2021-2-19 10:25 |
The Rai Reflex Index, a product of Reflexer Labs, was launched on Feb. 17 after a year of research and development. According to the announcement, RAI is an Ethereum-backed, non-pegged stable asset.
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Meta’s former stablecoin project, Diem, which initially launched as Libra in 2019, ended after facing significant political and regulatory obstacles in the US, according to Diem’s co-founder, David Marcus.
As part of its efforts to keep up with changes in the financial world, the Brazil Central Bank (BCB) wants new rules on virtual currencies, especially stablecoins. The Central Bank said in a press release on November 29 that there would be a public consultation notice with a plan on how to regulate virtual asset […]
Ripple Lab’s new stablecoin Ripple USD (RLUSD) is set to receive approval from the New York Department of Financial Services (NYDFS) and may be ready for launch by Dec. 4, Fox Business reported citing people familiar with the matter.
The Central Bank of Brazil (BCB) has unveiled a regulatory proposal prohibiting centralized exchanges from allowing users to withdraw stablecoins to self-custodial wallets. According to the public consultation notice, the transfer of stablecoins — called “tokens denominated in foreign currencies” — between residents would be restricted in cases where Brazilian law already allows payments in […] The post Brazil eyes prohibition on stablecoin withdrawals to self-custody wallets appeared first on CryptoSlate.
Bitcoin and Ethereum are on track to post their most significant monthly gains since February, fueled by market optimism following Donald Trump’s election win. Data from CoinGlass highlights November as one of Bitcoin’s strongest months this year.
The global stablecoin market capitalization reached an unprecedented $190 billion in November, surpassing the previous all-time high of $188 billion set in April 2022, according to a recent CCData report.
Despite its best efforts, Tron's TVL remained lower than Ethereum’s. ETH also remained far ahead of TRX in certain metrics. After a two-year battle for supremacy, Ethereum [ETH] has officiThe post Ethereum beats Tron in Tether market share: What drove this change? appeared first on AMBCrypto.