8 / 23 Relevant items tagged with #Stablecoins

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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.

Dubai financial regulator updates crypto token rules for funds

[Jun 3 5:12 AM] The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens.

Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent

[Jun 2 2:20 PM] Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the…

Nigeria’s interest in Bitcoin unfazed by regulatory restrictions

[Jun 2 7:01 AM] Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.

Be persistent with the SEC, says Franklin Templeton digital asset head

[Jun 1 12:28 AM] The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator.

Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui

[May 31 1:36 PM] Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging…

Stablecoin market cap rises to 2-year highs as dominance slides to 6%: CCData

[May 29 4:10 PM] After eight consecutive months of ascent, the stablecoin market capitalization has risen to a 24-month high of $161 billion in May.

Nomura, Laser Digital and GMO Internet Partner to Explore the Issuance of Stablecoins in Japan

[May 28 11:36 PM] Nomura, a global financial services group, Laser Digital, a digital asset-based business, and GMO Internet, the parent company of stablecoin issuer GMO-Z, have partnered to explore the issuance of U.S. dollar and yen based stablecoins in Japan. The…

South African Central Bank Opts Against Publishing CBDC Study Findings

[May 28 9:38 PM] The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study…

Uniswap reveals assets ahead of fee mechanism vote

[May 26 7:26 AM] During the first quarter, the foundation committed $4.34 million in new grants and disbursed $2.79 million in previously committed grants.

Xapo CEO Seamus Rocca Describes Xapos’ Proposition, Talks US Regulation, Emerging Markets, and Stablecoins

[May 25 11:57 AM] Seamus Rocca, CEO of Xapo, had a candid conversation with Bitcoin.com’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and…

Can stablecoins save US freelancers from Venmo fee hike? Industry weighs in

[May 24 5:22 AM] According to Dan Romero, as Venmo introduces higher fees, stablecoins could emerge as a potential lifeline for 1099 workers.

Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto

[May 23 6:00 AM] Non-empty wallets for stablecoins such as Circle’s USDC and Tether’s USDT have been on the rise for a while now as crypto prices have recovered since the start of the year. This has come to a head as the non-empty wallets have grown double-digits…

UK Sets July 4 Date for Election Likely to Oust Conservative Party, Spelling Uncertainty for Crypto Hub Plans

[May 22 10:18 AM] The Labour Party has been silent on crypto, but said it is interested in promoting tokenization in the country.

Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield

[May 21 10:50 AM] On May 21, 2024, Hex Trust Group announced the introduction of a native stablecoin, USDX, for the Flare network. Hex Trust also revealed that a Clearpool vault, enabling holders to earn a real-world yield, will debut alongside USDX. Hex…

Central Bank of Brazil Aims to Finalize Crypto Regulations This Year

[May 21 5:20 AM] The Central Bank of Brazil outlined its crypto regulation calendar, defining a three-phase process for finalizing these tasks in 2024. The bank aims to consult market actors regarding VASPs, establish plans to regulate stablecoins and finalize the…

Synthetix Stablecoin SUSD Drops Below $1 Parity, Struggles to Rebound

[May 17 7:47 AM] According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin…

India's Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters

[May 16 5:17 AM] The Securities and Exchange Board of India submitted a recommendation that several regulators should oversee trade in cryptocurrencies, Reuters reported citing documents.

DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper

[May 14 9:45 AM] Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion's share of protocol revenues back to liquidity providers.

Lightning Labs CEO Elizabeth Stark States Stablecoins Are Coming to the Lightning Network

[May 13 9:42 AM] Elizabeth Stark, CEO of Lightning Labs, stated that tokenized assets, such as stablecoins, are next to appear on top of the lightning network (LN), Bitcoin’s layer two scaling protocol. Stark highlighted the transformative possibilities of…

Stablecoin Expansion Stalls Ahead of U.S. Inflation Data

[May 13 4:48 AM] Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%.

US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns

[May 12 6:23 AM] Ripple’s CEO, Brad Garlinghouse, has voiced concerns that the U.S. government’s scrutiny of Tether, the foremost issuer of stablecoins by market cap, could notably affect the cryptocurrency environment. His comments come amid…

Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth

[May 11 7:21 AM] Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3%…

Interpol Nigeria boosts cybersecurity with virtual asset training

[May 11 6:22 AM] The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.

Lightning Labs CTO Conducts First Mainnet Multi-Hop Asset Payment via Taproot Asset Channels

[May 10 11:42 AM] Olaoluwa Osuntokun, co-founder and CTO of Lightning Labs, recently executed the first successful mainnet multi-hop asset payment using Taproot Asset channels, marking a new development in asset transfer capabilities over the Lightning Network…

Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency

[May 9 9:10 PM] Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions…