2023-10-23 17:24 |
USD stablecoin transactions are rising fast, but most of the growth is happening outside of the United States, says Jason Somensatto, Head of North America Policy at Chainalysis. origin »
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The UK's stablecoin regulation could enhance financial stability and innovation, positioning the nation as a leader in digital finance. The post UK will soon introduce laws to regulate stablecoin, says Circle’s head of policy appeared first on Crypto Briefing.
2024-10-24 18:12 | |
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The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish.
2024-5-9 19:00 | |
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The Clarity for Payment Stablecoins bill is sensible legislation for technology that could help millions of people, says Circle’s Heath Tarbert, the former chair of the U.S. Commodity Futures Trading Commission.
2023-10-16 15:17 | |
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The firm behind the USDT stablecoin says its current boss Jean-Louis van der Velde will transition to an advisory role for Tether.
2023-10-13 16:17 | |
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Terraform Labs has urged the judge to grant its motion to compel trading data from Citadel Securities, which it says had a hand in the collapse of USTC in May 2022.
2023-10-13 07:57 | |
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Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024.
2023-10-6 13:12 | |
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Proposals by the European Commission aim to allow non-banks access to payment systems, enhancing stablecoin regulations.
2023-9-20 02:49 | |
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A Hong Kong politician describes significant progress toward finalization of a framework governing stablecoin issuance. The post Hong Kong Edges Closer to Regulatory Framework for Stablecoin, Lawmaker Says appeared first on BeInCrypto.
2023-9-20 20:00 | |
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ANZ’s banking executive Nigel Dobson says the bank sees “real value” in tokenizing real-world assets on-chain like the Aussie dollar.
2023-9-15 09:56 | |
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Paxos has released a transparency report for PayPal's stablecoin, PYUSD, showing it is fully backed by US Treasury debt and cash deposits. An independent audit is planned for later this month. The post PayPal’s PYUSD is Fully Backed, Says Transparency Report appeared first on BeInCrypto.
2023-9-13 18:00 | |
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PayPal stablecoin PYUSD is just tip of iceberg, says Chris Burniske
2023-9-7 14:46 | |
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Bloomberg analyst predicts Ethereum's triumph in stablecoin wars due to network adoption indicators and upcoming scaling advancements.
2023-8-30 16:45 | |
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A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing.
2023-8-25 12:46 | |
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Stablecoin issuer Tether is building specialized Bitcoin mining software aimed at using data analytics to optimize mining operations and boost production, Chief Technology Officer Paolo Ardoino says.
2023-8-18 17:25 | |
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The fintech giant’s PYUSD stablecoin has forced a rethink among Democratic policymakers who previously resisted federal legislation, says John Rizzo.
2023-8-17 22:42 | |
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Like Facebook's ill-fated Libra project, PYUSD is getting some pushback in Washington D.C. But its prospects seem more promising, says Michael J. Casey.
2023-8-12 19:16 | |
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Circle’s top executive spoke favorably of competition from PayPal’s stablecoin while emphasizing his own company’s strong standing on Aug. 10. Jeremy Allaire, the CEO of Circle, said that other firms will likely begin to introduce stablecoins following PayPal’s announcement.
2023-8-11 01:35 | |
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Until now, most of crypto’s big innovations have been for crypto-natives. PayPal’s stablecoin is different, says Austin Campbell, the former head of Portfolio Management at Paxos.
2023-8-9 20:03 | |
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The top Democrat on the House Financial Service Committee criticized PayPal’s plans in a statement on Wednesday.
2023-8-9 19:52 | |
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“The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert.
2023-8-8 22:57 | |
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“The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert.
2023-8-8 22:57 | |
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Tether, the company behind the USDT stablecoin, may now be the 11th largest bitcoin holder in the world. This comes after the stablecoin issuer recently published its attestation report for Q2 2023.
2023-8-6 20:05 | |
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The choice isn’t stablecoins vs no stablecoins. It’s between regulated products with low fees that protect consumers, and offshore assets with low transparency and no oversight, says Austin Campbell.
2023-8-1 20:24 | |
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A “major leading indicator” for Bitcoin is pointing the way toward a classic repeat of bullish BTC price phases, analysis says.
2023-7-27 11:24 | |
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The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements
2023-7-25 20:18 | |
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The Group of Twenty (G20) has welcomed the high-level recommendations of the Financial Stability Board (FSB) on crypto asset activities and global stablecoin arrangements.
2023-7-18 16:05 | |
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The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.
