Tag: Stablecoin
Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill: Politico
In his closed-door meeting on Tuesday with Democrats from the House Financial Services Committee, he's reported to have said that he's glad that negot [...]
Argentina’s Broken Currency Prompts USDT and USDC Purchases
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UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.
www.coindesk.com [...]
Cryptodollar Minting Protocol M^0 Will Allow Institutions to Issue T-Bill-Backed Stablecoins
But these firms are simply creating more and more of their products shipped on-chain, said M^0 Labs CEO Luca Prosperi, who believes a centralized part [...]
Treasury Secretary Janet Yellen Says U.S. Needs Better Stablecoin Regulation
Yellen also addressed the U.S. Securities and Exchange Commission's proposal to further restrict how investment firms custody their client's assets, i [...]
Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says
Other stablecoins such as USD Coin may benefit from the coming regulatory crackdown and gain market share, the report said.
www.coindesk.com [...]
MIM Stablecoin Suffers Flash Crash Amid $6.5M Exploit
The stablecoin issued by decentralized platform Abracadabra.money {MIM}, suffered a flash crash to $0.76 after reports emerged of a $6.5 million explo [...]
Solana Delivers ‘Token Extensions’ to Attract Compliance-Minded Token Developers
No matter the name, this service means to enhance compliance controls for businesses building tokens on Solana, according to the Solana Foundation. To [...]
Cantor Fitzgerald’s Howard Lutnick Addresses Questions Around Tether’s Stablecoin Assets: ‘They Have the Money’
When asked about a more prominent topic in crypto news currently – the approval and listing of over a dozen spot bitcoin exchange-traded funds (ETFs) [...]
Bitcoin (BTC), Stablecoins and CBDCs Could Erode and Reinforce U.S. Dollar Dominance: Morgan Stanley
The dominance of the U.S. dollar as the linchpin of the international financial system is being increasingly questioned due to shifting geopolitical c [...]
TrueUSD Stablecoin (TUSD) Loses $1 Peg Amid Binance’s FDUSD Focus: Analyst
The spike in FDUSD volume, coinciding with TUSD's de-pegging, suggests a transfer to FDUSD for participating in the FDUSD launch pool and joining the [...]
UN Alleges Major Tether Role in Illicit Activity in East Asia, Stablecoin Issuer Hits Back
The report by the UN Office on Drugs and Crime (UNODC) said that “Online gambling platforms, and especially those that are operating illegally, have e [...]
Chainlink (LINK) Teams Up With Circle to Allow Cross-Chain Stablecoin Transfers
“We’re excited to support the adoption of stablecoins across a variety of cross-chain use cases. I’m pleased to see that the defense-in-depth security [...]
Industry Input ‘Really Important’ to Stablecoin Rulemaking Under MiCA, EU Banking Officials Say
“We pay high attention to this batch and need also a very good understanding with you, so please seize this public hearing as an opportunity to dialog [...]
Aave Community Votes To Integrate PayPal’s PYUSD Stablecoin
In an ongoing governance vote, 99.98% of the participating AAVE token holders favor integrating PYUSD into AAVE's Ethereum-based pool. The voting on t [...]