If Congress were to authorize and the Fed were to pursue a central bank digital dollar, is there anything about that which ought to disqualify a well-regulated privately-issued stablecoin from coexist...
Tag: Stablecoins
Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says – Regulation Bitcoin News
Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russ...
Does a Fed digital dollar leave any room for crypto stablecoins?
During Jerome Powell’s Jan. 11 United States Senate confirmation hearings, Sen. Patrick Toomey posed a question to the incumbent-and-future Federal Reserve chief: “If Congress were to authorize and th...
Fed chair Powell doubles down on continued survival of private stablecoins — as long as they are better regulated
Jerome Powell, the recently re-confirmed chair of the Federal Reserve, has reaffirmed his belief that a digital dollar should not drive private stablecoins out of the market Following a Senate hearing...
Here’s why Paxos CEO thinks stablecoins will overtake Bitcoin as payment channel
When it was first envisioned over a decade back, Bitcoin was supposed to be a decentralized alternative to fiat currencies to transform existing financial systems. Much of that has changed along the w...
UST: This latest initiative by Terra’s ecosystem is reshaping algorithmic stablecoins
Decentralized stablecoin issuer Terra issued a proposal to expand the interchain deployment of its TerraUSD (UST) stablecoin. Namely across five projects on Ethereum, Polygon and Solana. Terra would p...
FDIC-Backed Banks Send Stablecoins in USDF First
NBH Bank and New York Community Bank have conducted the first USDF transaction over the Provenance Blockchain. NBH Bank minted the newly introduced stablecoin and sent it to a customer of New York Com...
Regulations Can Help Stabilize Stablecoins, Preventing a Possible Run, OCC Says
The Acting Comptroller of the Currency of the United States, Michael J. Hsu, gave a speech on January 13, 2022, highlighting the advantages of regulating the cryptocurrency space-specifically stableco...
The Urgent Need for Regulatory Clarity on Stablecoins
Asset-backed stablecoins are digital currencies that are issued against traditional fiat currencies held on a 1:1 peg. In theory, one U.S.-dollar-backed stablecoin should be equal to one U.S. dollar. ...
OCC Chief: Bank Regulation Can Put ‘Stable’ in Stablecoins
The Office of the Comptroller of the Currency (OCC) is charged with regulating all national banks within the U.S. But its acting head implied the agency has the wherewithal to bring stablecoins under ...
Fed Chair Jerome Powell Argues private stablecoins can co-exist with US CBDC
On Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC). ...
Hong Kong’s Central Bank Says Stablecoins Have Capacity To Enter Mainstream Financial System
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), is seriously mulling over how to properly regulate stablecoins. The HKMA thinks that while stablecoins still pose a risk to financial...
U.S. Banks Form Consortium to Mint USDF Stablecoins
The USDF Consortium is an association of Federal Deposit Insurance Corporation (FDIC) insured financial institutions that launched on January 12th. The founding members of the consortium include New Y...
Stablecoins Could Coexist With CBDCs, Says Fed Chairman
Privately issued stablecoins could exist alongside a potential central bank digital currency, according to Federal Reserve Chair Jerome Powell. Powell spoke at a Senate Banking Committee hearing ear...
US Fed Reserve chair Jerome Powell changes his stance on stablecoins
The chair of the US Federal Reserve, Jerome Powell, has shared several sentiments regarding the crypto space, hinting that a clear crypto regulatory framework for the US could soon be unveiled. During...
Jerome Powell softens regulatory stance against stablecoins, says can coexist with the Fed’s CBDC
In a Senate Banking Commitee press conference this past Wednesday, Federal Reserve Chair Jerome Powell clarified in response to a question on whether a potential Fed CBDC would preclude the existence ...
Why Brazilians Are Turning to Stablecoins Like Tether
Amid record inflation and a constant devaluation of their local currency, Brazilians are turning to cryptocurrencies and, in particular, stablecoins as never before. According to Receita Federal, the ...
Fed Chair Says A US CBDC And Stablecoins Could Coexist
Jerome Powell – chairman of the Federal Reserve – appears to have reversed one of his previous positions on the relationship between CBDCs and stablecoins. Testifying in front of the US congress, he s...
Incoming Bear Storm? Justin Sun moves $166 million Stablecoins from Exchanges to his Address
Crypto whale and founder of the TRON (TRX) blockchain, Justin Sun, has been moving funds between his wallets. According to on-chain data, Sun has now moved $166 million worth of stablecoins from excha...
PayPal Confirms That It Is Actively Exploring Stablecoins
PayPal Holdings Inc. (NASDAQ: PYPL) has confirmed earlier investigations about its exploration of stablecoins in line with its broader crypto strategy. The investigation in question was initiated by S...
Decentralized Stablecoins To Prosper In 2022! Luna, Convex Finance, And Frax On Fire!
The persistent threat of stablecoin regulation and the centralized nature of USDT and USDC are stimulating the growth of decentralized stablecoins. Digital coins that are pegged to USD appear to be un...
Andreessen Horowitz Proposed Its Crypto Regulation: For ‘Targeted’ Regulations, Web 3 And Stablecoins
Andreessen Horowitz, a large venture capital firm in the crypto sphere, advises governments regarding the crypto regulation in a report that targeted the “world leaders.” Andreessen Horowitz, or a16z,...
Due to Crypto Regulation Defi Investors feeling safe with Decentralized Stablecoins
Skepticism of authorities towards crypto makes them feel comfortable with the thought of crypto being regulated. On the other hand, crypto regulations will be skeptical for investors or crypto individ...
Understanding DAI and Stablecoins – TCR
DAI is an Ethereum based stablecoin pegged by US Dollar MakerDAO is decentralised autonomous exchange that manages it. DAI can be used to generate passive income too. Stablecoins, as the name suggests...
Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors
Stablecoins have emerged as a foundational part of the cryptocurrency ecosystem over the past couple of years due to their ability to provide crypto traders with an offramp during times of volatility ...
Andreessen Horowitz Calls For ‘Targeted’ Regulations for DeFi, Stablecoins and Web3
In brief Andreessen Horowitz is a major venture capital firm in the crypto space. It’s giving hints to national governments about how crypto should be regulated. Everyone’s got a different...
Wirex Adds Six Stablecoins on Its Payment Platform
Wirex, a crypto-friendly digital payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party ...
Bitcoin Dips Below $44K, Crypto Economy Drops 4.5%, Traders Rush to Stablecoins – Market Updates Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Terra, Abracadabra Stablecoins “Are Going to Zero”: Maker Founder
Key Takeaways MakerDAO founder Rune Christensen has called out rival stablecoin protocols Terra and Abracadabra.Money. He said that UST and MIM are “not built for resilience,” adding that ...
Turkey’s Inflation Jumps to 36%, Lira’s Value Plummets, Citizens Flock to Stablecoins – Economics Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Stablecoin Friendly Policies Can Help Make 2022 A Breakout Year For The Sector
Stablecoins increasingly are the form of cryptoassets most commonly used for transactional purposes, and as 2022 gets underway the importance of these cryptoassets will only increase. Getty STRF/STAR ...
Ethereum Co-Founder Vitalik Buterin Talks Argentina, BCH, Stablecoins, Scaling in Tweetstorm – Bitcoin News
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...