Tag: Stablecoin
China could benefit from yuan stablecoin over its CBDC — Circle CEO
Although China has closed its doors to decentralized cryptocurrencies, Circle CEO Jeremy Allaire believes that stablecoins could play a role in the pr [...]
Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum
Aave is a lending and borrowing platform that allows users to earn yields on their pledged tokens. The gho token can be minted by users against a dive [...]
MiCA’s stablecoin transaction cap stifles crypto adoption, say lawyers
Stablecoin use could be "stifled" by daily transaction caps in the European Union's Markets in Crypto-Assets (MiCA) legislation, with some calling for [...]
Circle Considers Issuing Stablecoin in Japan Under New Rules
Stablecoin issuers will have to abide by tough rules. Stablecoins must be pegged to the yen or other legal tender and guarantee holders the right to r [...]
Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin
Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to the country’s dollar which [...]
UK Crypto, Stablecoin Rules Receive Royal Assent, Passing Into Law
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Italy’s central bank calls for framework to prevent stablecoin runs
Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenar [...]
RBI lists risks of stablecoin for developing economies, calls for global regulation
Stablecoin has a lot of potential to harm emerging markets and developing economies, the Reserve Bank of India (RBI) claimed in its latest Financial S [...]
TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says
The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.
www.coindesk.com [...]
TUSD Stablecoin Has ‘No Exposure’ to Embattled Prime Trust
That volatility has rocked usually quiet loan markets for TUSD, especially on Aave v-2, the largest on-chain lending facility for TUSD. At press time, [...]
Raft’s R Stablecoin Surges as Traders Embrace Liquid Staking Ether Products
The surge in Raft, an alternative stablecoin issuer, highlights the booming market for liquid staking tokens, which enable users to main liquidity, de [...]
Fed sees stablecoin as form of money, wants ‘robust’ role in its oversight, Powell says
United States Federal Reserve Board sees payment stablecoin as a form of money, chair Jerome Powell said during questioning at the House of Representa [...]
USDC Issuer Circle Restarts U.S. Treasury Purchases in BlackRock-Managed Stablecoin Reserve Fund
As of June 20, Circle added $2.2 billion of T-bills to the fund, while repos constituted some 90% of the fund’s $24.7 billion in assets, according to [...]
Crypto Lender MakerDAO Boosts U.S. Treasury Holdings With $700M Purchase to Strengthen DAI Stablecoin Backing
The platform is undergoing a restructuring that includes breaking up its structure into smaller, autonomous units called SubDAOs and investing in yiel [...]
Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials
The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments w [...]