Binance covered its SAFU fund to USDC for this reason 

Binance, one of the largest crypto exchanges by volume, is making headlines for its decision to convert its insurance fund to the stablecoin USD Coin (USDC). The exchange cited “reliability and stability” concerns for its move to drop other crypto asset holdings like Bitcoin (BTC) and Binance Coin (BNB) for USDC.  Binance drops BTC, BNB […] дальше »

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Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal

Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.). дальше »

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Tether to restructure, expand beyond stablecoin sector

Tether announced a reorganization to expand into other areas besides stablecoins. дальше »

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Tether Splits Into Four Divisions, Eyes Expansion Beyond Stablecoins

Tether, the company behind the USDT stablecoin, has announced a significant reorganization and expansion strategy aimed at transcending its flagship product. This move introduces four distinct business divisions—Data, Finance, Power, and Edu—with a focus on broadening its influence and applications in various sectors of technology and finance. дальше »

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Tether champions decentralized systems expanding tech, AI, education and financial reach

Since its inception, Tether has expanded from a stablecoin to a financial linchpin in developing regions, according to its CEO Paulo Ardoino, speaking at Token 2049 in Dubai. Asserting its new role as an ecosystem architect with the launch of a multi-divisional framework aimed at fostering resilient, future-ready financial systems. дальше »

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Senator Warren wants to extend anti-money laundering rules to crypto miners and validators

US Senator Elizabeth Warren said any new crypto regulation, including the newly proposed regulatory framework for the stablecoin market, must include the full suite of anti-money laundering authorities that the Treasury Department requested in November 2023. дальше »

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Binance converts $1B emergency fund to USDC

Binance has converted $1 billion of its emergency user safety fund to Circle's stablecoin, although the exchange did not explain why. The post Binance converts $1B emergency fund to USDC appeared first on Crypto Briefing. дальше »

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‘Ethereum Wins Big’ With New US Stablecoin Draft Bill: Expert

The introduction of a new draft bill aimed at regulating stablecoins in the United States has ignited a firestorm of debate within the cryptocurrency sector. This legislative development, while still in its formative stages, is positioned to significantly alter the operational landscape for digital currencies, particularly Ethereum and its associated stablecoins. A Big Win For […] дальше »

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Binance enhances SAFU fund stability through USDC amid regulatory progress in Dubai and India

Binance has completed the conversion of its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin, according to on-chain data. In an April 18 statement, Binance confirmed transferring 100% of SAFU’s assets to the USDC stablecoin. дальше »

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Binance CEO discusses stablecoin regulation and detained executive at Token2049

At Token2049, Binance CEO Richard Teng addressed key issues in the crypto space, focusing on the regulation of stablecoins and the complex situation of a detained Binance executive in Nigeria. Binance CEO Richard Teng headlined a panel on crypto regulation,… дальше »

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USDe Holders Should Monitor Ethena's Reserve Fund to Avoid Risk, CryptoQuant Warns

Cryptocurrency data provider CryptoQuant has said that holders of Ethena Labs' USDe stablecoin should monitor the project's reserve fund to avoid risks related to the potential of a negative funding rate. дальше »

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Binance converts 100% of its emergency fund to USDC for improved stability

Exchange Binance has converted 100% of its Secure Asset Fund for Users (SAFU) assets to stablecoin USD Coin. The firm established SAFU in 2018 as an emergency fund for customers during extreme situations. дальше »

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Binance converts assets of its SAFU insurance fund into Circle’s USDC

Crypto exchange Binance has made a notable reorganizational move for its billion-dollar SAFU insurance fund, with all the assets in it converting into the USDC stablecoin. Binance has announced a sudden update for its emergency insurance fund called SAFU, converting… 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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US senators reveal new stablecoin bill

U.S. Senators Kirsten Gillibrand and Cynthia Lummis introduced a bill to regulate stablecoins. дальше »

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Stablecoin Regulation Gaining More Traction in US Congress

