2024-2-15 22:00 |
Federal Reserve Chairman Jerome Powell addressed House Democrats regarding the necessity of a legislative framework for stablecoins. origin »
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The chairman of the US Federal Reserve, Jerome Powell, has called for a comprehensive regulatory framework for digital assets amid the conflict between Russia and Ukraine. Powell’s remarks are similar to those of Christine Lagarde, the president of the European Central Bank.
2022-3-3 12:36 | |
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Stablecoin regulation could add over $1 trillion in Treasury demand and make issuers among the largest holders of U.S. government debt, Citigroup says. Stablecoin issuers could become some of the largest holders of U.S. Treasuries by 2030 if the U.S.…
Payment giant PayPal is rolling out a 3.7% yield on its dollar-backed stablecoin to attract users amid growing competition in the market. PayPal will soon let users in the United States earn 3.7% annually on their PYUSD (PYUSD) stablecoin holdings…
ING plans to gather a consortium of banks to launch a Euro-based stablecoin, taking advantage of EU's MiCA regulations.
The European Central Bank says U.S. President Donald Trump’s pro-crypto stance could trigger instability without stronger European safeguards. The European Central Bank and the European Commission are locked in a dispute over whether the European Union‘s new crypto rules can…
Circle, the issuer behind USDC and EURC stablecoins, is launching a new global payments system that will streamline cross-border bank transactions. According to a press release on Apr. 21, the Circle Payments Network connects banks, fintech firms, digital wallets, and…
As sUSD continues to trade below its intended $1 peg, Synthetix founder Kain Warwick has urged stakers to step up and help restore stability before more stringent measures are implemented. The depeg has stretched on for weeks, triggered by recent…
Christopher Perkins, president of CoinFund, has issued a disapproval of the Bank for International Settlements’ (BIS) recent paper on crypto. Perkins called its recommendations “completely uninformed and frankly, dangerous.