Tag: Stablecoins
Stablecoins Can Help Fix the Current Lending Market
The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kin [...]
HKMA, FSTB Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
The jurisdiction's central bank, the Hong Kong Monetary Authority (HKMA), and the Financial Services and the Treasury Bureau (FSTB) are seeking feedba [...]
A Critical Juncture for the Global Stablecoin Market
Elsewhere, the G-20 discussions earlier in the year revealed a split in perspectives, especially among emerging economies, over concerns about the dis [...]
Circle, Issuer of USDC, EURC Stablecoins, Secures Conditional DASP Registration From AMF
To lift the conditions associated with the registration and start operating in France, the company needs an electronic money institution license, whic [...]
S&P’s Stablecoin Report Is a Vote of Confidence for Crypto
That said, of the eight stablecoins S&P reviewed, several received lackluster scores. Most notably Tether’s USDT, the largest stablecoin by market [...]
Basel Committee Proposes Changes to Criteria Giving Stablecoins Preferential Risk Treatment Among Crypto Assets
However, cryptos with "effective stabilization mechanisms" qualify for "preferential Group 1b regulatory treatment." This means stablecoins can be sub [...]
The Tether Killer? A True Stablecoin Would Enhance Banking and Crypto
The serious, potentially fatal flaw with a stablecoin like Tether is the potential for a “run on the bank.” Any stablecoin that invests in anything ot [...]
Basel Committee Seeks to Consult on Stablecoins Risk Treatment
The initial December report separated its criteria for the treatment of crypto into two groups. Group one cryptos would meet the full set of classific [...]
EUR Coinvertible (EURCV), Backed by Societe Generale Forge, Starts Trading on Bitstamp
The listing on Luxembourg-based Bitstamp extends its access to retail traders and marks the first occasion a euro stablecoin issued by a fully regulat [...]
Fresh Money Flows to Crypto as Stablecoin Market Expands After 1.5 Years Downtrend
Tether's USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
www.coindesk.com [...]
Market Maker Flowdesk Picked for New Euro-Based Stablecoin EUR CoinVertible (EURCV)
“Looking ahead as we approach 2024, we envision a transformative impact where compliant blockchain-based operations by institutions will drastically i [...]
ByBit sees BTC, ETH ‘flight’ of institutional investors to stablecoins
The cryptocurrency exchange ByBit released its 4th quarter report on Dec. 4, highlighting and comparing trends between its institutional and retail in [...]
Paolo Ardoino: The Hardest Working Man in Crypto
The newly promoted CEO of Tether is looking to diversify the firm's investments, after a banner year where the stablecoin giant is on track to profit [...]
Paxos receives in-principle approval to issue stablecoins in Abu Dhabi
Crypto firm Paxos has secured in-principle approval from Abu Dhabi’s regulator on two fronts: to issue stablecoins and conduct digital asset services. [...]
Stablecoins Such as Tether May Be in U.S. Sights, Top U.S. Treasury Official Warns
Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists.
www.coindesk.com [...]