Non-USD stablecoins can spur adoption: Report

Cryptocurrencies, including stablecoins, still only pay for 0.2% of online commerce transactions globally, according to the report.  дальше »

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Switzerland regulator warns of rising crypto money laundering risks

Switzerland’s Financial Market Supervisory Authority (FINMA) has raised concerns about increasing money laundering risks in the crypto sector. The warning, detailed in FINMA’s 2024 Risk Monitor report, highlights the growing misuse of digital assets like cryptocurrencies and stablecoins for illicit activities. дальше »

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Switzerland’s FINMA warns of money laundering risks with crypto

Switzerland’s Financial Market Supervisory Authority has warned about the risks of money laundering associated with cryptocurrencies. In its 2024 Risk Monitor report,  the regulator noted that cryptocurrencies, including stablecoins, are increasingly used for cyberattacks, payments for illegal dark web activities,… дальше »

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LATAM crypto update: Stablecoins lead in use cases; Argentina’s SatoshiTango launches dollar deposits

Latin America’s cryptocurrency landscape is undergoing significant changes, with stablecoins emerging as the dominant digital asset class in the region. According to a recent Chainalysis report, stablecoin usage is growing rapidly as Latin Americans seek financial stability amid economic challenges. дальше »

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Real World Assets and Stablecoins: An Overview

Stabull Finance have published a report into Real World Assets. RWAs in the context of the blockchain sector, refer to tangible and intangible assets such as real estate, art, music, and commodities brought to the blockchain through tokenization. дальше »

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VanEck analyst criticizes US Treasury’s outdated stance on stablecoins

VanEck’s head of digital assets research, Matthew Sigel, criticized a recent US Treasury Department’s views on digital assets in a recent report, claiming it had an anti-stablecoin stance based on outdated academic views. дальше »

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Stablecoin issuers hold $120b in T-Bills: US Treasury

The United States Treasury reported that stablecoin adoption and crypto volatility could increase T-Bill demand as digital asset growth continues. The U.S. Treasury acknowledged a boom in blockchain use and cryptocurrency investment in its Fiscal Year 2024 Q4 report. Stablecoins,… дальше »

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Circle CEO predicts stablecoins will play major role in Hong Kong trade

CEO of Circle, Jeremy Allaire, says stablecoins will become a critical part of Hong Kong’s trade settlements as the region transitions into more Web3 territory. According to an Oct. 30 report on South China Morning Post, Jeremy Allaire said Circle(cUSDC)… дальше »

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Tokenized Treasuries Like Blackrock's BUIDL Will Challenge Stablecoins But Won't Fully Replace Them: JPMorgan

These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said. дальше »

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Stripe's Acquisition of Bridge Validates the Usage of Stablecoins: Bernstein

Stablecoins have emerged as the main use-case for blockchains, especially for cross-border payments, the report said. дальше »

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Stripe in talks to acquire stablecoin platform Bridge — report

Stablecoins pegged to the United States dollar have outpaced Bitcoin as a store of value in developing countries with runaway inflation. дальше »

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Stablecoin usage surged in Q3 as market cap hits $170b: Coinbase

The third quarter of 2024 saw a surge in stablecoin use and adoption, according to Coinbase’s 4th Quarter Guide to Crypto Markets report with Glassnode.  Stablecoins hit an all-time high market capitalization of nearly $170 billion in Q3 2024, according… дальше »

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Stablecoin usage surges in Latin America amid continued struggle with high inflation

Stablecoins like USDT have become a key financial tool in Latin America that helps citizens navigate persistent economic volatility, according to Chainalysis’ global adoption report. The region, which accounts for 9. дальше »

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Korea eyes FX rules for stablecoins used in cross-border trade: report

South Korea is planning to impose foreign exchange controls on stablecoins, underscoring the government’s concerns over their growing use in cross-border trade. South Korea is weighing the introduction of foreign exchange controls on stablecoins, reflecting government concerns over their growing… дальше »

