Bankrupt lender, BlockFi, files to convert ‘trade-only’ tokens into stablecoins

BlockFi, the now-defunct crypto lending company, has filed a court application to move "trade-only" assets from users' accounts to stablecoins дальше »

918 +

BlockFi files to be allowed to convert users’ trade-only assets into stablecoins

BlockFi is requesting to convert the assets to Gemini Dollar (GUSD) or another stablecoin The motion has been backed by the court-recognized BlockFi creditors’ committee. BlockFi started the process of returning users’ funds on August 16 after the court allowed the corporation to open withdrawals. дальше »

357 +

BlockFi asks court for permission to convert trade-only assets into stablecoins

The bankrupt crypto lender’s request marks another step toward the return of users’ funds, which the company began in August.

1735 +

Bankrupt BlockFi proposes client asset conversion into stablecoins for trade-only wallets

Cryptocurrency lender BlockFi has filed a proposed court order seeking approval to convert certain client assets into withdrawable funds as part of its ongoing bankruptcy proceedings. The company applied to bankruptcy court on Aug. дальше »

402 +

Memecoins overtake stablecoins like USDC and USDT in gas fees – data

Fee distribution data from Santiment shows an interesting trend within the crypto world as some memecoins surpass established stablecoins such as USDC and USDT in gas usage. Santiment added that speculative trading results in this unusual event. дальше »

249 +

Memecoins Surpasses Stablecoins Like $USDT and $USDC In Terms Of Gas Consumption

In recent times, the metrics tracking of fee distributions among assets by @santimentfeed reveals an intriguing development: certain memecoins have managed to surpass established stablecoins like $USDT and $USDC in terms of gas consumption. дальше »

249 +

Assessing PayPal USD's [PUSD] performance weeks after its launch

At press time, PYUSD’s market cap was under $5 million. PayPal USD trailed behind over 30 stablecoins as adoptions drag. The payment giant PayPal introduced PayPal USD [PYUSD] earlier thiThe post Assessing PayPal USD's [PUSD] performance weeks after its launch appeared first on AMBCrypto. дальше »

347 +

Stablecoins Surpass Mastercard & PayPal in Transaction Volume

In 2022, stablecoins on layer 1 networks recorded $6.87 trillion in transactions, surpassing Mastercard's $6.57T and PayPal's $1.3T. дальше »

332 +

Balancer Loses $900,000 to Security Vulnerability Despite Prior Warning

Coinspeaker Balancer Loses $900,000 to Security Vulnerability Despite Prior Warning The attacker managed to transfer Dai stablecoins twice. The initial transfer was $636,812, followed by a subsequent transfer of $257,527, aggregating to a total stolen amount of around $900,000. дальше »

373 +

Stablecoin settlements were on par with payments giant Visa during 2022

Stablecoins are making significant waves in the payments sphere, primarily as a vehicle for non-speculative transactions, according to a new report by European hedge fund Brevan Howard. In 2022, the stablecoin market settled an eye-watering value of over $11 trillion, drawing parallels to payments giant Visa’s annual figure of $11. дальше »

423 +

Crypto Scammers Outwit DEA In Airdrop Ploy, Walk Away With $55,000+ Stablecoins

Crypto scammers dealt a blow to the United States Drug Enforcement Administration – the agency tasked with enforcing the country’s drug laws – by making off with $55,000 in seized Tether (USDT) earlier this year. дальше »

387 +

Latin American Stablecoins Focus on Beating Inflation and Powering Remittances 

Dollar-pegged stablecoins have been used by consumers in countries like Argentina and Venezuala to hedge against high inflation. But the continent is also home to a growing pool of local stablecoins oriented toward cross-border remittances. дальше »

317 +

Colombian peso-backed stablecoin debuts on Polygon with yield benefits

Num Finance launches nCOP, a Colombian Peso-pegged stablecoin on Polygon, offering users an 8% yield and promising a fresh take on remittances in Latin America. Num Finance, a Latin America-based stablecoins issuer, has introduced its latest stablecoin, nCOP. This new… дальше »

758 +

Surge in Bitcoin-margined futures signals gambler’s rush amidst market uncertainty

Quick Take A notable divergence in futures contracts open interest, margined in USD or USD-pegged stablecoins versus those margined in native coins like Bitcoin, is beginning to emerge. Stablecoins in question include USDT and BUSD. дальше »

319 +

Stablecoin volume outpaces Mastercard, PayPal as digital payments wars loom

Fiat-backed stablecoins have eclipsed Mastercard and PayPal in moving more value across their networks in 2022, according to a Bloomberg Intelligence note on Aug. 25. According to Bloomberg Intelligence crypto market analyst Jamie Coutts, stablecoins on several Layer-1 networks transacted $6. дальше »

361 +

Num Finance launches Colombian peso stablecoin on Polygon

Num Finance received $1.5 million in a pre-seed funding round in May and is now issuing stablecoins in the local currencies of Argentina, Peru and Colombia. дальше »

