Could stablecoin volumes overtake Visa this quarter?
[May 5 10:34 PM] Research firm Sacra predicts stablecoins will “eclipse” Visa on total payments volume this quarter, but Visa's head of crypto doesn’t agree.
8 / 22 Relevant items tagged with #Stablecoins
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DeFi lending giant Aave unveils V4 protocol overhaul
[May 1 10:29 PM] Aave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO.
Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again
[Apr 30 1:49 PM] Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to…
USDC Beats USDT In Transaction Volume By Over 400% – Details
[Apr 30 2:50 AM] The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle’s USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to…
Here’s How EU Nations Are Preparing to Enforce MiCA
[Apr 29 12:00 AM] With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation.
Stablecoins Gain Ground as Global Financial Asset
[Apr 26 8:13 PM] According to Chainalysis’ “Crypto Spring Report,” stablecoin adoption and market importance are seeing a rapid increase in 2024, with a significant rise in the number of addresses holding them and their use in on-chain transactions, making them a…
Stripe Brings Back Crypto Payments Via USDC Stablecoin
[Apr 25 12:55 PM] Six years after dropping support for bitcoin and, thus, crypto payments altogether, Stripe is bringing back the service later this summer, though initially only for Circle’s USDC stablecoin.
S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape
[Apr 24 9:31 PM] According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew…
Banks could flood into stablecoins if new bill passes: S&P Global
[Apr 24 8:30 PM] The Lummis-GillibrandPayment Stablecoin Act introduced to the Senate could see big banks encouraged to take steps into the stablecoin market, says S&P Global Ratings.
Tether's Stablecoin Dominance May Wane Following Proposed U.S. Rules: S&P
[Apr 24 9:51 AM] The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said.
The Ever-Dwindling Chances for a Stablecoin Law
[Apr 23 7:30 PM] Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative…
BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements
[Apr 22 9:33 PM] Russian Deputy Foreign Minister Sergey Ryabkov revealed that the BRICS bloc has been considering the use of stablecoins for its common rail payment systems. In an interview with TV BRICS, Ryabkov stated that the use of stablecoins and a connection…
Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash
[Apr 22 11:22 AM] This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various…
Tether Integrates USDT on TON Network, Targets 900 Million Telegram Users
[Apr 21 9:18 PM] Tether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON). With this addition, over 900 million Telegram users can seamlessly transfer digital dollars, without having to type crypto…
New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment
[Apr 20 3:25 PM] A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all…
Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation
[Apr 19 2:28 PM] Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of $160 billion. A significant portion of this growth, exceeding $2 billion, is attributed to…
Sen. Lummis: It'll Pay to 'Choose Circle Over Tether' Under U.S. Stablecoin Proposal
[Apr 18 12:44 PM] Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis (R-Wyo.).
Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins
[Apr 18 5:15 AM] The company has formed four divisions to reflect its broadening focus: Data, Finance, Power and Edu(cation).
U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill
[Apr 17 3:00 AM] U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other…
The Solution for Stablecoin Regulation
[Apr 17 3:00 AM]
Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports
[Apr 16 2:32 PM]
Umoja Partners With Merlin Chain to Launch Bitcoin’s First High-Yield Synthetic Dollar
[Apr 16 6:21 AM] The smart money protocol Umoja has joined forces with the Bitcoin layer two (L2) initiative, Merlin Chain, to roll out a Bitcoin-based high-yield synthetic dollar. The newly introduced stablecoin is engineered to uphold a self-sustaining peg via…
USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up
Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin
Stablecoin Market Expands by $4.46 Billion in 12 Days
[Apr 12 1:37 PM] In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30…
Stablecoins Are Beneficial to U.S. Economy, Tether's Custodian Says
[Apr 11 3:58 AM] Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said.
Celo Adds Tether’s USDT as Gas Currency
[Apr 9 8:28 PM] Celo, a low-fee, usability-focused blockchain, has approved using Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for…
Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins
[Apr 9 6:00 AM] Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said.
Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein
[Apr 9 5:19 AM] Solana is leading the field in blockchain payments, but the network has scalability issues, the report said.
Hong Kong’s ZA Bank to Offer Custody Accounts for Stablecoin Issuers
[Apr 8 11:25 PM] ZA Bank, a virtual bank in Hong Kong, will offer cash custody accounts for institutions that want to issue stablecoins. The organization is in talks with several parties seeking to issue their stablecoins, and this service would be available for…