New stablecoin bill has been introduced in US, but it is likely to face some resistance from critics like Elizabeth Warren дальше »

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US senators propose bipartisan stablecoin bill opening door to FDIC insurance in US

US senators Cynthia Lummis and Kirsten Gillibrand have jointly unveiled bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins, according to an April 17 statement. дальше »

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DeFi Firm Usual Labs Raises $7M Round Led by Kraken Ventures and IOSG Ventures

The firm has received a commitment of $75 million in total value locked for the launch of its stablecoin USD0. дальше »

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US Senate bill would ban algorithmic stablecoins like Ethena USDe

Senators Kirsten Gillibrand and Cynthia Lummis released their much anticipated stablecoin regulation bill this week. Known as the Lummis-Gillibrand Responsible Financial Innovation Act, the bill aims to streamline the stablecoin industry and reduce the risks of another Terra collapse. дальше »

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Сенаторы США представили новый законопроект о регулировании стейблкоинов

Сенаторы из штатов Нью-Йорк и Вайоминг, Кирстен Джиллибранд (Kirsten Gillibrand) и Синтия Ламмис (Cynthia Lummis), представили в Сенате обновленный законопроект Payment Stablecoin Act, направленный на регулирование стейблкоинов. дальше »

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USDP briefly spikes to $1.28, costing an Aave trader $529k

The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant.  Like regular stablecoins, USDP is designed to… дальше »

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U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill

U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other asset, like the U.S. dollar – will operate in the U.S. дальше »

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Umoja and Merlin Chain introduce Bitcoin-based USDb stablecoin

Umoja partners with Merlin Chain to launch USDb, a unique Bitcoin-based synthetic dollar designed for high yield and stability. The post Umoja and Merlin Chain introduce Bitcoin-based USDb stablecoin appeared first on Crypto Briefing. дальше »

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USDC gains made easy with Octoblock DeFi Rewards

In the constantly developing sphere of decentralized finance (DeFi), Octoblock has gained a reputation as a game-changer, where users can easily gain USDC, a stablecoin pegged to the US dollar, by holThe post USDC gains made easy with Octoblock DeFi Rewards appeared first on AMBCrypto. дальше »

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Uniswap (UNI) dips 15% on SEC concerns: whales pivot to LUNA and NUGX for growth

Uniswap’s 15% price drop after the SEC’s Wells Notice led major holders to seek more promising alternatives. Terra Luna excels with dynamic stablecoin options and instant settlement. NuggetRush’s no-tax model, governance perks, and play-to-earn game lure whales. дальше »

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Tether joins forces with Fuze for educational venture in Turkey and MENA

Stablecoin issuer Tether is teaming up with Fuze to educate individuals and financial institutions in Turkey and the Middle East about crypto. Tether, the company behind the largest stablecoin by market value, has signed a Memorandum of Understanding (MOU) with… дальше »

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Tether, Circle Diverge on How to Tackle Global Patchwork of Stablecoin Rules

The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to tackling fraud and money laundering. дальше »

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Binance Launchpool makes a critical error in FDUSD circulating supply

In a recent development, Binance's OMNI Launchpool reported deposits of FDUSD stablecoin that significantly surpassed its official total circulation. дальше »

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Stablecoin regulation more likely this year following key discussions among lawmakers

Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. дальше »

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USDe maintains full collateralization amid first market ‘stress test’

Ethena Labs, the entity behind the USDe synthetic dollar, has released the asset’s first attestation report, which shows the stablecoin remained fully collateralized over the past week despite significant turbulence in the crypto market. дальше »

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UK to implement new crypto, stablecoin legislation by Q3

The British government plans to introduce new regulations for stablecoins and other crypto services, such as staking, exchange, and custody, by mid-year. дальше »

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UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says

The country passed a landmark bill in June that laid the foundation for stablecoins and other crypto to be treated as regulated financial activities. дальше »