720 +

Colombian Peso Stablecoin Goes Live on Polygon, Aiming for $10B Remittances Market

Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies. дальше »

367 +

FTX engages Galaxy Digital to oversee, sell, and hedge its crypto assets

Bankrupt exchange FTX wants to hire Mike Novogratz’s Galaxy to assist with selling, staking, and hedging its crypto assets. The proposed agreement would see Galaxy managing and trading certain digital assets owned by FTX to convert them into fiat currency or stablecoins.… дальше »

375 +

Australia CBDC Could Complement Rather Than Replace Crypto

Australia's CBDC pilot reveals synergies crypto could benefit from, including CBDC-backed stablecoins and a robust framework for categorizing digital assets. The post Australia CBDC Could Complement Rather Than Replace Crypto appeared first on BeInCrypto. дальше »

368 +

BREAKING: Coinbase Acquires Stake In Circle As Centre Consortium Fades Away

In a significant development for USD Coin (USDC), Coinbase and Circle, the two companies behind the stablecoin, have reached a new agreement that brings changes to its governance and funding.  This move comes at a crucial juncture as USDC faces evolving global regulatory challenges and intensifying competition from other stablecoins, including Tether and the recently […] дальше »

458 +

Singapore regulator seeks input from Ripple and Circle on stablecoin regulation

The Monetary Authority of Singapore (MAS) has released a consultation paper seeking industry feedback on its proposed regulatory approach for stablecoins and related activities in the city-state. Major cryptocurrency firms Ripple and Circle submitted detailed responses to the consultation, offering… дальше »

374 +

A Crypto Whale Deposited $67,000,000 USDC and USDT to Exchanges Following the Market Crash – Here’s What Happened Next

According to on-chain data, after a recent market crash, a whale deposited massive amounts of stablecoins, totaling 10 million USDC and 57 million USDT, to leading exchanges Binance and OKX. Following these deposits, the same whale has withdrawn a total of 17,901 ETH (Ethereum), equivalent to $30 million, from these platforms. дальше »

399 +

USDC loses more ground in the stablecoin dominance race

USDC’s market cap has declined by almost half compared to a year ago. USDT has gained more dominance with the USDC loss. The Circle USDC has remained one of the leading stablecoins for sevThe post USDC loses more ground in the stablecoin dominance race appeared first on AMBCrypto. дальше »

338 +

Tether USDT stability tested amid crypto market shakeup

Tether’s USDT stablecoin value wobbled from its $1 peg amid the market carnage that wiped nearly $100 billion from the crypto market on Aug. 17. Typically, cryptocurrency traders resort to stablecoins as a hedge against the inherent market volatility within the industry. дальше »

318 +

Coinbase Moves To Delist 3 Stablecoins For Canadian Users

Coinbase, the largest crypto exchange in the US by trading volume, has moved to delist three stablecoins for Canadian users just a few days after its official launch in the country.  Coinbase To Delist RAI, DAI, USDT In an email sent to customers, the crypto exchange announced that its users in Canada would no longer […] дальше »

443 +

Coinbase to delist USDT, DAI, and RAI for Canadians

Coinbase, a crypto exchange, will discontinue the trading of USDT, DAI, and RAI stablecoins for its Canadian users from September 2023 дальше »

358 +

Stellar Joins MoneyGram Board – Implications of Ripple Rival’s Move

434 +

Stablecoins stare at another disappointing month - why?

USDT's market cap dropped by 0.62% to $83.3 billion in August. The progress made by countries on CBDC posed another headache for stablecoins. Stablecoins are the backbone of the digital asseThe post Stablecoins stare at another disappointing month - why? appeared first on AMBCrypto. дальше »

420 +

First Digital USD soars on Binance as overall stablecoin market sinks to two-year low

The total market cap of stablecoins has been on a continuous decline for 17 months, now standing at $124 billion, its lowest level since August 2021, according to CCData. The data aggregator highlighted a broader impact of the decline in stablecoin’s monthly trading volume. дальше »

440 +

FBI seized $1.7m of crypto in three months

FBI seized $1.7 million worth of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Monero (XMR), and stablecoins USDT and DAI in three months. A document published by the US Federal Bureau of Investigation (FBI) revealed about $1.7 million worth of cryptocurrencies… дальше »

853 +

Singapore Takes On Stablecoins With New Regulatory Framework

As Singapore continues to warm up to the adoption of stablecoins in its economy, the Monetary Authority of Singapore (MAS) has released a new regulation to provide more regulatory clarity for the industry. дальше »

304 +

Singapore introduces regulations for single-currency stablecoins

Singapore’s Monetary Authority (MAS) has rolled out a regulatory framework for single-currency stablecoins linked to the Singapore Dollar or other G10 fiat currencies.  With this new setup, any token with a circulation value over S$5 million will earn the MAS-regulated… дальше »

408 +

Singapore Wraps Up Stablecoin Framework: Pathway to Global Adoption?

