DeFi Protocol Curve Finance Deploys Native Stablecoin on Ethereum Mainnet
[May 3, 2023 2:59 PM] The deployment marks a major milestone for the public release of Curve’s highly anticipated native stablecoin.
23 / 30 Relevant items tagged with #StableCoin
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Digitalization won’t displace commercial bank money any time soon: Moody’s
[May 3, 2023 2:21 PM] Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency said.
Can CBDCs, Tokenized Deposits, Stablecoins and DeFi Coexist?
[May 3, 2023 8:20 AM] Modern payments tools may eventually compete with banks. But is there a place for tokenized bank deposits and central bank digital currencies in DeFi?
Industry heavyweights respond to UK’s crypto asset regulatory framework proposal
[May 1, 2023 3:33 PM] HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily welcomed.
Microstrategy Founder Michael Saylor to Argentines: ‘You Need Bitcoin’ — Critics Insist BTC Is Too Volatile
Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account
[Apr 27, 2023 8:00 AM] In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do…
Bahamas securities watchdog presents comprehensive new draft digital assets act
[Apr 26, 2023 1:15 PM] After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul.
South Korea’s sweeping crypto bill passes first regulatory hurdles
[Apr 26, 2023 12:20 PM] Legislators in South Korea passed a first-phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations.
NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access
[Apr 25, 2023 6:10 PM] Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules.
Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product
[Apr 25, 2023 3:03 AM] Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments.
Draft bill suggests separating legislation on payment stablecoins and digital asset markets
[Apr 24, 2023 3:47 PM] The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study.
Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract Issues
[Apr 21, 2023 2:00 PM] According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO…
Lack of regulatory clarity on payment solutions could undermine US sanctions, says expert
[Apr 21, 2023 1:59 PM] Anja Manuel said U.S. sanctions generally work with “responsible” blockchain firms but not when there are fintech solutions available to individuals looking to circumvent them.
Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield
[Apr 20, 2023 2:33 PM] The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.
Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum
[Apr 20, 2023 3:06 AM] EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets.
Societe Generale launches euro-pegged stablecoin on Ethereum
[Apr 20, 2023 1:00 AM] The EURCV stablecoin is only available to institutional investors onboarded by Societe Generale through its KYC and AML procedures.
Lack of stablecoin regulation could push issuers out of US — Austin Campbell
[Apr 19, 2023 2:15 PM] Lawmakers didn’t reach a consensus between political parties on a stablecoin bill, with one witness warning that this lack of regulatory clarity could drive certain projects abroad.
Speakers prepare to tell US House Financial Services Committee about stablecoins
[Apr 18, 2023 3:29 PM] Five experts will testify at a hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” with two of them releasing their scripts in advance.
Israel's Central Bank Outlines Scenarios for Issuing a Digital Shekel
[Apr 18, 2023 2:13 AM] The bank made it clear that no decision has yet been made on issuing a central bank digital currency.
Bank of England preparing for greater role of tokenization in finance, official says
[Apr 17, 2023 3:30 PM] BoE deputy governor Sir Jon Cunliffe looked at stablecoin, CBDC and other forms of tokenization taking hold in the modern economy in a speech on financial innovation.
All eyes are on stablecoins: Law Decoded, April 10–17
[Apr 17, 2023 1:00 PM] A week before a hearing in Congress, the United States gets stablecoin regulatory framework.
Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction
[Apr 17, 2023 12:00 PM] Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins…
Draft U.S. Stablecoin Bill Shows Major Difference Between Stablecoins and CBDCs
[Apr 17, 2023 11:44 AM]
Tether market cap eyes record high after regaining 65% stablecoin dominance
[Apr 17, 2023 9:10 AM] The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle.
Stablecoins Gain Traction as Inflationary Shield in Latin America With Growth in Europe
[Apr 17, 2023 7:31 AM] Despite the recent bear market and the latest banking turbulence, users in Latin America and Europe continue to embrace stablecoins, but in a very different way.
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
[Apr 16, 2023 8:30 AM] Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data…
Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils
[Apr 16, 2023 5:30 AM] Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that…
Circle exec to join US Congressional committee hearing on stablecoin payments, legislation
[Apr 16, 2023 1:30 AM] The Financial Services Committee issued a memorandum to announce an upcoming hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.”
U.S. Congress to introduce new draft bill for stablecoins
[Apr 15, 2023 3:00 PM] Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers out of the United States would have to seek registration to operate in the country.
U.S. House Committee Publishes Draft Stablecoin Bill
[Apr 15, 2023 2:07 PM] The stablecoin is the first major piece of crypto legislation in 2023.