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Coinbase Might Delist These Stablecoins, Here's Reason

Per Bloomberg report, Coinbase will delist noncompliant stablecoins in EU this December дальше »

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Robinhood And Revolut Consider Entering The $170 Million Stablecoin Market – Report

According to a Bloomberg report, crypto trading platform Robinhood and financial technology company Revolut are exploring the launch of their own stablecoins. The potential move from Robinhood and Revolut comes amid growing pressure from regulators in Europe, which could loosen the dominance of Tether, the largest stablecoin issuer in the market. Tether And Circle Prepare […] дальше »

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Robinhood, Revolut eye entry into stablecoin market — Report

Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand.

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SocGen's Crypto Unit Takes Euro Stablecoin to Solana After Flopping on Ethereum

Stablecoins are becoming systemically important to the global financial economy, Bernstein wrote in a recent report. дальше »

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Stablecoins Are Becoming Systemically Important, Bernstein Says

Stablecoin supply is back to all-time highs with $170 billion in circulation, the report said. дальше »

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Stablecoins redefine financial access in emerging markets, report finds

Stablecoins have transformed financial access in emerging markets, becoming essential tools for millions seeking stability in volatile economies, according to a recent research report. The report, Stablecoins: The Emerging Market Story, was sponsored by Visa and developed in collaboration with Allium Labs and Castle Island Ventures. дальше »

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Stablecoins Increasingly Used for Savings, Payments in Emerging Countries, but Crypto Trading Still Leads: Report

The report surveyed more than 2,500 cryptocurrency users in Brazil, Nigeria, Turkey, Indonesia and India. дальше »

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Ripple Mints Another Batch of RLUSD Stablecoins: Report

Ripple cryptocurrency giant has issued RLUSD chunk once again, no burns have been made so far дальше »

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Russia considers launching trading platforms for stablecoins on domestic stock exchanges: report

Russia is set to launch two new crypto exchanges, one in St. Petersburg and another in Moscow, with a focus on stablecoin development. As sanctions continue to impact Russia‘s financial sector, the country is now planning to establish at least… дальше »

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Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan

Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said. дальше »

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Russia’s central bank might legalize stablecoins for trades with China: report

The Bank of Russia is considering approving stablecoins for cross-border trades, as local businesses explore alternative methods to conduct trade with China amid sanctions. Russia‘s central bank, the Bank of Russia, is considering the legalization of stablecoins for cross-border transactions… дальше »

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Uphold ceases support for USDT, GUSD, TUSD due to European new law: report

Cloud-based multi-asset platform Uphold has begun notifying some of its customers about its decision to suspend support for Tether’s USDT, and Gemini’s GUSD among other stablecoins. Multi-asset trading platform Uphold will cease support for a basket of stablecoins due to… дальше »

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Coinbase’s State of Crypto report: Here’s what we learned

A staggering 86% of Fortune 500 executives believe tokenization could be valuable for their companies — and The State of Crypto report says they’re bullish on stablecoins too. Coinbase’s latest The State of Crypto report has landed — and as… дальше »

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MiCA could propel euro-backed stablecoins in the Eurozone: Kaiko report

MiCA's upcoming standards are set to reshape the stablecoin market, with Euro-backed options gaining traction in Europe. The post MiCA could propel euro-backed stablecoins in the Eurozone: Kaiko report appeared first on Crypto Briefing. дальше »

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U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said. дальше »

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Tether slams Deutsche Bank report questioning USDT stability and solvency

Tether, the largest stablecoin in the world, has slammed a recent Deutsche Bank report that questioned the stability of stablecoins and Tether’s solvency. The research, published on May 7, analyzed 334 currency pegs from the year 1800 onward and revealed… дальше »

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Visa vs. stablecoins: are they really competing?

