As one of the world’s pioneers in adopting its own central bank digital currency (CBDC), Nigeria also declares its readiness to accept the existence of private stablecoins. The necessity to create a l...
Tag: Stablecoins
Ondo Finance launches three tokenized U.S. Treasuries and bonds
Ondo Finance, a DeFi firm offering decentralized investment opportunities, has launched tokenized versions of U.S. treasuries and bonds. These tokenized products let stablecoin holders invest i...
What happens to Tether, stablecoins in the event of dollar collapse?
Over the past decade, private cryptocurrencies have emerged as the latest iteration of money. This is especially true for stablecoins, which Harvard Business Review deemed “a private form of money,” o...
New Nigerian Central Bank Document Discusses Regulation of Stablecoins and ICOs – Bitcoin News
According to a recently unveiled document, the Nigerian central bank will in the future be open to developing a regulatory framework for potential implementations of stablecoins. The document also dis...
Justin Sun’s stablecoins are melting
Both of Justin Sun’s stablecoins, one of which Protos has previously reported on, are struggling to maintain their promised $1.00 peg. At the time of writing, USDD is hovering around $0.97, and USDJ i...
Algorithmic Stablecoins and Bitcoin in the same category: Japan’s FSA
In the third leg of Japan’s legal reforms, algorithmic stable coins will be in the same category as Bitcoin. The issuer will now be licensed, deem them banks, trust companies, or fund transfer servic...
Justin Sun Moves $100M in Stablecoins to Huobi Amid Rush of Withdrawals
Crypto mogul and Tron founder Justin Sun today moved $100 million of his stablecoins to his crypto exchange Huobi after news dropped that it was cutting staff. According to blockchain data from Nanse...
Justin Sun Transfers $100M Stablecoins to Huobi Amid Large Withdrawals
2 hours ago | 2 mins read Exchange News The funds transferred were held in USDT and USDC. Nansen reported that the last 24 hours accounted for $60.9 million. After hearing that the crypto exchange Huo...
Crypto Influencer Analyzes Circulating Stablecoins To Assess Chains
Twitter influencer Dynamo DeFi tweeted that circulating stablecoins is the best metric to study chains. Stablecoins cut out reflexivity, wash trading, and other corrupt metrics. According to DefiLlama...
$100 million in stablecoins transferred to Huobi by Justin Sun
Recently, Justin Sun, the founder of Tron, made headlines when a wallet connected to him transferred $100 million worth of stablecoins to the cryptocurrency exchange Huobi. In an article posted by Th...
Wallet associated with Justin Sun moves $100 million to Huobi
A wallet associated with Tron founder Justin Sun moved $100 million of stablecoins to crypto exchange Huobi. Two transactions took place at 11:10 a.m. UTC, moving $50 million each of USDC and USDT, as...
Celsius Network’s Stablecoins Face Liquidation To Cover Bankruptcy Costs
Judge Martin Glenn, the chief United States Bankruptcy Judge in the Southern District of New York, has ruled that ownership of the assets in the Celsius Network’s Earn Accounts belongs to debtors. As ...
Top Stablecoins to Watch in 2023
Stablecoins or cryptocurrencies with rates pegged to fiat currencies should be considered as pivotal elements of the global digital assets ecosystem. For some use cases, they can easily replace tradit...
A guide to Stablecoins. – The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
Cryptocurrencies are highly volatile; they can go up and down by a huge margin, mostly without any warning. This could be a reasonable stablecoin that was created, as they do not change their value co...
India is looking at regulating or prohibiting unbanked crypto, DeFi, and stablecoins
The Reserve Bank of India (RBI) is making concerted efforts at the global level to devise a common means of regulating or prohibiting unbanked crypto assets, DeFi tokens, and stablecoins, details from...
Brazilians using stablecoins to hedge against inflation
Brazilians are increasingly turning to stablecoins as their local currency, Brazil Real (BRL), slides against the USD due to rising inflation. Brazilians adopting stablecoins Recent market data shows ...
