Tether mints $1B USDT as stablecoin issuance tops $4.7B in a week

Stablecoin issuer Tether has minted another $1 billion worth of USDT, adding to a sharp rise in stablecoin issuance over the past week, according to on-chain analytics firm Lookonchain. The latest mint brings total stablecoin issuance by Tether and Circle…

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Japanese e-commerce giant DMM Group considers stablecoin pilot

Japan-based electronic commerce DMM Group and Progmat have begun a joint exploration into issuing a stablecoin. DMM.com, along with its affiliate DMM Crypto, is collaborating with Progmat to explore the issuance of a stablecoin. According to DMM’s press release on…

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Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody

The Monetary Authority of Singapore released its stablecoin framework last year.

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M^0 secures $35M Series A round for stablecoin issuance network

As part of the fundraising, M^0 has deployed its core protocol and on-chain governance mechanism on the Ethereum mainnet.

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Nomura partners with GMO to explore stablecoin issuance in Japan

Nomura Holdings and Laser Digital have partnered with GMO Internet Group on a new stablecoin-focused project. The companies will collaborate in the issuance, redemption and circulation of Japanese yen and US dollar-pegged stablecoins in Japan Nomura Holdings, the Japanese banking and investment giant, is teaming up with GMO Internet Group to explore the issuance of […] The post Nomura partners with GMO to explore stablecoin issuance in Japan appeared first on CoinJournal.

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Tether's Stablecoin Dominance May Wane Following Proposed U.S. Rules: S&P

The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said.

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Milei Moneda’s launch promises big as Solana and Toncoin rise

Milei Moneda (MEDA) offers a promising start, alongside Solana's (SOL) rise in stablecoin issuance aiming for a rebound, while Telegram's embrace of Toncoin (TON) heralds a new era of crypto integration and remarkable growth. #partnercontent

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Frax Finance Expands to Cosmos Ecosystem Via Asset Issuance Chain Noble

The Frax token (FRAX), a crypto-collateralized stablecoin pegged to the U.S. dollar, and its staked version, sFRAX, will become native to the Cosmos ecosystem via Noble.

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WisdomTree secures NYDFS charter for digital asset custody and stablecoin issuance

WisdomTree has been granted a NYDFS charter, allowing fiduciary custody of digital assets and the issuance of DFS-approved stablecoins.

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Hong Kong's Central Bank Starts Regulatory Sandbox for Stablecoin Issuers

The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox.

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Hong Kong to allow stablecoin issuance testing in sandbox

The Hong Kong Monetary Authority (HKMA) will allow institutions to test the issuance of stablecoins. According to a release published by the Hong Kong Free Press on Feb. 28, the HKMA will launch a so-called sandbox. Financial Secretary Paul Chan…

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Cardano heads further south amid stablecoin launch. What holds for the token next?

The first stablecoin on Cardano (ADA/USD) has been launched. The USD-based stablecoin, iUSD, was launched by the decentralised synthetic asset issuance protocol, Indigo. The launch of iUSD comes two months after Cardano’s hard fork that allowed the building of dApps on the blockchain.

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Circle’s USDC issuance falls 3 billion from Binance stablecoin conversions

Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.

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United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”

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US Fed begins quantitative tightening, Japan restricts stablecoin issuance and LUNA 2.0 rides a price roller coaster: Hodler’s Digest, May 29-June 4

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Japan passes bill to limit stablecoin issuance to banks and trust companies

The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse.

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Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies

After the US, Japan is focusing on stablecoins and is acting to limit the number of companies that can issue these assets backed by fiat currency, according to a Nikkei report. The country’s top banking regulator, Financial Services Agency (FSA), is reportedly planning to propose legislation next year to restrict the issuance of stablecoins to […] The post Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies first appeared on BitcoinExchangeGuide.

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Japan's financial regulators may propose legislation in 2022 restricting stablecoin issuance

The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.

