Tag: Stablecoins
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 [...]
How Japan Is Leading the Race to Regulate Stablecoins
At the same time, stablecoins’ prominence in the crypto industry has led to widespread concerns about their so-called stability. In May of 2022, the a [...]
Despite U.S. House Gridlock, Senator Gillibrand Bullish on Stablecoin Bill, Illicit Finance Legislation
"As mainstream finance moves into this space, I think people in Congress are going to see we can't have our head in the sand anymore," Lummis said at [...]
Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin
Bitcoin layer-2 infrastructure firm Lightning Labs has released the mainnet alpha of Taproot Assets, a protocol aimed at enabling stablecoins and real [...]
Binance US asks users to convert USD into stablecoins for withdrawals
Cryptocurrency exchange Binance.US has updated its terms of service, hinting that direct withdrawals in the U.S. dollar are no longer supported on the [...]
How CBDCs and stablecoins can coexist: FIS panel discussion
At the recent Future Innovation Summit event held in Dubai, Cointelegraph moderated a panel titled “Stablecoins, Central Bank Digital Currencies and C [...]
Trader swaps 131k stablecoins for $0 during USDR depeg
During yesterday's real-estate-backed U.S. dollar stablecoin Real USD (USDR) crisis, a trader appears to have swapped 131,350 USDR for 0 USD Coin (USD [...]
USDR Issuer to Salvage Failed Property-Backed Stablecoin’s Assets, ‘Make Users Whole’
A high-profile failure in crypto’s burgeoning “real-world assets” niche may take an upward turn.
www.coindesk.com [...]
Stablecoins: Roman Coins or Spanish Doubloons for the Modern Era
Borderless by design, these modern digital tokens can make cross-border commerce much cheaper and easier.
www.coindesk.com [...]
First Mover Americas: Circle Argues Stablecoins Aren’t Securities in Response to SEC’s Binance Lawsuit
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 29, 2023. First Mover is CoinDesk’s daily newsletter that contextualiz [...]
Circle weighs in on SEC vs. Binance case, argues stablecoins are not securities
In a court filing, Circle argued that assets that are pegged to the U.S. dollar, like the Binance USD (BUSD) or its own stablecoin USDC, are not secur [...]
Circle Intervenes in Binance’s SEC Case, Argues Stablecoins BUSD and USDC Aren’t Securities
“Payment stablecoins, on their own, do not have the essential features of an investment contract,” meaning they fall outside of SEC jurisdiction, Circ [...]
US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’
The Federal Reserve Banks of Boston and New York published a staff report on Sep. 26 comparing stablecoins, such as USDT and USDC, to money market fun [...]