Tag: Stablecoin
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 [...]
Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan
Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said.
www.coindesk.com [...]
Stablecoin issuers have spent over $1.3M lobbying Congress since 2022
Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2 [...]
US House stablecoin hearing focuses on competing bills for regulation
State versus federal regulation was a key issue in the hearing on stablecoins in the United States House of Representatives on May 18. The House Commi [...]
U.S. Hearing Highlights Stablecoin Rift in Competing House Bills
U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despi [...]
USDC Stablecoin Issuer Circle Moves $8.7B to Repo Agreements Amid Risk of U.S. Default
Overnight repo transactions are effectively short-term collateralized loans. The borrower is selling a security – in this case, U.S. Treasurys – for c [...]
USDT Issuer Tether Says It Will Buy BTC with Realized Profits for Bolstering Stablecoin Reserves
The company said it will exclusively utilize realized profits from its investment operations for buying BTC, disregarding unrealized capital gains. It [...]
House Democrats Consider New Stablecoin Bill Proposal: Source
House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee [...]