Is Visa’s report on stablecoins an objective analysis, and who is behind the majority of transactions if not real users? Stablecoins, crypto’s promise for stability and utility, are facing a stark challenge: their actual use. A recent study by Visa… дальше »

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DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report

In a recent report published by QuickNode, the first quarter of 2024 showed the dominance of decentralized finance (DeFi) and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector in key metrics, indicating investor preference and market sentiment during this period. дальше »

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Urgent Stablecoin Regulation Needed, Global Financial Watchdog Says

In a bid to navigate the complex landscape of stablecoin regulation, the Bank for International Settlements (BIS) has sounded the alarm for urgent global oversight. The latest report from the BIS underscores the pressing need for a unified regulatory framework to address the significant regulatory fragmentation hindering the widespread adoption of stablecoins. Related Reading: Shiba […] дальше »

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Financial Stability Institute calls for uniform stablecoin regulation

A report published by the Financial Stability Institute on Tuesday warned about the need for uniform regulatory frameworks for stablecoins across different countries. дальше »

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Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins

Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said. дальше »

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Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein

Solana is leading the field in blockchain payments, but the network has scalability issues, the report said. дальше »

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Crypto Regulations On The Horizon: UK Prepares To Release New Laws In 6 Months

In a recent development, the United Kingdom (UK) government plans to implement new crypto regulations for stablecoins and staking services within the next six months, according to a Bloomberg report. дальше »

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UK Is Pushing Hard To Have Stablecoin And Staking Rules Ready Within Next Six Months: Report

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UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg

UK Economic Secretary to the Treasury Bim Afolami has said the UK government was "pushing very hard" to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report. дальше »

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U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan

USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said. дальше »

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New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report

The country's Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it. дальше »

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New Audit Report Shows Terra’s LFG Spent Over $2.8 Billion To Defend UST Peg

Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8B (80,081 BTC and 49.8M in stablecoins) to defend UST’s peg, a new report by London-based third-party auditing firm JS Held has shown. дальше »

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SEC Chairman Says CFTC Should Get More Power to Oversee Stablecoins: Report

Gensler pointed out that the CFTC does not have direct authority to write rules for the firms that issue stablecoins. дальше »

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Stablecoins’ Role in Cutting International Payment Costs Probed by Payments Watchdog

The Committee on Payments and Market Infrastructures wants to know if stablecoins can fulfil their promise of cheaper, quicker transactions, according to a new Financial Stability Board report. дальше »

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Stablecoins Plagued by Security Issues and Trust Concerns, Reveals New Report

The National Institute of Standards and Technology (NIST), an agency under the United States Department of Commerce, has conducted a study exploring the technology and security concerns surrounding stablecoins. дальше »

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DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins

The objection is seeking a deferral on Celsius motions until the independent examiner report on the company is filed over the next couple of months. дальше »

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United States: Will this new bill ban Terra-like stablecoins for 2 years

A recent Bloomberg report stated that upcoming legislation would ban algorithmic stablecoins such as TerraUSD that collapsed in May this year leading to a global crypto crash. The said bill is currThe post United States: Will this new bill ban Terra-like stablecoins for 2 years appeared first on AMBCrypto. дальше »

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US Treasury report encourages instant payment, recommends more CBDC research

In one of three reports released simultaneously Friday, the Treasury Department talks cautiously about stablecoins and CBDC in the context of wider payment technology. дальше »

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First Mover Asia: Bitcoin Struggles Following Inflation Report; California Crypto Bill Is an Overstep, Say Legal Experts

The bill would prohibit California-licensed entities from dealing with stablecoins, unless that stablecoin is fully-backed by securities and issued by a bank or licensed by the California Department of Financial Protection and Innovation. дальше »

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Is Tether caught in a FUD fiasco? WSJ report could give you a clue

Tether [USDT], one of the largest stablecoins by market cap, has been dominating the stablecoin space for quite some time. Even though Tether is crowned king of the stablecoin space, it has seen a lotThe post Is Tether caught in a FUD fiasco? WSJ report could give you a clue appeared first on AMBCrypto. дальше »

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