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Japan to Crack Down on Stablecoins

Japan's top regulator is aiming to restrict stablecoin issuance

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Tether CTO Denies USDT Issuance Stopped for Two Consecutive Months

Tether CTO Paolo Ardoino said that USDT is still seeing issuance, with $100 million of the stablecoin being issued recently. The post Tether CTO Denies USDT Issuance Stopped for Two Consecutive Months appeared first on BeInCrypto.

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Tether (USDT) faces criminal probe in the US, report says

Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto. The post Tether (USDT) faces criminal probe in the US, report says appeared first on CryptoSlate.

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Leading Stablecoin USDC to Be Issued on Energy-Efficient, PoS-Based Tezos (XTZ) Blockchain

Tezos (XTZ) has been selected as one of the blockchains for the issuance of leading U.S. dollar-pegged stablecoin USDC. Centre Chooses Energy Efficient Tezos to Issue USDC Tezos (XTZ), a self-upgradable and energy-efficient, proof-of-stake (PoS) public blockchain has been chosen by Centre – the consortium supporting the USDC stablecoin founded by Circle and Coinbase –Read More

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ICHI launches ‘Decentralized Monetary Authority’ for stablecoin issuance

The ICHI ecosystem has attracted several high-profile partners, including Solana, Moonbeam, SushiSwap, 1inch Network, Loopring and Bancor.

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OIN Finance deploying on Harmony blockchain to create a ONE-backed stablecoin

CryptoNinjas » OIN Finance deploying on Harmony blockchain to create a ONE-backed stablecoin Harmony, a sharding protocol with a trustless Ethereum bridge, has announced that OIN Finance, a decentralized stablecoin issuance & trading platform, will be deploying on Harmony, to create a ONE-backed or ONE-denominated stablecoin.

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European Central Bank (ECB) Wants Full Control Of Stablecoin Issuance In Region

The European Central Bank (ECB) has requested EU lawmakers to confer bank control over the issuance of stablecoins within the region. Reuters reported today that the ECB, via a legal memo issued on February 19, requested exclusive rights to determine stablecoin future within its jurisdiction.

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Stellar Invests $3 Million in Digital Assets Settlement Network Across LATAM

Stellar Development Foundation is investing up to $3 million, paid in Lumens (XLM), in digital assets settlement network across LATAM, Settle Network. This investment will help boost the payment tools of Settle Network that are focused around stablecoins, including fiat-to-crypto onramps, stablecoin issuance, and payment processing.

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One of the World’s Oldest Banks Is Issuing a Euro Stablecoin on Stellar

Germany’s Bankhaus von der Heydt is working with Bitbond for the first direct issuance of a stablecoin by a bank on Stellar, the firms said.

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Binance запускает децентрализованную систему криптокредитования

Криптовалютная биржа Binance представила проект под названием Venus Protocol. “@VenusProtocol’s money market and stablecoin issuance platform can bring DeFi access and yield to CeFi users to a larger extent.

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Russia’s Largest Bank May Issue Its Own Stablecoin

On the heels of new crypto legislation, Russia’s largest (and state-owned) bank is considering launching its own stablecoin to simplify blockchain transactions. A Stable Ruble Sergei Popov, director of Sberbank’s Transactions Business department, has raised the possibility of the issuance of digital tokens.

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Compound-Issued DAI Just Eclipsed Actual DAI, Courtesy an Infinite Issuance Loophole

There’s now more DAI, the MakerDAO stablecoin, issued on DeFi project Compound than DAI’s actual circulating supply, CoinDesk reported June 3. DAI on Compound > Actual DAI DeFi – the shiny new sub-sector of crypto that promises ultimate decentralization and returns for early adopters – is facing a strange conundrum.

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The USDT Supply on TRON Surpasses a Major Milestone

When people think of Tether’s USDT stablecoin, the Ethereum blockchain will be mentioned relatively quickly. However, it seems as if the USDT issuance on TRON is also on the rise, as its circulation amount surpassed $2.

