins as Form of Payment, Plans to Mint NFT by this Summer
The UK announced on Monday to accept stablecoins as a valid form of payment and has set plans to make Britain a global hub for crypto-asset technology and investment. The government plans to regulate ...
Lightning Labs raises $70M to add stablecoins
Bitcoin software firm Lightning Labs has secured a large funding round enabling it to further develop the Lightning Network for faster, cheaper Bitcoin and stablecoin transactions. The $70 million Ser...
UK Government Sets Structure to Incorporate Stablecoins as Payment Mode
Authorities in the UK are also looking into the establishment of a Cryptoasset Engagement Group that would closely collaborate with the industry. UK’s Economic and Finance Ministry has revealed intent...
Lightning Labs unveils new protocol for Lightning Network stablecoins as it raises $70 million
Lightning Labs today unveiled a new product designed to widen the range of assets supported by the Lightning Network, a Layer 2 protocol that speeds up blockchain-based transactions. Named Taro, the p...
Stablecoins Emerging as a ‘Complement to Existing Payment Ecosystems’
An overwhelming number of banks are considering launching their own stablecoins, according to analysts at PwC. The report highlights that over 80% of central banks are either considering launching a c...
Lightning Labs Raises $70M to Bring Stablecoins to Bitcoin
A critical distinction between Taro and other stablecoins, like UST on Terra, is that Taro is only the infrastructure to enable the movement of assets over Lightning, be they stablecoins or some other...
SEC Chair Gary Gensler Speaks on Regulation for Stablecoins and Crypto
US regulators’ attention has been focusing on stablecoins for some time. The regulatory attention grew when the President’s Working Group on Financial Markets issued a report that called for the restr...
UK Government Unveils Plans to Revamp Regulation on Stablecoins as Payments – crypto.news
The UK Government has taken a step closer to mainstreaming cryptocurrencies by announcing plans to allow so-called stablecoins to be used as payment within the country. Plans to Incorporate Payments i...
UK Treasury says stablecoins could be used for payments
The UK Economic and Finance Ministry is paving the way for broader cryptocurrency adoption. The ministry has said that it has plans to change the current regulatory framework to foster the adoption of...
Crypto’s Coming Shock
Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin on display in Paris, France in 2018. (Photo Illustration by Chesnot/Getty Images) Getty Images The crypto world heaved a ...