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 »
Bitcoin price in Telegram @btc_price_every_hour
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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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Circle’s Chief Financial Officer Jeremy Fox-Geen has released an update on the operations of the company’s stablecoin USD Coin (USDC). Fox-Geen’s statement is a response to the market turmoil following the collapse of crypto exchange FTX.
2022-11-18 16:20 | |
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The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
2022-11-17 00:45 | |
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Sen. Kirsten Gillibrand (D-N.Y.) said the latest effort on a stablecoin regulatory bill is coming soon, and she hopes it can get some attention before Congress transitions into its new session next year.
2022-11-16 21:41 | |
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The addition will help crypto businesses by making it easier to take payments, the company said.
2022-11-16 19:39 | |
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John Todaro, vice president at investment and asset management firm Needham & Co., discusses whether USDC could become the “de facto” CBDC for the U.S. and why crypto exchange Coinbase could operate like a bank if it were to “mint” more of the stablecoin.
2022-11-5 21:51 | |
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FTX boss Sam Bankman-Fried (SBF) has revealed that the cryptocurrency exchange is working on creating its stablecoin. Sam Bankman-Fried, the CEO of FTX crypto exchange, has revealed that the company is currently working on creating its stablecoin.
2022-10-28 10:05 | |
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Billionaire FTX founder and CEO Sam Bankman-Fried confirmed that the exchange is working on a project to develop their stablecoin.
2022-10-28 18:30 | |
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Henry Chang believes that stablecoins must have a 100% reserve to ensure that user funds are protected. Henry Chang, chief executive officer of South Korea-based blockchain game developer Wemade Co.
2022-10-27 10:22 | |
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A proposal to move the stablecoin assets was made by Coinbase in September and is nearing a final deadline.
2022-10-22 22:40 | |
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The FDIC expressed his trust in stablecoins as a possible means of payment and urged regulators to better oversee the stablecoins. According to the chair, stablecoins hold characteristics that could bring issues such as money laundry to an end.
2022-10-21 19:00 | |
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Anti-fraud measures might need to go wider, committee members considering new stablecoin laws heard from private sector witnesses
2022-10-20 19:50 | |
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The U.S. and the world benefit from the primacy of the U.S. dollar in the world economy, but it is stablecoin, not a CBDC, that will enhance the fiat’s place, according to Waller.
2022-10-16 00:00 | |
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The ranking member of the House Financial Services Committee praised the bipartisanship behind the coming bill, but says there are “complex conversations” ahead.
2022-10-14 00:00 | |
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The company says Electronic Dollars (eUSD) will be “the first data-protecting stablecoin.”
2022-10-10 13:55 | |
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The rise of Circle’s USDC stablecoin – as opposed to the controversial Tether (USDT) – is a threat to the broader financial system, as it could increase the chance of run risks from smaller issuers, researchers at the Federal Reserve Bank of New York wrote in a new paper published Monday.
2022-10-4 20:32 | |
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The regulatory body tasked with overseeing Celsius’ bankruptcy proceedings has asked a New York judge to deny the failed crypto lender’s recent motions to reopen customer withdrawals and sell off its $23 million in stablecoin holdings, calling the actions impulsive and premature.
2022-10-1 21:43 | |
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The collapse of Terra (LUNA/USD) and its TerraUSD stablecoin project continues to feature in the latest crypto news nearly four months since the event (a $45 billion project just flushed down the drain) impacted millions of investors.
2022-9-19 15:15 | |
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The automatic conversion of other stablecoins could increase BUSD supply by $908 million, the bank said.
2022-9-10 15:23 | |
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The world's largest crypto exchange announced Monday it would cease trading support for USDC and auto-covert deposits to its own stablecoin after Sept 29.
2022-9-7 18:45 | |
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Circle CEO Jeremy Allaire said Binance’s decision to convert its users’ USD Coin (USDC) holdings to its Binance USD (BUSD)stablecoin is good. The post Circle CEO says Binance decision to stop USDC support is good as it increases utility appeared first on CryptoSlate.
2022-9-7 16:30 | |
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The combined market capitalization of the two largest stablecoins, tether and USD Coin, has begun to fall again, a sign that quantitative tightening in the crypto financial system has resumed.
2022-8-31 14:02 | |
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The Bank of Korea says domestic companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas.
2022-8-30 14:10 | |
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Stablecoin firm Tether said today that it would not freeze Tornado Cash addresses without specific orders from law enforcement. Tether Has Not Received Freeze Orders Tether says it has not...
2022-8-25 00:47 | |
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Stablecoin issuer Tether Holdings has tapped BDO Italia, the Italian branch of accounting firm Binder Dijker Otte, to provide attestation reports.
2022-8-19 15:00 | |
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USDC stablecoin issuer Circle released a statement to clarify its stance after freezing all ETH addresses affected by the United States Treasury Department‘s sanction against Tornado Cash. The post Circle says freezing wallets went against its beliefs on an open internet appeared first on CryptoSlate.