Brazilians are turning to stablecoins to protect savings from inflation
According to recent market data, 50% of the Brazilian Real (BRL) volumes involve a stablecoin. For anyone needing a positive note to end the year on in crypto, look at its usage in developing economi...
Japan Mulls Reversing Ban on Foreign-Issued Stablecoins: Report
Japan’s Financial Services Agency (FSA) has announced a draft system and guidelines for the circulation of stablecoins whose value is tied to legal currencies such as the U.S. dollar, according to a N...
DeFi trader Mercurial rebrands to distance itself from FTX collapse
Stablecoin DEX Mercurial is rebranding to Meteora in an attempt to distance itself from FTX. Mercurial, which provides liquidity for major stable and pegged assets on Solana, said it will repla...
More Than $19 Billion in BTC, ETH, Stablecoins Left Exchanges Since the Onset of FTX’s Collapse – Bitcoin News
For more than 50 days or since Nov. 5, 2022, bitcoin, ethereum, and stablecoin owners removed roughly $19.19 billion in crypto assets from centralized exchanges. Between Nov. 5 to Dec. 26, roughly 356...
Japanese Regulators May Reverse Ban on Foreign Stablecoins: Report
Japan became one of the first big countries to establish a legal framework for stablecoins in June. Six months later, it is taking yet another crucial step to tweak the existing ban as the Financial S...
Why USDT Is Plunging While Other Stablecoins Are Not
Stablecoin adoption has grown immensely, observed especially following the collapse of Terra. USDC and USDT have seen sizeable growth, but USDT has a lot of keeping up to do with its value plunging as...
Japan to lift its ban on foreign stablecoins in 2023
Japan’s Financial Services Agency (FSA) is set to lift the ban on foreign-issued stablecoins in 2023. The newly revised stablecoin act aims to regulate all virtual currencies and limit their issuance ...
Japan Reportedly Plans To Allow Foreign Stablecoins Next Year
Altcoin News The authority began soliciting public opinion on potential solutions. Local officials have expressed warnings about the dangers of using algorithmic stablecoins. Japanese authorities are ...
Japan Set to Lift Ban on Foreign Stablecoins in 2023
Japanese regulators are reconsidering lifting the ban on cryptocurrency restrictions related to foreign stablecoins such as Tether (USDT) and USD Coin (USDC) in 2023 according to reports by local news...
Japan’s FSA set to lift the ban on foreign stablecoins in 2023
Stablecoins have been a contentious topic for the better part of 2022. However, Japan has taken a stand that could change the tide of this narrative. Japanese regulators are reviewing certain signific...
From FTX to the Merge, 2022’s defining moments
2022 was defining for crypto, albeit not in a good way. Greed and exuberance took hold only to unravel in spectacular fashion. The year started with attention on the timing of The Merge, which b...
Japan to lift ban on foreign-issued stablecoins in 2023
Japan’s Financial Service Agency (FSA) will lift the ban on the local distribution of foreign stablecoins like USD Coin (USDC) in 2023, Nikkei reported on Dec. 26. According to the report, internation...
Japan to lift the ban on foreign stablecoins like USDT in 2023: Report
Japanese regulators are reconsidering some major cryptocurrency restrictions related to the use of stablecoins like Tether (USDT) or USD Coin (USDC). The Financial Services Agency (FSA) of Japan will ...
Stablecoin Dominance Retreats From November Record High
Stablecoin dominance is retracing slightly after reaching record highs as FTX went bust last month. A collection of more than 30 value-pegged tokens, led by Tether’s USDT and Circle’s USDC, were altog...
Adoption grows as more than $7T settled with stablecoins in 2022
The ongoing bear market did little to curb the rising use of stablecoins. On the contrary, dollar-pegged coins like USDT and USDC saw a parabolic growth in market cap this year, becoming a defacto set...
US Senator Introduces Bill to Regulate Payment Stablecoins – Coinotizia
A U.S. senator has introduced a bill to “establish the first federal regulatory framework for payment stablecoins.” The lawmaker explained: “This bill will also ensure the Federal Reserve, which has d...