Tag: Fiatbacked
HKMA, FSTB Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
The jurisdiction's central bank, the Hong Kong Monetary Authority (HKMA), and the Financial Services and the Treasury Bureau (FSTB) are seeking feedba [...]
Fiat-backed stablecoins could be used to post bail in New York under proposed bill
A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds. The partisa [...]
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market — causing losses in the millions, damag [...]
What is USD Coin (USDC), fiat-backed stablecoin explained
USDC offers instant payments, saves users from the cryptocurrency market’s price volatility and is audited by a regulated auditing firm, ma [...]
Fiat-backed crypto booming amid uncertainty
Regardless of this yr’s uncertainty that has plagued the worldwide economic system, 2020 will go down because the yr of the stablecoins as a result [...]
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