Tag: Stablecoins
Stablecoins will remain ‘indispensable’ in Argentina under new president — Ripio CEO
President-elect of Argentina Javier Milei ran on a promise of economic change. The shape of the transformation will only become known after his inaugu [...]
MAS’ Ravi Menon Calls Cryptocurrencies a Failure, Backs CBDCs and Stablecoins
Menon mentioned how Project Guardian, led by MAS and industry partners, is tokenizing foreign exchange, bonds, and funds to enhance global liquidity, [...]
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
The in-principle approval for a new Paxos Digital Singapore Pte. Ltd. entity from the Monetary Authority of Singapore allows the firm to offer its ser [...]
Crypto Market Sees Net Capital Inflow for First Time in 17 Months
The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market.
www.coindesk.c [...]
Can Stablecoins Get Past Their Instability?
Stablecoins, cryptocurrencies designed to hold a stable value through a peg to an underlying asset, such as the U.S. dollar, have gained popularity fo [...]
Stablecoins ‘not a safe store of value’: BIS
The Bank of International Settlements (BIS), a coalition of the world's central banks, criticized stablecoins as being "not a safe store of value" in [...]
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for In [...]
UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says
The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative [...]
U.S. Federal Reserve’s Barr Holds Line on Central Bank Needing Stablecoin Powers
The U.S. Federal Reserve needs to regulate and enforce the law against stablecoin issuers, said Federal Reserve Vice Chairman for Supervision Michael [...]
Bank of England Publishes Plans to Regulate Systemic Stablecoins
The Bank of England will be regulating these systemic stablecoins and their issuers. The Financial Conduct Authority (FCA) will oversee the crypto sec [...]
Circle Curbs Stablecoin Minting for Retail Users, Moving Closer to Tether's Practice
USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting q [...]
Stablecoin Drawbacks in Cross-Border Use Outweigh Benefits, Payments Standard-Setter CPMI Says
The Committee on Payment and Market Infrastructures (CPMI), which sets norms for the sector for the Bank for International Settlements, said stablecoi [...]
UK publishes plans for stablecoins regulation
The United Kingdom government presented an update on its plans to regulate fiat-backed stablecoins. The document, published on Oct. 30, aims to facili [...]
Deutsche Bank Trials a SWIFT Alternative for Stablecoins
Deutsche Bank and Standard Chartered’s SC Ventures are testing a system that will allow blockchain-based transactions, stablecoins, and central bank d [...]
Deutsche Bank and Standard Chartered Ventures Test SWIFT Killer for Stablecoins and CBDCs
The UDPN’s transaction nodes are where the magic happens, being connected to currency systems and currency pools,” Schacher said in an interview. “The [...]