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Nearly Half of Ethereum Total Value Comprised of ERC-20 Tokens

Ethereum’s evolution into a completely decentralized financial ecosystem is progressing steadily. Stablecoin issuance on the network has surged, and almost 50% of its total value is now in ERC-20 tokens.

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First Wave of JUST (JST) Tokens to Be Airdropped to Tron (TRX) Holders: Details

The JUST decentralized lending and stablecoin issuance platform launches the first wave of the JST tokens airdrop. Tron (TRX) holders are eligible for this distribution

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Stablecoins Provide Cover as Global Risks and Uncertainty Quake

Stablecoin demand and issuance sees such a dramatic surge in 2020, that the Bitcoin market cap may not stay the largest for much longer

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First Mover: Ether Trounces Bitcoin as Network Sees Surge in Stablecoins

Ether is up more than 50 percent this year, outpacing bitcoin. Is this year's surge in stablecoin issuance playing a role?

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Tether Plans to Burn 220M USDT After Printing 120M USDT Yesterday

Tether Treasury has been busier than ever before in the past month. Now, for an unknown reason, it plans to burn 220M USDT. Tether Treasury has been ramping up its stablecoin issuance in the past month and a half.

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Ethereum the big winner of massive stablecoin growth as issuance hits record number

Ethereum has seen tremendous growth throughout the past several years, onboarding a significant amount of noteworthy decentralized applications to its blockchain while also enabling the growth of a billion-dollar DeFi ecosystem.

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Tether blockchain integrates AML compliance solution from Chainalysis

Chainalysis, the blockchain analysis company, today announced the integration of its compliance solution for Tether, the largest stablecoin blockchain platform by market capitalization. Chainalysis Know Your Transaction (KYT) for token issuers is a real-time anti-money laundering (AML) compliance solution for monitoring a token’s full lifecycle, from issuance to redemption.

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Circle and Coinbase Invite More Members to Consortium Behind US Dollar Coin

Circle and Coinbase have opened up their consortium for stablecoin issuance to more members

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Tether (USDT) Stablecoin Supply Exceeds 4 Billion on All Networks

After aggressive issuance of USDT coins and tokens on various networks, the stablecoin breaks another supply record.

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Scope of DAI Use Cases are Exponentially Widening

A recent report from MakerDAO digs into the growing adoption of the DAI stablecoin. Issuance of DAI may be done through Maker debt contracts, but usage is being leveraged across the Ethereum dApp ecosystem, June 8, 2019.

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Life Without Dollars: A New, Lasting StableCoin Solution is Needed Because the USD Won’t Rule Forever

Since the whittling away of the power and stability of the gold standard in, depending on where you're from (1925 in the UK to 1971 if you're in the USA) and its replacement with a system of tethered trust in the government responsible for the issuance of the currency (Bank of England – UK and […]

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MakerDAO Set to Increase DAI Fees Above 15% in Bid to Stabilize Stablecoin

MakerDAO token holders have voted again to increase issuance fees on dollar-backed stablecoin DAI.

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Crypto Garage and Blockstream Receive First Ever Regulatory Approval to Test Japanese Yen Stablecoin

Crypto Garage, a subsidiary of the Japanese IT company Digital Garage, Inc, announced on January 21, 2019, that it would test issuance of JPY stablecoins on their SETTLENET platform. The Stablecoin Euphoria Expands to Japan The blockchain fintech company will pilot a delivery versus payment settlement service between JPY tokens and digital assets in a project fully authorized under the.

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Can Alchemint Turn Code Into Gold?

Alchemint, a stablecoin issuance platform, launched its first project in mid-December. The new dollar-pegged token, SDUSD, is the first stablecoin to go live on the NEO public blockchain. In the future, the project aims to follow up the launch with other tokens, pegged to currencies like the Euro, South Korean Won, and Japanese Yen, as well as commodities such […] The post Can Alchemint Turn Code Into Gold? appeared first on Crypto Briefing.

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