2023-6-28 21:44 | |
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Stablecoin project TrueUSD said Thursday it had “no exposure” to embattled crypto services company Prime Trust as it raced to shore up confidence in its dollar-backed TUSD.
2023-6-23 19:37 | |
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The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Services Committee’s semi-annual Fed policy hearing.
2023-6-22 21:15 | |
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U. S. Federal Reserve Chair Jerome Powell said the regulator views payment stablecoins as a “form of money” and believes central banks should supervise them. Powell made the statement in response to Congresswoman Maxine Waters asking whether stablecoin issuers should be licensed and regulated by the Fed during a June 21 hearing.
2023-6-21 18:24 | |
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Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.
2023-6-22 18:22 | |
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Tether recently minted another $1 billion worth of its Tether USDT stablecoin on the Ethereum blockchain, which is another big issuance within two months since its last minting on April 21.
2023-6-12 19:34 | |
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The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation.
2023-6-2 20:46 | |
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Circle CEO Jeremy Allaire said May 25 that artificial intelligence (AI) bots are engaging with his company’s USDC stablecoin. AI and blockchain are a match Allaire wrote on Twitter: “[Artificial intelligence] and Blockchains are made for each other… We are already hearing about AI Bots spinning up on-chain wallets and using USDC.
2023-5-26 01:19 | |
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The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.
2023-5-17 15:00 | |
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Tether, operator of world's largest USD-pegged stablecoin USDT becomes 'precious metals powerhouse,' Gabor Gurbacs says
2023-5-14 21:34 | |
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Contrary to SHIB army's hopes, SHI stablecoin has, apparently, not been created yet
2023-5-9 17:49 | |
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The stablecoin has upgraded its market infrastructure after losing its peg during the crisis.
2023-4-27 18:25 | |
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Patrick McHenry is seeking to push his own stablecoin bill through Congress but faces Democrat skepticism
2023-4-26 18:00 | |
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The draft bill makes sweeping recommendations that address stablecoins, CBDCs, and the future of the digital dollar. The post Stablecoin Bill is an ‘Extraordinary Moment For the Future of Dollar,’ Says Circle CEO appeared first on BeInCrypto.
2023-4-17 15:00 | |
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The stablecoin offers greater transparency than competitors like Tether, but, unfortunately, that proved of little value as it was de-pegged during the recent banking crisis, says JP Koning.
2023-4-6 20:51 | |
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Co-founder of BSV Craig Wright has slammed Tether in wake of recent SEC moves
2023-3-26 23:00 | |
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When integrated into the economy, a central bank digital currency or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis.
2023-3-23 00:15 | |
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After the weekend’s depegging of the stablecoin, Circle, which issues USDC, has declared that substantially all the minting and redemption backlogs have been resolved. The post Circle says substantially all USDC minting, redemption backlogs are resolved after wild week appeared first on CryptoSlate.
2023-3-17 23:01 | |
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The stablecoin issuer says that from March 13 and March 15, it redeemed $3.8 billion USDC and minted $0.8 billion USDC.
2023-3-16 05:01 | |
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Andrey Shevchenko — the founder of decentralized finance (DeFi) protocol Zircon Finance — shared his view that MakerDAO's (MKR) so-called "decentralized stablecoin" DAI's (DAI) introduction of USD Coin (USDC) as collateral was an attempt to plug a hole in a flawed system.
2023-3-14 00:35 | |
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USDC dropped to $0.973, its lowest level since the collapse of FTX.
2023-3-11 03:01 | |
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Stablecoin issuer Tether faces allegations by the Wall Street Journal that it accessed bank accounts through shell companies and accounts used for money laundering. The post Tether Partners Used Fraudulent Documents to Give Company Access to Bank Accounts, Says Report appeared first on BeInCrypto.
2023-3-4 14:59 | |
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Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says.
2023-3-4 23:02 | |
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Even comprehensive crypto legislation won’t stop people from making bad investment decisions, says EY's blockchain leader.
Absent regulatory approval of spot Bitcoin ETFs, the leading cryptocurrency is likely to remain a speculative asset rather than a true safe-haven asset.
Congressional inaction, the decline of the Chevron doctrine, and regulation by enforcement are decentralizing policy-making power over emerging technologies like blockchain and AI, says Michele Neitz.
Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve.
In the absence of specific policy, U.S. regulation of crypto has devolved to judges in bankruptcy proceedings, say Yesha Yadav and Bob Stark.
CoinDesk’s “State of Crypto” Week looks at the prospects for digital assets legislation and regulation in Washington D.C.