2021-3-22 15:36 |
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Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the author of the report.
2023-9-22 12:02 | |
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The Bank of Thailand has warned against the use of THT stable coin via a circular. Stablecoins currently have a market cap of over $53 billion. Stable coins provide a means to hold digital assets without worrying about their inherent volatility.
2021-3-18 17:57 | |
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Cryptocurrency exchanges experienced a dramatic rise in stablecoin deposits in the previous 24 hours, instilling hopes that traders will use the dollar-pegged tokens to purchase Bitcoin. Data fetched by blockchain analytics platform, CryptoQuant, showed exchanges’ stablecoins reserves hitting a record high of 5.
2021-2-4 17:16 | |
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The Office of the Comptroller of the Currency (OCC) recently approved the use of stablecoins for banks to process financial transactions. However, issues arose from the new OCC guidelines on what this could mean for the entire crypto community and stablecoins, even in the future.
2021-1-7 21:00 | |
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The Treasury’s Office of the Comptroller of the Currency (OCC) has greenlighted federally chartered banks to run nodes and use stablecoins for payments and other acceptable functions. The agency published a letter on January 4, noting that national banks or federal savings associates may validate, store, and record payment transactions by working as a node on independent node verification networks (INVNs).
2021-1-5 14:42 | |
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The Office of the Comptroller of the Currency has announced that U.S. national banks can participate in node verification networks and use stablecoins to conduct payment activities
2021-1-6 14:01 | |
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The Office of the Comptroller of Currency has announced on January 4 that financial institutions like banks can now make use of stablecoins and blockchains to process payments, via a letter. The OCC informed banks that they could use these new methods as long as they comply with regulations and best banking practices in the US.Read More
2021-1-6 11:00 | |
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Rachida Tlaib, Michigan’s House Representative, alongside congressmen Jesus Garcia and Stephen Lynch, have introduced a new bill in Congress to ban the use of illegal stablecoins. A press release unveiled this news on December 2, noting that this bill seeks to improve protection for US citizens against the risks associated with the rapidly growing crypto market in the US.
2020-12-5 12:00 | |
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The European Central Bank (ECB) President says that volatile prices and lack of liquidity make BTC and other digital assets poorly suited for use as money. Lagarde is also keen to push on with the ECB’s digital euro.
2020-12-1 20:16 | |
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The UK Treasury Department is working on a draft to regulate privately-owned stablecoins. The department disclosed this news on November 9 through an official announcement, noting that it is also researching how it could use a Central Bank Digital Currency (CBDC) as an alternative to cash.
2020-11-10 15:23 | |
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In the last year, stablecoins have gone from representing just a tiny fraction of global cryptocurrency trading volume to more than half of it. This, because more users than ever before now use stablecoins to exit volatility, invest, and make payments.
2020-11-3 13:52 | |
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Binance has come out with a lot of new products recently, including an entirely new blockchain, called Binance Smart Chain. Now, the exchange is putting it to use by launching a new system for stablecoins, which it named Venus.
2020-9-30 13:00 | |
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Members of European Union have decided to make use of distributed ledger technology and adopt crypto-assets such as stablecoins, by 2024, in order to introduce new regulations to make cross-border payThe post By 2024, EU will put in place a comprehensive framework on DLT, crypto-assets appeared first on AMBCrypto.
2020-9-18 21:40 | |
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In a panel discussion with the Brooking Institution, Governor of the Bank of England, Andrew Bailey said that stablecoins, Bitcoin, and other cryptocurrencies are difficult and unsuitable for the publThe post Bank of England guv: Bitcoin, cryptocurrencies are difficult and unsuitable for public use appeared first on AMBCrypto.
2020-9-3 19:43 | |
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Tezos has announced Harbinger — it's very own oracle to deliver signed price feeds based on market data from multiple crypto exchanges to its network. With Harbinger, Tezos is expecting the algorithmic stablecoins, lending platforms, and insurance products to kick off the new use cases.
2020-8-27 23:03 | |
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Although stablecoins are a relatively new invention in the cryptocurrency space, they have become quite popular among those who use cryptocurrencies for payments. The most preferred of them all is Tether’s USDT which a Messari researcher says may have the potential to replace Bitcoin as the dominant currency on public blockchains. Its number of daily […]
2020-7-22 13:00 | |
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Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example.
