Tag: Stablecoin
New U.S. Stablecoin Bill Drafted by House Republicans as Compromise With Democrats
The panel’s chairman, Rep. Patrick McHenry (R-N.C.), has considered stablecoin legislation a priority since last year, before he took over the committ [...]
Circle Rolls Out Support for $USDC Stablecoin on Arbitrum $ARB
Businesses that have an account with Circle can now access Arbitrum USDC and “readily swap USDC across supported chains - avoiding the costs and delay [...]
Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20
Global leaders appear to have reached a consensus on setting up universal rules and standards for most aspects of the crypto sector save for the treat [...]
Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet
Aave Companies proposed two key features for the decentralized stablecoin in a governance post on Tuesday.
www.coindesk.com [...]
New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing
While the biggest stablecoins, Tether’s USDT and Circle Internet Financial’s USDC, are backed by conventional assets like U.S. Treasurys, those backed [...]
Tether Market Cap Climbs to All-Time High of $83.2B, Even as Stablecoin Market Sinks
USDT has reached a $83.2 billion market capitalization, recovering all its losses since the implosion of blockchain project Terra more than a year ago [...]
Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin
First Digital Group, a Hong Kong-based qualified custodian and trust company, announced the launch of its First Digital USD (FDUSD) United States doll [...]
MakerDAO Votes to Ditch $500 Million USDP From DAI Stablecoin Reserve
“While Paxos has raised the possibility of a marketing fee scheme, to date there has not been concrete progress towards implementing this,” per the pr [...]
First Digital Unveils FDUSD Stablecoin as Hong Kong Crypto Rules Kick In
“The launch of this stablecoin represents a major stride forward in our mission to provide a secure and efficient digital currency that can be seamles [...]
USDC Issuer Circle Has Ditched All U.S. Treasuries From Stablecoin Reserve Fund Amid Debt Ceiling Showdown
This is a significant change since the end of April, when the fund held more than $30 billion in U.S. Treasury bonds, according to Circle’s monthly at [...]
CNHC stablecoin issuer detained by Chinese police: Report
The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issue [...]
There's Now a Dollar-Backed Stablecoin on Bitcoin Using Ordinals … – ForexTV.com
There's Now a Dollar-Backed Stablecoin on Bitcoin Using Ordinals ... ForexTV.com
forextv.com [...]
Stablecoin Issuer Lybra Finance Nears $100M in TVL
Lybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin.
www.coindesk.com [...]
Stablecoin Issuer Stably Creates Dollar-Backed Token for Bitcoin Ordinals
The company’s first bitcoin-linked stablecoin will have to fare better than its other stablecoin products if it wants to succeed in the long term. Sta [...]
Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto BTC Prices
“Stablecoins are the liquidity of the crypto ecosystem. The more liquidity, the more ability for investment and speculation,” Tom Dunleavy, macro anal [...]