2022-8-9 21:04 | |
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Singaporean authorities are currently reviewing stablecoin legislation in the country in an attempt to better safeguard investors’ funds. This comes at a period when investors are nursing the injuries inflicted by the TerraUSD (UST) crash which saw billions in funds disappear into thin air on a global scale. MAS chairman says the economy is not […]
2022-8-5 16:36 | |
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The legislation that could establish U.S. regulations for stablecoins has formally been delayed until after the August congressional break, according to Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee.
2022-7-28 01:17 | |
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As long as stablecoin “liquidity is growing proportionally with each other," there won’t ever be true competition between stablecoins, says Frax Finance's Sam Kazemian.
2022-7-25 05:41 | |
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Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets in the latest plan for U.S. legislation still being negotiated by leaders of the House Financial Services Committee, according to a source familiar with the talks.
2022-7-21 00:01 | |
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The U.S. company Circle is launching a regulated stablecoin that is pegged to the euro, but what does this mean for the eurozone?
2022-7-20 16:24 | |
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Regulatory spotlight on the crypto sector has increased over the past few months following the unfortunate events around the collapse of the Terra stablecoin and dramatic fall of some major centralised finance (CeFi) companies.
2022-7-19 18:06 | |
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Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.
2022-7-18 16:38 | |
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The European Central Bank (ECB) has called for urgent action in the move to establish effective regulation in the stablecoin market, noting that a lack of such measures could portend risks to financial stability.
2022-7-12 19:03 | |
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A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy.
2022-7-12 13:47 | |
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Brainard says if crypto remains unregulated as it is integrated into the larger financial system, it will bring risks of instability of the type currently being seen.
2022-7-9 23:59 | |
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Tether, the issuer of the world’s largest stablecoin USDT, has reportedly liquidated the loan advanced to struggling crypto lender Celsius. According to the firm, its liquidation of the overcollateralized loan did not result in any losses on its part, and that the loan was indeed a very small portion of its shareholder equity.
2022-7-9 21:36 | |
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Aave has revealed plans to launch a U.S. dollar-pegged stablecoin called GHO, part of an effort to expand revenue and make borrowing on the DeFi protocol "more competitive". The post DeFi Lender Aave Plans to Launch Stablecoin, Says CEO appeared first on BeInCrypto.
2022-7-8 12:00 | |
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New guidance from the New York Department of Financial Services should shake up how stablecoin issuers do attestation and other reporting, says our columnist.
2022-7-7 19:34 | |
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Shiba Inu's major developer apologizes for SHIB Metaverse delay, provides updates on Shibarium & SHI stablecoin
2022-7-6 13:16 | |
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Circle, the company behind USDC, the world's second-largest stablecoin, is in its "strongest financial position" ever, according to CEO Jeremy Allaire. The post USDC Stablecoin-Issuer Circle in ‘Strongest Financial Position’ Ever, Says CEO appeared first on BeInCrypto.
2022-7-3 06:00 | |
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The President’s Working Group on Financial Markets discussed issues that should be addressed by stablecoin legislation in a meeting Thursday.
2022-7-1 21:20 | |
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Paolo Ardoino, CTO of Tether, affirmed today that hedge funds have been attempting to short the USDT stablecoin. CTO Says Funds Failed to Short Tether Ardoino wrote on Jun. 27...
2022-6-28 03:10 | |
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Tether CTO Paolo Ardoino has reiterated the stablecoin issuer’s stance that its operations, products and portfolio is indeed as strong as ever. Ardoino’s comments, shared in a long Twitter thread on Monday, come amid what has been reported as a “coordinated attack” on Tether’s USDT by hedge funds after LUNA/UST’s collapse.
2022-6-28 21:02 | |
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The Federal Reserve views stablecoins as an area of concern due to the recent strain on the digital assets, noting that this has highlighted the “structural fragilities in that rapidly growing sector.
2022-6-22 22:00 | |
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The decoupling of ether (ETH) and Lido Finance’s staked ether (stETH) is not equivalent to the breaking of the link between terraUSD (UST) and the dollar, and isn’t an example of a stablecoin collapse, according to CoinShares.
2022-6-21 13:57 | |
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Lily Zhang told CoinDesk the lending platform's problems were ill-timed following the collapse of the terraUSD stablecoin, and crypto prices could decline further; major altcoins regain ground.
2022-6-16 03:14 | |
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The company behind the failed Terra (LUNA) ecosystem, now dubbed Terra Classic (LUNC), Terraform Labs (TFL) could be behind the collapse of its native algorithmic stablecoin UST. Per a report from CoinDesk Korea, investigators linked the company to the attack that led to UST losing its peg to the U.
2022-6-14 18:21 | |
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After Terra’s algorithmic stablecoin TerraUSD (UST) failed miserably in May, TRON announced a plan to back up its own stablecoin with more capital on Sunday morning. An announcement on Sunday says that USDD, an algorithmically stable coin on the TRON blockchain, will now be overcollateralised.
2022-6-7 17:49 | |
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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.