The Monetary Authority of Singapore (MAS) has unveiled the features of a new regulatory framework aimed at ensuring a high degree of stability for stablecoins in the country. This is the outcome of the central bank’s public consultation, which commenced in October 2022. дальше »

253 +

Singapore Announces Framework for Non-Government Stablecoins

Singapore's Monetary Authority releases a draft of requirements for private stablecoin issuers. The post Singapore Announces Framework for Non-Government Stablecoins appeared first on BeInCrypto. дальше »

308 +

Singapore's Central Bank Releases Stablecoin Regulatory Framework

Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request. дальше »

196 +

Singapore pushes into crypto regulation with new stablecoin framework

The central bank would label these crypto tokens as MAS-regulated stablecoins. This way users would be able to distinguish these coins from non-regulated stablecoins. Singapore’s central bThe post Singapore pushes into crypto regulation with new stablecoin framework appeared first on AMBCrypto. дальше »

339 +

Singapore monetary authority releases regulatory framework for G10-pegged stablecoins

The Monetary Authority of Singapore (MAS) announced a regulatory framework for single-currency stablecoins (SCS) regulated in the Asian country, according to an Aug. 15 statement. The financial regulator stated that the regulations would apply to single-currency stablecoins (SCS) pegged to the Singapore Dollar (S$) or any G10 currency whose circulation surpasses S$5 million. дальше »

387 +

Singapore introduces visionary regulatory framework to boost stablecoins’ stability

The Monetary Authority of Singapore (MAS) unveiled an innovative regulatory framework to boost the stability of the nation’s certified stablecoins on 15 August. The central bank revealed that the new regulations would apply to issuers of single-currency stablecoins tied to the Singapore Dollar or fiat of G10 nations, with circulation surpassing $5 million. дальше »

460 +

Singapore central bank releases regulatory framework for stablecoins

The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore. дальше »

376 +

USDC vs. DAI, Everlodge can be an alternative

Everlodge is firm in the ongoing presale even as the SEC acts on stablecoins like USDC. ELDG can be an option as an hedge against inflation дальше »

769 +

Ex-Binance.US CEO Weighs In On Stablecoin Regulation, Claims A Boost For Dollar Adoption

Former Binance.US CEO and an ex-acting US Comptroller of the Currency Brian Brooks has commented on the ongoing discourse regarding stablecoin regulation in the US.  In an interview with CNBC on Friday, August 11, Brooks, now a partner at Valor Capital Group, took a stance against stablecoins opposition in the US government, saying that a […] дальше »

336 +

Bank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued

Coinspeaker Bank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued The introduction of PayPal stablecoin (PYUSD) represents a groundbreaking development in the realm of stablecoins and digital currencies. дальше »

217 +

PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America

Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said. дальше »

195 +

Cardano's TVL surges thanks to stablecoin adoption but there's a catch

Cardano’s native stablecoins made significant contributions to its TVL. Cardano network activity slows down, influencing ADA demand. What are the factors that have been driving Cardano’sThe post Cardano's TVL surges thanks to stablecoin adoption but there's a catch appeared first on AMBCrypto. дальше »

310 +

Circle says competition from PayPal and others is ‘great to have’, reports $1B in cash

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. дальше »

346 +

Stablecoins could be key to upholding US dollar’s global reserve status: WSJ op-ed

In an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoin legislation is crucial to redollarizing the world. дальше »

380 +

US Congresswoman Raises Concerns About Paypal Stablecoin In The Absence Of Regulation

Earlier this week, popular American payment giant Paypal unveiled the launch of its USD-pegged PYUSD stablecoins to investors. In response, Democrat congresswoman Maxine Waters has raised palpable concerns that may or may not threaten the stablecoin’s operations. дальше »

355 +

USDC Vs USDT: Which Stable Do Institutional Traders Prefer?

Here’s what data suggests regarding which of USD Coin (USDC) and Tether (USDT) do institutional stablecoin investors prefer. Average Transaction Size For USDC Is Greater Than USDT In a new post on X, the market intelligence platform IntoTheBlock has discussed how the metrics related to the two largest stablecoins in the sector compare against each […] дальше »

495 +

Federal Reserve will require state banks to get written ‘non-objection’ from central bank before engaging with stablecoins

The U. S. Federal Reserve has issued new guidelines for state member banks regarding activities involving stablecoins or “dollar tokens. ” According to these guidelines, banks must secure a written non-objection from the regulator before engaging in any such activities. дальше »

372 +

Stablecoin Market to Soar to Almost $3T in Next 5 Years: Bernstein

Major global financial and consumer platforms are expected to issue co-branded stablecoins resulting in significant growth for these cryptocurrencies, the report said. дальше »

185 +