The Securities and Exchange Commission is considering new firewalls for custody and market-making businesses at crypto firms and pushing for more SEC oversight of stablecoins. During an April 4 speech...
Tag: Stablecoins
UK government moves forward with regulatory framework on stablecoins for payments
The United Kingdom’s Economic and Finance Ministry has said it intends to amend its existing regulatory framework to incorporate stablecoins used as a means of payment. In a Monday announcement,...
UK Treasury outlines plan to regulate stablecoins and issue an NFT
The UK’s chancellor Rishi Sunak set out plans on Monday to regulate stablecoins and issue an NFT as part of a bid to position the UK as a crypto-friendly tech hub. The moves would see stablecoin...
In Newly Introduced Bill, US LawMakers Target Stablecoins & Its Issuers
Stablecoins are digital assets pegged to fiat currencies such as the U.S. dollar. Usually, stablecoins are backed by a $1 or its equivalent that is redeemable in the reserves. There are various concer...
Terra founder Do Kwon Targets Stablecoins Wars; But is DAI at Risk?
Terraform Labs CEO Do Kwon has revealed a new alliance with Frax Finance and Redacted Cartel, a move targeted at winning the so-called ‘Curve Wars’ while potentially dealing a deadly blow to the DAI s...
US Lawmakers Introduce A Bill Targeted at Stablecoins
Stablecoins are cryptocurrencies that usually peg 1:1 to fiat currencies like the US dollar. For every stablecoin in circulation, supposedly, there should be a $1 bill or its equivalents as redeemable...
New Bill By US Lawmakers: Aims at Bringing Transparency in The Stablecoins Marketplace
Representative Hollingsworth and Senator Bill Hagerty have introduced a bill to bring greater transparency to the stablecoin marketplace. It is expected to have a considerable impact on the stableco...
What requirements does the proposed bill, Stablecoin Transparency Act, possess for Stablecoins?
The Stablecoin Transparency Act was presented in front of the Congress chamber to make sure stablecoins follow some regulations Representative Trey Hollingsworth in the house and Senate Bill Hagerty i...
Proposed Bill Would Require Stablecoins to Be Backed by Dollars, Government Securities
In brief The Stablecoin Transparency Act would require stablecoins to be fully backed by dollars or short-term government securities. Stablecoin issuers would also have to publish audited reports. Rem...
UK Treasury In Talks With Crypto Firms On Stablecoins, Set To Release New Crypto Rules
The UK’s finance ministry is set to release new regulatory frameworks concerning cryptocurrencies and the use of blockchain technologies across its jurisdiction. Alongside this, government offic...
UK to Unveil Plans for Crypto Regulation, Eyeing Stablecoins
U.K. government will announce a cryptocurrency regulatory regime in the next few weeks, with a focus on stablecoins, and the details of the plan are still being actively discussed, CNBC has the detail...
Why did Argentine Crypto Exchange, Buenbit, add more stablecoins on the platform?
Recently, Argentina-based cryptocurrency trading and exchange platforms have added several new stablecoins. The firm cited the reason for the popularity of digital assets in the region behind the addi...
Argentine exchange Buenbit adds more stablecoins due to growing popularity
advertisement Buenos Aires-based exchange Buenbit has added four new stablecoins to its platform, citing growing popularity for the digital asset class. These stablecoins keep parity with the U.S. dol...
ANZ issues $30m stablecoins pegged to the Australian dollar
TL;DR Breakdown Australia and New Zealand Banking Group (ANZ) becomes the first Australian bank to mint stablecoins. ANZ teamed up with crypto custodian Fireblocks and they have minted $30 million sta...
e-Money Set to Bring European Stablecoins to Avalanche Ecosystem
Blockchain payment platform e-Money is bringing its fiat-pegged European stablecoins to the Ethereum-rivalling Avalanche network. Next week, at the annual Avalanche Summit in Barcelona, the Danish fin...
