Crypto prices remained mostly flat after the market opened on Tuesday, with Dogecoin rising significantly by 8.1%, outperforming the top 10 coins. Bitcoin fell 0.3% to $23,117 around 9:50 a.m. E...
Tag: Stablecoins
What are Stablecoins? Types of Stablecoins and how to Stake them – Cryptopolitan
Stablecoins have become increasingly popular in the cryptocurrency world to provide an alternative to the high volatility of other major cryptocurrencies. With their value pegged to another currency, ...
All Major Stablecoins USDT, USDC, DAI Surging Again, Data Says
Vladislav Sopov Leading on-chain data vendor IntoTheBlock shares inspiring ‘reversal’ statistics for cryptocurrency bulls Contents After 10 painful months, stablecoins started gaining trac...
Moody’s to Introduce Scoring System for Stablecoins
Leading financial institution Moody’s Corporation is reportedly working on a scoring system for up to 20 stablecoins, assessing the quality of their reserves attestation, Bloomberg reported on Jan. 26...
Moody’s Investors Service is Developing A Scoring System for Stablecoins
According to a Bloomberg report, Moody’s Investors Service, a credit company, is working on a scoring system for crypto stablecoins. Stablecoins are the most traded tokens in the crypto sector as the ...
Ether below $1,600, Silvergate down on dividend deferral, Coinbase pops 10%
Crypto prices remain relatively steady, with most of the major coins flat or marginally higher. Silvergate sank after suspending a preferred dividend. Bitcoin was trading at $23,000 by 11:50 a....
Ether Price Is Losing Ground Against Bitcoin
As the price ratio of ether to bitcoin returns to pre-FTX collapse levels ahead of the Shanghai upgrade, bitcoin dominance has spiked, leaving traders speculating about what will come next. Bitc...
Moody’s eyeing a scoring system for stablecoins
Moody’s Corp., an integrated risk assessment firm, will start looking at how it can ascertain the risk and health of stablecoins, Bloomberg News reported Jan. 26. The need to rate stablecoins comes am...
Stablecoins and CBDCs will be Integral for Payments
The outgoing chief executive officer of the credit card behemoth Visa, Alfred Kelly, believes that the company can integrate stablecoins and central bank digital currencies (CBDCs) into its services t...
Visa CEO Says There’s a “Meaningful” Future for Stablecoins and CBDCs
The CEO of the world’s largest credit card company told shareholders on Tuesday that stablecoins and central bank digital currencies (CBDCs) will play a “meaningful role” in the payments space going f...
Visa CEO Predicts Stablecoins and CBDCs to Revolutionize Payment Industry
In September 2021, Visa started working on a blockchain project to facilitate the adoption of CBDC and stablecoins, but very little progress has been made since then. Cryptocurrencies known as stablec...
Japan to Lift the Ban on Foreign Stablecoins by June 2023
The financial regulators of Japan have plans to pass regulations by June 2023. The regulation will be related to lifting the ban on foreign stablecoins and will permit various investors from the...
Japan’s FSA Lifts Ban on Stablecoins; New Regulations from June
Japan’s FSA announced that it has decided to lift the ban on stablecoins. From June 2023, domestic investors would be allowed to trade using stablecoins. The authority would ensure the security of the...
China Unveils Ripple’s Competitor for Stablecoins and CBDC Payments ⋆ ZyCrypto
Advertisement     The developers of UDPN describe it as equivalent to SWIFT. Some of the major banks expected to participate in the pilot phase include HSBC, Standard ...
Vitalik Buterin closes seven-month short trade on RAI token, netting $92,000
Ethereum co-founder Vitalik Buterin closed a seven-month short position on the non-pegged purported stablecoin RAI, netting a cool $92,000, according to on-chain records. Buterin took the trade ...
Investors hold Bitcoin, Ethereum over stablecoins in risk-off environment
Glassnode data analyzed by CryptoSlate suggests that investors are confident holding Bitcoin and Ethereum, over stablecoins, during the current risk-off environment As previously mentioned, billions i...
Chinese Blockchain Company Develops Payment System For Stablecoins and CBDC
A China-based blockchain company has recently launched a digital payment protocol to fill the gap between stablecoins and Central Bank Digital Currency. Red Date technology is a Hong Kong-based block...
Japan’s FSA expects to allow certain stablecoins by June 2023
Japan’s new regulations allowing investors to trade using stablecoins like Tether (USDT) are expected to be adopted no later than in June 2023, according to a local financial authority. The Financial ...
Chinese state company to build SWIFT-like bridge for stablecoins and CBDCs
Red Date Technology, a technical mastermind behind China’s state-backed blockchain-based Service Network (BSN), is coming up with a new initiative. It will bridge stablecoins to central bank digital c...
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs – Finance Bitcoin News
The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facil...
UDPN Aims to Connect State Controlled Stablecoins and CBDCs
A new crypto payments ecosystem for stablecoins and CBDCs called Universal Digital Payments Network (UDPN) debuted at Davos. Some are comparing the project to the antiquated SWIFT network. The differe...
Chinese blockchain firm launches the ‘SWIFT’ of stablecoins and CBDCs at Davos
A Hong Kong-based blockchain company has launched a digital payments system aimed at bridging the gap between stablecoins and Central Bank Digital Currencies (CBDCs). Red Date Technology, the blockcha...
Nigeria to introduce ICOs and stablecoins to widen payment outlook
Nigeria is all set to accept the presence of private stablecoins. The requirement to make a legal structure for stablecoins is written in the recent central bank strategy paper. The Centra...
MakerDAO approves 85% Gemini USD holdings in DAI stablecoins
The MakerDAO community voted in favor of keeping Gemini USD stablecoin as part of the protocol’s DAI stablecoin reserves amid concerns about insolvency. The MakerDAO community earlier started voting o...
Stablecoins And CBDCs Are The Future Of Money, Bank Of America Says
The continuous growth of stablecoins and cryptocurrency worldwide in terms of recognition and usage has caught the attention of the Bank of America. The second largest bank in the country, the bank’s ...
DEX users panic after stablecoins vanished
Users of Waves DEX have constantly been complaining that they cannot withdraw USDT or USDC from the exchange. Withdrawals of USDT and USDC appear to function fine on the Waves blockchain explorer, but...
Bank of America says CBDCs and stablecoins could revolutionize money
As the cryptocurrency sector grows larger, major institutions are starting to pay attention and are increasingly investigating the potential future of digital assets and the possibility of their adopt...
Iran and Russia begin working on gold-backed Stablecoins
As per a recent report, Iran and Russia have begun working on gold-backed stablecoins. The stablecoin aims to replace fiat currencies such as the U.S. Dollar, Russian Ruble, and Iranian Rial in cross-...
Framework for Stablecoins & ICOs
A new report sheds light on the potential use of a stablecoin in Nigeria, in addition to regulations on ICOs and its national CBDC – eNaira. By the end of 2022, the Central Bank of Nigeria (CBN) intro...
A CBDC may not displace private stablecoins
The United Kingdom has made it clear that it remains dedicated to becoming a world leader in the cryptocurrency industry, and that stablecoins would receive immediate attention. Economic Secretary An...
Brazilians Turn to Stablecoins as Alternative to US Dollar for Hedge Against Volatility – News Bitcoin News
Brazilians are turning to stablecoins as a way of shielding themselves from the volatility of economic circumstances. This is happening now in the wake of the inauguration of the new government of Lui...