Basel Committee finalizes crypto exposure rules for banks
[Jul 3 3:40 PM] The committee is unveiling the standards later in July, culminating a yearslong process.
6 / 22 Relevant items tagged with #Stablecoins
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Orbital Analysis: Emerging Markets Overwhelmingly Embrace USDT Payments on TRON
[Jul 3 2:55 AM] Orbital, a provider of blockchain-based payments, has published a blog post highlighting the importance of USDT payments on TRON in emerging markets. The company processes millions of on-chain transactions each year, valued in the billions of…
Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning
[Jul 2 11:32 AM] Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from…
Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody
[Jul 2 3:39 AM] The Monetary Authority of Singapore released its stablecoin framework last year.
Circle’s Stablecoins Now MiCA Compliant
[Jul 1 7:20 PM] Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also…
Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules
[Jul 1 9:00 AM] Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.
Stablecoin Market Remains Steady in June Amidst Crypto Volatility
[Jun 30 10:01 AM] While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply…
Nigeria urged to adopt crypto regulations inspired by Europe
[Jun 30 6:43 AM] Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity.
U.K.'s Next Government Must Act Fast to Regulate (and Retain) Crypto Firms
[Jun 27 10:26 AM] The likely victorious Labour party has taken no stance on digital assets. This needs to change quickly, writes Laura Navaratnam of the Crypto Council for Innovation.
EU's Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time
[Jun 27 7:41 AM] The European Banking Authority told CoinDesk it intends to publish a final report on how it will monitor stablecoin issuers by the end of the month.
MiCA laws come into effect in Europe — Here’s what you need to know
[Jun 27 7:20 AM] The EU's Markets in Crypto-Assets Regulation (MiCA) introduces new rules for the cryptocurrency industry, which will affect stablecoins and crypto asset service providers.
Sui expands custody with Copper to attract institutional finance
[Jun 26 6:00 AM] The two-year-old layer-1 blockchain is teaming up with the digital assets financial services provider to create new infrastructure options.
Kaiko Research: Latam Crypto Traders Prefer Stablecoins Over Bitcoin
[Jun 24 2:21 PM] Kaiko, a leading cryptocurrency market data analytics firm, has found that cryptocurrency users in Latin America prefer stablecoins over bitcoin. In its most recent Latam market report, issued in June, Kaiko determined that 40% of the trading…
Hong Kong invites global opinions on web3 and virtual assets future
[Jun 22 6:35 AM] The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks.
Tron’s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa
Cantor Fitzgerald CEO Props up Stablecoins in the Fight for US Dollar Hegemony
[Jun 21 10:18 PM] Howard Lutnick, CEO of financial services company Cantor Fitzgerald, highlighted the value of stablecoins in the fight to maintain the hegemony of the U.S. dollar. Lutnick stated that fully redeemable stablecoins allowed citizens in emerging…
Circle CEO Shares ‘Super Bullish’ Stance and Unprecedented Optimism on Crypto
[Jun 20 5:16 PM] Circle CEO Jeremy Allaire has expressed unprecedented optimism about the future of crypto, highlighting its transformative potential. “I have been building Circle for over 11 years, and at no time have I been more optimistic than right…
Stablecoin Transfer Volumes Increase Tenfold in 4 Years, Reaching $1 Trillion Monthly
[Jun 20 10:30 AM] According to statistics from Token Terminal, monthly stablecoin transfer volumes have multiplied ten times over the past four years, increasing from $100 billion to $1 trillion per month. Data Highlights Explosive Growth in Monthly Stablecoin…
Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance
[Jun 20 8:30 AM] This month, several cryptocurrency exchanges are delisting certain stablecoins to align with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which establish more stringent rules for fiat-backed and algorithmic stablecoins…
Tether and Taipei University boost blockchain and digital asset education
[Jun 20 5:59 AM] Tether partners with Taipei University to advance blockchain and digital asset education, aiming to equip students with essential knowledge and skills.
Stablecoin Issuers Now 18th Largest Holder of U.S. Debt
[Jun 20 5:46 AM] Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow.
Ripple Working With 10 Governments Globally, CEO Reveals in Rediscovered Interview
[Jun 18 6:28 PM] In a resurfaced video clip, Ripple CEO Brad Garlinghouse stated that his crypto firm is collaborating with around 10 governments globally on central bank digital currencies (CBDCs). “A central bank digital currency is a stablecoin…
Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
[Jun 17 2:55 AM] The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies.
Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence
[Jun 16 4:08 PM] Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed…
Salvadoran Government Introduces Bitcoin Banking Law Reform
[Jun 16 11:44 AM] The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to…
BIS Survey: 94% of Central Banks Exploring Digital Currency
[Jun 14 9:35 PM] The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies…
Australia's Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC's Warning For Crypto Entities
[Jun 13 5:06 AM] Australia's regulators have provided rare updates on their plans for the digital assets sector, including plans to introduce a draft framework for stablecoins and hinted that more enforcement is on its way against unlicensed entities during an…
Rune Christensen Explains Why He Wants to Remake Maker and Kill DAI
[Jun 7 12:26 PM] The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.
U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan
[Jun 6 7:35 AM] Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
Binance prepares for MiCA rules, updates stablecoin strategy
[Jun 3 2:54 PM] Binance will ease European users’ transition from unauthorized to regulated stablecoins with a “sell-only” strategy.