Here’s why stablecoins and not Bitcoin is the new ‘safe haven’
Stablecoins appear to have done very well in an otherwise turbulent year for most mainstream cryptocurrencies. While most cryptocurrencies have rebounded from their deficits, stablecoins maintained th...
Caution Traders!! BTC And Alts To Suffer A 20% Correction! Veterans Silently Allocating Funds Into Stablecoins!
The world of cryptocurrencies has been showing sanguine numbers, in view of the weekend. Wherefore the market cap of the industry has grown 3.8% over the day. Taking the numbers to well over $1.96 T...
TòrÒnet a Blockchain Platform Built Specifically for Financial Inclusion Launches With Four Stablecoins – Press release Bitcoin News
press release PRESS RELEASE. TòròNet recently announced the launch of the network’s mainnet, following nearly six months of operating a testnet. The blockchain was launched together with stablecoins i...
Your Favorite Stablecoins Are Now Available to Trade on Phemex » NullTX
When Bitcoin was first created, it was considered a great way to make peer-to-peer transactions. It was touted as a payment method that would allow for more privacy transparency and a way to ease the ...
Stablecoins Wallet Addresses Records 12m with Holding at Least $1m
Amidst the dwindling digital currency market trend, data has confirmed that more investors have continued to hedge their crypto assets by converting them to stablecoins, keeping them safe and ready to...
Stablecoins Now At $187 Billion, UST And USDN Volume On The Rise
There has been fast growth in the stablecoin economy, with a recent total of $187 billion, which is quite near the $200 billion thresholds. Stablecoins like Terra’s UST and Neutrino Protocol’s USDN ar...
CoinFLEX CEO Mark Lamb Explains How flexUSD Stacks up to Other Stablecoins – Interview Bitcoin News
CoinFLEX creates innovative solutions to bring investors and crypto markets together through intuitive yield products such as flexUSD, the world’s first interest-earning stablecoin, and AMM+, the most...
CBDCs Will Not Change the Role of Stablecoins, Says Tether CTO
With the International Monetary Fund (IMF) data showing about 110 countries around the world are currently developing their own Central Bank Digital Currency (CBDC), the subject has garnered a lot of ...
How Kenyan Micro-Task Workers Are Using Stablecoins To Make Affordable Cross-Border Payments
One of the major challenges facing micro-workers globally is the cost and friction of processing international payments to local currencies. Processing a $5 micro-payment from the US to Kenya may cost...
Bill Regarding Stablecoins Regulation Within US Territory To Introduce By The End Of This Month
An unknown source reported to Blockworks that a bill concerning stablecoins regulation within the territory of the U.S could be introduced by the end of the month. In February, an early draft of the b...
Anchor protocol promises 20% APY on stablecoins in the market
Anchor protocol has promised to give returns of 20% to investors The platform looks similar to most other lending protocols Anchor’s highest TVL is of $9.46 billion on Jan 17 on various occasions O...
Stablecoins will have to reflect and evolve to live up to their name
In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exe...
Why Bloomberg Analysts Are Bullish On Decentralized Stablecoins ⋆ ZyCrypto
Advertisement     Key Takeaways Bloomberg Intelligence analysts note that algorithmic stablecoins could be game-changing for crypto to be permissionless. Algorithmic s...
Earn 20% APY on stablecoins? That’s what Anchor Protocol promises
On the 10th of February Terra tweeted that it would inject $450 million into its official DeFi platform, Anchor Protocol. The announcement comes almost a year since Terraform Labs Foundation injected ...
Russia Invasion Could Boost Bitcoin (BTC), Ethereum (ETH) and Stablecoins, According to Bloomberg Intelligence
Bloomberg Intelligence says that Russia’s invasion of Ukraine could aid in driving up the prices of Bitcoin (BTC) and Ethereum (ETH). In the March edition of Crypto Outlook, the research arm of media ...
The Rise And Rise Of Stablecoins – Report Chronicles A New High In Stablecoin Market Cap ⋆ ZyCrypto
Advertisement     Stablecoins have reached an all-time high in their valuation as the rest of the markets struggled. The new market capitalization of stablecoins stand...