Tag: Stablecoin

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UST Stablecoin Demand, DeFi Incentives Drive Terra’s LUNA to New All-Time High

UST Stablecoin Demand, DeFi Incentives Drive Terra’s LUNA to New All-Time High

MarketsFollowing a network upgrade in October, it’s the second time this month LUNA has logged record highs.By Muyao ShenNov 30, 2021 at 4:42 p.m. [...]
Hedera and Korea’s Shinhan Bank partner on KRW stablecoin pilot

Hedera and Korea’s Shinhan Bank partner on KRW stablecoin pilot

South Korea’s Shinhan Bank and Hedera Hashgraph (HBAR) have completed a proof of concept that is designed to conduct international remittances usin [...]
Stablecoin issuers poised to be banks of the future on road to adoption

Stablecoin issuers poised to be banks of the future on road to adoption

There is no denying the fact that the crypto market has grown from strength to strength over the course of 2021, as is best highlighted by the tota [...]
Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information r [...]
Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip

Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip

Tether (USDT), the world’s largest stablecoin by market value, has turned volatile on Indian exchanges amid renewed regulatory uncertainty. And sav [...]
Bank of America Sees Stablecoin Regulation as Catalyst to Mass Adoption

Bank of America Sees Stablecoin Regulation as Catalyst to Mass Adoption

The publication of the Treasury report, Report on Stablecoin (RoS), earlier this month is an “indication of urgency” for the regulation of stableco [...]
Circle to invest in Japanese yen stablecoin as part of expansion to Asia

Circle to invest in Japanese yen stablecoin as part of expansion to Asia

Circle, the United States-based issuer of USD Coin (USDC), has set its sights on thriving Asian crypto markets. In a move to strengthen its presenc [...]
The stablecoin boom won’t continue without decentralized interoperability

The stablecoin boom won’t continue without decentralized interoperability

Stablecoins are the cornerstone of the digital asset marketplace with a market cap of over $100 billion. Governments are already putting considerab [...]
USDC issuer Circle supports proposal to regulate stablecoin issuers as banks

USDC issuer Circle supports proposal to regulate stablecoin issuers as banks

Issuers of stablecoins like Tether (USDT) and USD Coin (USDC) may soon be required to work under the same regulations as banks, but that seemingly [...]
Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America

Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America

One under the radar cryptocurrency-powered payment app that's been gaining traction across Latin America is Reserve. The platform acts as a conveni [...]
MakerDAO’s Christensen Turns Optimistic After US Stablecoin Report

MakerDAO’s Christensen Turns Optimistic After US Stablecoin Report

MakerDAO founder Rune Christensen seems to have changed his mind about the future of stablecoin regulation in the United States after the Biden adm [...]
Circle’s New VC Fund Backs $4.4M Round for Japanese Yen-Pegged Stablecoin Issuer

Circle’s New VC Fund Backs $4.4M Round for Japanese Yen-Pegged Stablecoin Issuer

JPYC, the issuer of a Japanese yen-pegged stablecoin, has raised ¥500 million (about $4.43 million) in a Series A round led by Headline Asia with p [...]
Banking Industry Likely to Capitalize on Stablecoin Deposit Demand, Says Morgan Stanley

Banking Industry Likely to Capitalize on Stablecoin Deposit Demand, Says Morgan Stanley

The banking industry will most likely try and capitalize on the demand for stablecoin deposits on the back of the market’s exponential growth, Morg [...]
US Stablecoin Report Gets Mixed Reviews From Crypto Industry

US Stablecoin Report Gets Mixed Reviews From Crypto Industry

“This is huge progress in the acceptance of stablecoins and provides a path for their adoption,” Allaire said in an emailed statement. Tether, the [...]
Hawkish Fed comments and fears of stablecoin regulation spark market sell-off

Hawkish Fed comments and fears of stablecoin regulation spark market sell-off

The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from U.S. Federal Reserve Chairman Jerome Powell conf [...]
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