Tag: Stablecoin
Wyoming seeks stable token commission head in first steps to establish state stablecoin
Wyoming is beginning its work on the state’s stablecoin, or, as it’s called officially, the “stable token” project, by opening a job position for a he [...]
EU Stablecoin Issuers With Bank Assets in Reserve Will Get Extra Regulation, EBA Draft Says
“Financial distress at one ART [asset-referenced token] or EMT [e-money token] issuer can materially increase the likelihood of distress at other issu [...]
Korean banks research stablecoin, CBDC alternative
Several private banks in South Korea are studying the potential of tokenized deposit technology, an alternative to both private stablecoins and centra [...]
US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems
The Chairman of the House Financial Services Committee (FSC), Patrick McHenry, announced a markup of a few legislations, three aimed at providing regu [...]
Stablecoin dominance slides as market cap falls to near 2-year lows: CCData
The market capitalization of stablecoins has hit the lowest level since August 2021 coming on the back of 16 consecutive months of decline, a new repo [...]
Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly
Users can convert eUSD to peUSD, which aims to be friendlier for high-frequency traders – a term that describes a wide range of automated trading firm [...]
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank’s SCB TechX [...]
Dragonfly, Arthur Hayes Back $6M Round for New Stablecoin, Ethena
“Ethena is building the holy grail of stablecoins: a coin that is truly stable, decentralized, and capital-efficient,” said Dragonfly general partner [...]
Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity: Circle exec
The future is bright for euro-denominated stablecoins, according to Patrick Hansen, European Union strategy and policy director at Circle. The United [...]
Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted
Decentralized finance (DeFi) protocol Aave has launched its algorithmic United States-dollar pegged stablecoin GHO on the Ethereum mainnet, with $2.19 [...]
Stablecoin TrueUSD Owner Techteryx to Take Full Control of Operation
Techteryx assumed "full management full management of all offshore operations and services related to TUSD," on July 13.
www.coindesk.com [...]
It’s Time for a European Stablecoin
For a long time, this might have been a hurdle compared to other, more lax, regulatory environments. However, recent crypto crackdowns in the U.S. hav [...]
Stablecoin Issuer Circle Cuts Workers, Ends Certain ‘Non-Core’ Activities; Will Continue Hiring Globally
"To maintain our strong balance sheet, Circle is redoubling its focus on core business activities and execution,” a spokesperson for Circle told CoinD [...]
European Banking Authority calls for early adoption of stablecoin standards
In advance of required regulations that are expected in a year, the banking watchdog for the European Union asked stablecoin issuers to voluntarily fo [...]
Stablecoin Issuers Urged to Anticipate EU’s MiCA Rules by Banking Agency EBA
Issuers of e-money tokens tied to fiat currency and of asset-reference tokens linked to other products such as gold should start adhering to MiCA’s “h [...]