2020-7-5 20:11 | |
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Despite a variety of stablecoins to choose from, people's interests generally focus oddly on one project. No prizes for guessing the most popular stablecoin in the market. The use of stablecoins haThe post Tether ERC-20 variant is well distributed among holders appeared first on AMBCrypto.
2020-6-10 11:00 | |
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To some people, it would appear as if Ethereum’s smart contract and dApp industry is thriving. Others see the space being dominated by transparent Ponzi Schemes and a stablecoin, hinting at little innovation.
2020-6-9 20:00 | |
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Bill Zielke, BitPay’s Chief Marketing Officer, revealed on Thursday this week that the company was not planning to integrate the layer 2 Bitcoin channels. Bill explains that Bitcoin transactions dominate the customers’ preference hence no rush to switch despite the fees reaching highs of $7 after a 256% spike earlier in the month. The company […]
2020-5-30 22:47 | |
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The use of the Ethereum network to move value around has shot to record levels, thanks to the growth of stablecoins.
2020-4-16 12:00 | |
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Paying out the stimulus using stablecoins would be cleaner and cheaper than sending checks in the mail, says the CEO Of Binance.US.
2020-3-22 16:49 | |
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The cryptocurrency-focused financial company BlockFi said it now has a newly enabled feature that allows its customers to buy Bitcoin (BTC) with cash. Before, the Jersey City-based crypto lender, only allowed users only to transfer their digital assets [BTC, ETH, LTC, and stablecoins USDC, GUSD] onto the platform from wallets and exchanges. But after today's […]
2020-3-10 21:18 | |
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A number of changes on the XRP ledger could be looming, including one that could allow the creation of tokens backed by some assets. Ripple’s Chief Technology Officer, David Schwartz, recently revealed that they are working on “very exciting” features to improve the XRP ledger in terms of functionality, subsequently expanding XRP’s use cases. Stablecoins […]
2020-2-29 22:57 | |
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When the failures of fiat currencies are discussed, countries with deteriorating economies are often brought up. Venezuela, Zimbabwe, and Argentina, among others, have seen staggering levels of inflatThe post CBDCs, stablecoins may use fiat's shortcomings to become money of the future appeared first on AMBCrypto.
2020-2-24 22:30 | |
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2020 has kicked off with a lot of excitement and announcements around stablecoins. Will these top institutions and companies lead the front towards a stablecoin-ruled world.
2020-1-27 17:52 | |
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Coinspeaker The Main Property of Cash is Anonymity, How about Stablecoins?What will happen to the centralized stablecoins in terms of payment anonymity? At the moment only one thing is clear: the banks will likely force masses to use their stablecoins with anonymity or without it.
2019-12-24 11:49 | |
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Stablecoins have shaped the fabric of how cryptocurrency transactions happen. The idea behind a stablecoin might have arisen out of necessity, to have an easier way to access cryptocurrencies. HoweverThe post Even with Tether's variable peg over 2019, people chose to use it more than any other stablecoin appeared first on AMBCrypto.
2019-12-19 16:45 | |
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In a recent video, VP of Products at Blockstream, Allen Piscitello, spoke about stablecoins, the platforms they use, and how they compare to Blockstream’s own Liquid network. During the presentationThe post Blockstream planning Liquid update to reduce transaction fees appeared first on AMBCrypto.
2019-12-17 20:30 | |
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BitPay, a payment provider offering merchants the ability to accept cryptocurrencies, launched support for several stablecoins. Users will now be able to use USD Coin, Gemini Dollar and Paxos to pay for goods with all on-boarded merchants.
2019-12-11 23:35 | |
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China is looking to use a blockchain-based digital currency to surpass the U. S. dollar in global dominance. However, its claimed transaction speed is raising eyebrows. An arms race of stablecoins will soon be upon us as the geopolitical climate heats up.
2019-12-7 16:34 | |
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If Facebook’s Libra project is to succeed it should use stablecoins issued by regulated third parties rather than create its own crypto-assets, that’s the conclusion of a new position paper publisThe post Trusted third parties should issue stablecoins, not Facebook- eToro believes partnering with authorized partners is the key to success for Libra appeared first on AMBCrypto.
