2023-8-3 16:44 |
Demand for greenbacks in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency could erode the U.S. dollar's overall dominance. origin »
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One of Japan’s most prominent banks, Mitsubishi UFJ Financial Group (MUFG), has announced its intention to issue global stablecoins linked to various foreign currencies, notably the United States dollar.
2023-6-23 15:02 | |
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Japan’s leading bank Mitsubishi UFJ Financial Group (MUFG), plans to issue global stablecoins tied to foreign currencies (including the United States dollar). The financial giant will mint the coins through its Progmat platform.
2023-6-23 10:43 | |
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Requiring foreign entities who have already issued stablecoins to set up a Hong Kong entity for issuing stablecoins might throw up complications.
2023-2-22 10:23 | |
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The newly released CBN vision 2025 documents highlight the possibility of using a regulated stablecoin for payments and raking in foreign direct investments from the initial coin offering model.
2023-1-11 10:25 | |
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The Financial Services Agency is seeking feedback on new stablecoin regulations set to take effect in 2023.
2022-12-28 17:27 | |
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The Financial Services Agency is seeking feedback on new stablecoin regulations set to take effect in 2023.
2022-12-27 17:27 | |
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The Financial Services Agency is expected to reportedly lift its ban on foreign issued stablecoins in 2023 These stablecoins will be managed by local distributors who will have to ensure consumThe post With Japan set to lift its stablecoin ban, crypto enthusiasts can expect this in 2023 appeared first on AMBCrypto.
2022-12-27 02:30 | |
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Japanese regulators are reconsidering the usage of stablecoins like Tether USDT, and a feedback assessment is scheduled for December 26.
2022-12-27 00:08 | |
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Vertex protocol raised $8.5 million to build a decentralized foreign exchange for Terra-based stablecoins. @camlearnscrypto reports
2022-4-27 16:00 | |
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Crypto investors know well by now that institutions like the European Central Bank [ECB] are suspicious of stablecoins and often warn of their risks. On 10 December, Fabio Panetta, an executive boaThe post CBDC: European Central Bank exec worries digital euro may hurt foreign currencies appeared first on AMBCrypto.
2021-12-11 02:30 | |
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Though Randal Quarles said there was a "legitimate and strong regulatory interest in how stablecoins are constructed and managed," a U.
2021-6-29 23:00 | |
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With the support and licensing from the US Government, Circle is providing foreign aid through the USDC stablecoin to the people of Venezuela. Circle said, “While this may be the first time, it will no doubt not be the last as global stablecoins firmly arrive on the world stage as a foundational infrastructure in the […] The post USDC’s ‘Breakthrough’ Use-Case, US Govt.
2020-11-22 19:06 | |
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Stablecoins are cryptocurrency assets with their value tied to a specific asset, like gold or the US dollar. They serve many purposes in the industry, but an opinion piece in the World Economic Forum states that they may be able to curb the potential threat of global foreign currency reserves domination of the US dollar. […]
2019-11-29 23:13 | |
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The systemic risks posed by U.S. dollar domination of global foreign currency reserves could be tempered by stablecoin issuance, analysts argue in a new piece for the WEF
2019-11-27 11:10 | |
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Many regulators and heads of financial institutions have expressed concern over cryptocurrencies and their use. Crypto assets come with many challenges that place financial institutions in an awkward position as far as dealing with digital assets goes.
2019-9-7 19:21 | |
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Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra.
2019-9-7 20:17 | |
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Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.
2018-10-31 17:17 | |
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Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents.
2018-10-26 21:07 | |
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In a move to expand its asset offerings, Coinbase has created a new process by which anyone with a token can apply to have it listed on the platform. This news comes weeks after Coinbase said it was exploring the addition of several new assets including Stellar Lumens (XLM), Zcash (ZEC) and Cardano (ADA).
2018-9-27 01:15 | |
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University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.
2018-9-13 18:07 | |
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Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
2018-9-11 01:58 | |
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Ray Dalio says he prefers bitcoin and gold over bonds amid rising global debt levels, signaling growing institutional endorsement of bitcoin as a safe haven asset.
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The members of Generation Z have had their futures stolen by monetary mismanagement, but they are poised to rebuild with Bitcoin.
In the latest Cointelegraph Report, we assed the risk of a possible default in the U.S. and the impact of the debt ceiling crisis on crypto and the broader markets.
The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults.
The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week.