Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t g...
Tag: Stablecoins
Over $500,000,000 in Crypto Liquidated Amid Sell-Off As Ethereum Whales Flock to Stablecoins
Crypto markets are witnessing massive liquidations as the period of stagnation pushes deep-pocketed investors into adopting less volatile currencies such as stablecoins. According to digital assets-fo...
NFT Transfer Activity on Ethereum Exceeds That of Stablecoins, ERC-20s
Key Takeaways NFT transfers make up a greater share of Ethereum transfers than either stablecoins or ERC-20 tokens, according to research published today. Daily NFT transfers remain close to all-time ...
MUFG drops blockchain payment project to focus on stablecoins
Japan’s biggest financial conglomerate, Mitsubishi UFJ Financial Group (MUFG), will abandon its three-year-old blockchain payment project to focus on other digital and fintech initiatives. MUFG offici...
CBDCs Have Advantages Over ‘Unbacked Crypto Assets’ And Stablecoins, According To The IMF’s Chief Economist
Privacy concerns about China’s digital yuan, which Georgieva highlighted as one of six central banks on the border of CBDC development in her speech, were not addressed. For starters, CBDCs aren’t a o...
Ethereum Whales Run to Stablecoins and Two Altcoin Projects As Bitcoin Tests $40,000
As the overall markets shake off a mid-week shockwave that sent prices tumbling, big players in the crypto world are scooping up some lesser-known and safer digital assets. Fresh data from blockchain-...
US Lawmaker introduces a draft bill focused on stablecoins management
New Jersey Rep. Josh Gotteheimer, a member of the Democratic Party, disclosed an early draft of legislation aimed at placing reports around stablecoins. Legislation is focused on engraving authorized ...
FSB wants more data to measure risks of Bitcoin, stablecoins, DeFi
The Financial Stability Board (FSB), a global financial authority funded by the Bank for International Settlements, has released a new report on the financial stability risks associated with cryptocur...
New Bill for Regulating Stablecoins Proposed by US Lawmaker, But There’s a Catch
Yuri Molchan A draft of legislation regarding stablecoins has been proposed by US lawmaker Josh Gottheimer; however, it has faced a backlash from critics Contents “Qualified” stablecoins, ...
U.S. Representative Introduces Draft Bill to Regulate Stablecoins
Key Takeaways Today, U.S Representative Josh Gottheimer unveiled an early draft of a bill regulating U.S. dollar-backed stablecoins. The proposed legislation would designate certain stablecoins as ...
Stablecoin Are Critical To Increased U.S. Banking Competitiveness
Despite the criticism that stablecoins and stablecoin issuers have recently faced, including from the highest levels of the U.S. government, there is an opportunity embedded in the continued growth of...
Profit in a Crypto Winter: Stablecoins, Altcoins & DeFi
It’s been a rocky few weeks for the crypto market. Since Bitcoin rallied to an all-time high above $69,000 in November, it’s slumped by almost 50%, dragging other lower cap coins along with it. Variou...
Ethereum Co-Founder Vitalik Buterin Talks Argentina, BCH, Stablecoins, Scaling in Tweetstorm – Coinotizia
Vitalik Buterin, the co-founder of Ethereum, the second-biggest cryptocurrency by market cap, has reacted to some of his earlier beliefs in a new year’s tweetstorm. The developer touched on some subje...
As Congress weighs stablecoins, Tether emerges as a regulatory boogeyman
As Congress mulls new stablecoin laws, members clearly want to keep anything like the stablecoin Tether from cropping up again. For context, the House Financial Services Committee and the Senate Banki...
Stablecoins Reserves On All Exchanges Hit New Record High Of $27 billion
The crypto market has been on a recovery path from the slump it was in. Bitcoin, the benchmark cryptocurrency, has gained over 20% in the last seven days. The market may be poised for even more upside...
Mitsubishi to start with stablecoins to speed up settlement processes
Stablecoins will be issued by Mitsubishi to speed up settlement processes Blockchain technology in the line of security trading will soon be implemented Investments have become more viable with digi...
Tether and Other Stablecoins Are Becoming the New Wave in Brazil
Due to the constant reduction in the value of the Brazilian currency, Real, people have become more incentivized to delve into cryptocurrencies. The economy of Brazil has taken a hit over the past few...
LIVE BLOG: The House Talks Stablecoins
12:09 p.m. (HB) Rep. Tom Emmer (R-Minn.) pointed out that while stablecoins represent just 5% of the digital asset industry’s total value, they account for more than 75% of crypto trading, which...
Stablecoins Total Market Cap Breaches $179 Billion Mark
Stablecoins, the digital currency that is the talk of the town, are gradually taking over the crypto world as more users and corporations vie for its benefits. Such news doesn’t come as a surprise any...
USDF Consortium Chair – Ashley Harris Talks To Us About The Future Of Stablecoins
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US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets
Whether regulations on stablecoins and digital assets should be addressed at the state or federal level was the topic of discussion among at least two U.S. lawmakers in a hearing for the House Committ...
New York Fed: The Future of Payments Isn’t Stablecoins (Or Is It?)
A recent report by the New York Federal Reserve has opined that stablecoins will not be an integral part of the future of payments — in the U.S. at least. The Feb 7 report penned by professor of econo...
Stablecoins total market cap just surpassed $150 billion
The adoption of stablecoins, digital assets whose values are pegged most commonly to the U.S. dollar, is spreading by the day as more and more private users and institutions appreciate the benefits of...
Bitcoin, Ethereum And Stablecoins Poised For A Massive Takeover According To Bloomberg
The crypto market has been in a slump since the start of 2022. The crypto market has shed a lot of value along with traditional assets in reaction to several macroeconomics events. Despite this, analy...
House and Senate hearings on stablecoins will spotlight official behind Treasury report: sources
Hearings on stablecoins before both the House and Senate in the next two weeks are scheduled to feature just one witness: The Treasury official spearheading recent work on stablecoins, sources tell Th...
Flint Taps Solana To Provide Fiat Users With Annual Passive Returns Of Up To 13% On Stablecoins
Achieving an appealing annual return on a cryptocurrency investment isn’t easy, but not impossible either. Traders can explore many methods to achieve this illustrious goal. Flint, a passive cry...
Fed releases new research on risk and promise of stablecoins
The Federal Reserve released a new research report on stablecoins today, noting the risks and potential of the emerging digital assets. In the report, researchers Gordon Liao and John Caramichael exam...
US Senate slates hearing on stablecoins for February 15
advertisement Just days after the House of Representatives examines stablecoin regulation, the Senate will take its own look at the issue. The Senate Banking Committee has slated a February 15 hearing...
What’s the Point of Stablecoins? Understanding Why They Exist
Fiat-backed stablecoins, for instance, are popular because they are as stable as the U.S. dollar (USD) or other widely accepted currencies. However, linking crypto to a federal currency makes fiat-bac...
House of Representatives committee schedules hearing on stablecoins for February 8
advertisement The House of Representatives will examine the outlook for stablecoin regulation early next month. Per a January 25 announcement from Chairwoman Maxine Waters (D-CA), the House Financial ...
Russia mulls over legalizing crypto mining and stablecoins
`TL;DR Breakdown Vladimir Gutenev suggests gold-backed Russian stablecoin in place of an outright crypto ban. The legislator believes that the stablecoin and mining legalization would significantly be...
Will Cryptocurrencies Shatter The Monopoly Governments Have On The Creation Of Money?
If you want to see the future of cryptocurrencies, look at Turkey. Its currency, the lira, is plunging in value, down 40% against the dollar since September. The official inflation rate—which the Turk...