2019-11-29 15:30 | |
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MakerDAO's latest upgrade is deemed paramount to the ecosystem's relevance as it seeks to enhance the Dai token's real-world use cases. Maker's Rune Christensen recently featured in a Blockcrunch inteThe post Libra, digital yuan, centralized stablecoins are just banking services: MakerDAO's Christensen appeared first on AMBCrypto.
2019-11-19 09:30 | |
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Tether dwarfs other stablecoins but use will stay limited, says Samson Mow
2019-11-15 11:59 | |
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Saldo, an app that uses stablecoins that are pegged to the peso, has been approved by the Mexican government for use, ensuring that 20,000 migrant workers are able to use the Stellar network to pay their bills from the US.
2019-11-8 18:46 | |
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Stablecoins volume have dropped. In the month of September as Bitcoin’s price took a tumble, so did the stablecoins. Seen to serve different sectors of the market, some as a trading hedge, some as a trading pair, or some as a crypto-investment bridge, stablecoins have a multitude of purposes, yet their use, in a sluggish […] The post Bitcoin trading to USDT drops by nearly a quarter appeared first on AMBCrypto.
2019-10-22 17:30 | |
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Calibra CEO David Marcus reportedly said that Libra would be open to using national fiat-pegged stablecoins at a banking seminar on Sunday
2019-10-21 00:30 | |
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The Financial Action Task Force [FATF], an inter-governmental organization that has pledged to combat money laundering and terrorism funding, has stated that Facebook and its stablecoin, Libra, would be subject to global standards on cryptocurrencies and traditional financial assets, according to reports.
2019-10-18 15:30 | |
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The growing popularity of stablecoins is slowly causing a major shift to occur. The first of these assets has now found a use outside of the cryptocurrency industry as well. The USDC stablecoin will now be accepted for tax payments in Bermuda.
2019-10-18 01:59 | |
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Based on the latest report by Circle, Bermuda became the first government to accept payments for taxes, fees and other government services using stablecoin, USD Coin (USDC). The acceptance of USD-backed cryptocurrency is a result of Bermuda’s efforts into supporting the use of USD-dollar backed stablecoins and decentralized finance protocols and services.
2019-10-16 19:56 | |
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Today, Bermuda became the first government to accept payments for taxes, fees and other government services using USD Coin (USDC). Announced as part of a broader initiative from the Bermuda government aimed at supporting the use of USD-dollar backed stablecoins and decentralized finance protocols and services, this is a major
2019-10-16 16:13 | |
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Ethereum isn’t the only stablecoin game in town. The number of Ethereum-based stablecoin projects is declining as teams use other platforms, forks, 3.0 blockchains and proprietary blockchains for building price-stable currencies instead
2019-10-13 00:24 | |
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The first and foremost point we learn about the money is that it belongs to the government institutions. They print the money and we spend as the payments and use it as a store of value. This phenomenon was there for more than a decade or two, but things started moving resentfully when someone promulgated The post Stablecoins : Killer application of blockchain appeared first on ItsBlockchain.
2019-10-10 12:23 | |
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The International Monetary Fund has always shown some crypto-curiosity. In a recent document, the IMF commented on the use cases and utility of stablecoins, or assets with a pegged value. IMF Bigs Up Stablecoins In a recent IMF staff paper, part of the Fintech Notes series, the organization outlines the promises and risks of those assets, as a new arrival on the fintech scene.
2019-9-24 20:00 | |
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Today, the German Federal government presented a concept to the Federal Cabinet for use cases of blockchain database technology. A number of laws were announced in the 42-page paper, all of which aim to help blockchain technology to be properly incorporated into the administration and financial sector.
2019-9-18 19:30 | |
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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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The cryptocurrency industry has faced a lot of hurdles and resistance from regulators and individuals alike. While the resistance seems to be preventing the adoption and much-desired use of cryptocurrency for payment, data suggests otherwise.
2019-8-5 10:55 | |
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Stablecoin issuers including Coinbase, Paxos and Terra are planning to change directions as a result of consumer interest in using stablecoins as a mean of payment rather than simply for trading reports The Block.
2019-8-4 22:15 | |
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