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...
Tag: Stablecoins
Lame Duck Senator Leaves Stablecoin Bill Legacy
Retiring Sen. Pat Toomey’s stablecoin bill, which seeks to establish significant regulatory guardrails for the crypto industry, hit the Senate floor Wednesday — eight months after the draft proposal w...
Crypto-Fan Senator Promotes Stablecoins On Last Days In Office
Join Our Telegram channel to stay up to date on breaking news coverage US Senator Pat Toomey introduced a digital assets bill during his last days in office. The bill will guide the incoming lawmakers...
Waves Founder Says Network Is ‘100% Healthy,’ Asks Exchanges To Disable Futures Markets
Waves founder Sasha Ivanov wants centralized exchanges to disable futures markets for the decentralized blockchain’s native token. Ivanov took to Twitter to ask several centralized exchanges inc...
Crypto Primer: What Are Stablecoins?
As you’re delving deeper into the world of cryptocurrencies and crypto investments, you are likely to stumble upon a term called ‘stablecoins’. But what does it really mean and are there some good exa...
Staggering $3,200,000,000 in Stablecoins Exit Crypto Exchange Binance in 30 Days: Analytics Firm Glassnode
Leading analytics firm Glassnode says billions of dollars worth of stablecoins are being withdrawn from top crypto exchange Binance. Glassnode says that Binance has witnessed $3.2 billion in combined ...
Crypto addresses depositing stablecoins reached new all-time-high (ATH)
According to the blockchain analytics firm CryptoQuant, coin addresses depositing stablecoins on derivative exchanges hit a new all-time high (ATH). This spike comes as the U.S. consumer price index (...
Can Stablecoins Revolutionize Foreign Aid? The UN Thinks So.
If only stablecoins had been around in the late aughts. The likes of USDC and USDT would have provided a viable — and, potentially, game-changing — alternative for cash aid disbursements in Iraq and A...
Stablecoins Flow Into Spot Exchanges, Fuel For Christmas Bitcoin Rally?
On-chain data shows the number of stablecoin transactions going into spot exchanges have risen recently, something that could help fuel a Christmas Bitcoin rally. Stablecoin Deposits To Spot Exchanges...
International banking regulatory body backtracks on stablecoins
A Switzerland-based organization that sets international banking standards released new proposed guidance for banks to manage exposure to digital assets that retracts previous draft rules for stableco...
Whales Are Accumulating Stablecoins? What Does This Mean for Bitcoin and Altcoin Prices?
This morning, the leading cryptocurrencies are trading in the negative after seeing a short bullish run yesterday and the day before. Additionally, the overall cryptocurrency market is experiencing in...
Researchers use zero-knowledge to address privacy, AML concerns in stablecoins
Researchers from German crypto blockchain-based payments fintech etonec and other organizations have proposed using zero-knowledge proofs to ensure regulatory compliance and privacy in stablecoins. Th...
Stablecoins worth $4B exited exchanges in last 7 days
Data analyzed by CryptoSlate analysts revealed that around $4 billion worth of stablecoins left the exchanges over the past seven days, leaving a volume of $38 billion. This analysis is based on the S...
Reasons Behind Stablecoins Losing Their Peg
Contents Why does this happen? Mismanagement also contributes to stablecoin’s downfall This year has been one of the toughest for the cryptocurrency market. The bears managed to hit even the sta...
Binance sees the largest outflow of stablecoins in 24 hours
Crypto exchange Binance faced the largest stablecoin (BUSD+USDT+USDC) outflows in 24 hours, amounting to $2.159 billion. Despite the recent wipeout, Nansen estimates that Binance still holds $30 billi...
Osmosis To Add Stablecoin Liquidity to Cosmos
The largest decentralized cryptocurrency exchange (DEX) on the Cosmos interchain will soon have its very own version of the Curve 3pool. Osmosis will be starting up pools to facilitate stablecoi...
Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’ – Bitcoin News
According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablec...
Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’ – Bitcoin News
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset...
US Treasury’s OCC Says Crypto’s ‘Interconnectedness’ Is a Problem
Extended dislocations in crypto markets and ensuing failures of major players should put banks on notice, according to a unit of the US Treasury. In its semiannual Risk Perspective report, the T...
Ethereum Co-Founder Revealed Future Plans with DAO Stablecoins
Ethereum co-founder, Vitalik Buterin expressed his excitement about the Ethereum application ecosystem. He shared a blog post on December 5th, 2022 and detailed the same. As a part of their future pla...
Japan FSA To Categorize Algorithmic Stablecoins Similar to Bitcoin
Japan’s financial regulator, the Financial Services Authority (FSA), plans to categorize algorithmic stablecoins in the same bracket as Bitcoin. Stablecoin issuers will also need licenses that deem it...
Japanese regulators recommend against algorithmic stablecoins in late response to UST
Japanese regulators advise against the adoption of algorithmic stablecoins in what appears to be a late response to the fall of TerraUSD (UST). Japanese financial regulator Financial Service Agency (F...
Japan recommends against algorithmic backing in stablecoins
After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a reco...
The impact of CBDCs on stablecoins with Bitget’s Gracy Chen
For over 14 years, central banks worldwide have seen blockchain technology deliver highly secure, immutable, verifiable and transparent financial ecosystems, starting with the Bitcoin network. Central...
Celsius team awaits judge’s approval to sell stablecoins
The Celcius team has been discussing their motion to request authorization to sell stablecoin in court this morning. According to the most recent reports, the motion is intended to provide liquidity f...
Rapid Insights: Curve’s Stablecoin Protocol
December 6, 2022, 9:20AM EST • 4 min read Quick take Curve initially gained popularity as an exchange for similarly priced assets, but has since expanded to other DeFi products. Recently, Curve rele...
Circle To Stay Private for Now as Rivals Gain Market Share
As Circle reevaluates its plans to go public, USD Coin has been quietly losing stablecoin market share to competitors Tether and Binance USD over the past six months. Circle currently holds about 31%...
Analyzing the current state of Ethereum, DeFi, stablecoins, NFTs post-FTX fallout
Price drawdown from ATH 2022 approaches year-end; it has been a historical year for all asset classes due to the rapid tightening of monetary policy worldwide and the strength of the U.S. dollar. It h...
Cardano’s Hoskinson Praises Algorithmic Stablecoins, Touts Them As The Gold Standard Of The Digital Age ⋆ ZyCrypto
Advertisement     Charles Hoskinson believes that algorithmic stablecoins are the way to go and that they have the ability to undermine the monopoly of government-issu...
The Investor’s Guide to Stablecoins
What are stablecoins? Stablecoins are a type of cryptocurrency intended to maintain price stability through a variety of mechanisms — including pegging it to other assets such as currencies, commoditi...