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Ethena stablecoin’s real-time risk monitor chart goes live

Intelligence firm IntoTheBlock unveiled an on-chain risk monitor for Ethena Labs’ stablecoin – USDe -, offering top-notch risk indicators. The detailed chart covers vital metrics, including sUSDe price actions, USDe peg monitor, volatility distribution, and DEX liquidity. дальше »

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Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl

The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who've pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck Schumer about it, Punchbowl News reported. дальше »

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Ondo Spikes 8% as Ondo Finance Tests Instant Conversion From BlackRock's Tokenized Fund to USDC

Stablecoin issuer Circle introduced a new smart contract function earlier Thursday to allow near-instant, around-the-clock redemptions from BlackRock's BUIDL fund for USDC stablecoins. дальше »

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$3 XRP Price Explosion In The Offing As Ripple Moves To Become The New Goliath Of Stablecoins

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Circle facilitates USDC swap for BlackRock’s tokenized fund

Circle will allow the direct conversion of BlackRock's tokenized fund shares into its USDC stablecoin 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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Excitement builds for Ripple’s stablecoin, LTC gain, and Borroe Finance

In the wake of Ripple's stablecoin announcement, XRP sees an upsurge, while Borroe Finance nears the presale finish line with growth potential, and Litecoin stands out as a top pick for 2024. #partnercontent дальше »

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Ripple unveils stablecoin as BTC whales pivot to Render rival for growth

In an ambitious move to enhance its ledger, Ripple launches a stablecoin backed by US assets, while InQubeta’s presale attracts Bitcoin whales with its inventive AI investment platform. #partnercontent дальше »

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FDUSD stablecoin expands to Sui blockchain, hits $3b market cap

First Digital Trust's stablecoin, FDUSD, is expanding to the Sui network after previous expansions to Ethereum and BNB Chain. дальше »

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US senators to unveil bipartisan stablecoin legislation

Senator Kirsten Gillibrand revealed ongoing discussions about forthcoming stablecoin regulation дальше »

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US Senators Gillibrand and Lummis Set to Unveil a New Stablecoin Legislation

Senators Gillibrand and Lummis's upcoming stablecoin legislation marks a crucial step towards integrating cryptocurrencies into the financial mainstream, promising innovation and regulatory balance. дальше »

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First Digital expands FDUSD stablecoin to Sui blockchain

Sui has integrated First Digital USD (FDUSD) stablecoin, joining Ethereum and BNB Chain as only networks currently with native FDUSD support. FDUSD’s expansion to Sui targets the growing decentralised finance (DeFi) ecosystem on Sui. дальше »

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Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push

FDUSD has quickly become the fourth-largest stablecoin since its launch in July under Hong Kong's digital asset regulations, benefitting from crypto exchange giant Binance's trading promotion. дальше »

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Ripple to launch stablecoin as DOGE targets $1 and InQubeta presale shines

Ripple shakes the crypto world with plans to launch a US dollar-backed stablecoin, while Dogecoin eyes the elusive $1 mark, and InQubeta's presale success signals a new entrant in the AI altcoin sector. #partnercontent дальше »

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Circle expands its Web3 Services to Solana as stablecoin transfers surge

Circle is expanding support for the Solana blockchain and USDC stablecoin integration as a report shows Solana processes 43% of all stablecoin transfer volume. дальше »

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'Pass stablecoin legislation now:' Exec on concerns over illicit financing 

Coinbase CLO urges swift action to address illicit finance concerns. U.S. Treasury Deputy Secretary highlights increasing terrorist reliance on virtual assets. Stablecoins play a pivotal rolThe post 'Pass stablecoin legislation now:' Exec on concerns over illicit financing  appeared first on AMBCrypto. дальше »

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BIS Publishes New Stablecoin Report Following Ripple's Announcemnet

With major companies like Ripple entering the stablecoin market, regulators are striving to come up with rules that mitigate risks without hindering innovation 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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