11 / 23 Relevant items tagged with #Stablecoins

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Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%

[Mar 3 3:30 PM] The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five…

Finance Protocol Usual Introduces Stablecoin Backed by Real-World Assets

[Feb 28 8:00 AM] Profits are redistributed to the community by rewarding token holders with yields.

Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and Stablecoins

[Feb 28 6:30 AM] The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although this partnership marks a…

Stablecoin USDC Is Making a Comeback: Coinbase

[Feb 27 5:22 AM] Total market cap of the dollar-linked coin has increased faster than larger rival USDT's in recent months.

Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players

[Feb 24 11:30 AM] In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days…

South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases

[Feb 22 4:37 AM] The Intergovernmental Fintech Working Group is also considering the impact of tokenization on domestic markets.

Hong Kong Doubles Down on Stablecoin, OTC Rules Promise

[Feb 21 6:43 AM] Public consultations on stablecoins and over-the-counter trading are already in progress.

Former NFL Star Russell Okung’s Crypto Adoption Comments Ignite Bitcoin vs. Stablecoins Debate

[Feb 20 6:00 PM] Comments on Lightning Network adoption, made by Russell Okung, a former NFL star who is among the first to receive part of his salary in crypto, sparked a discussion that highlighted the opposing opinions of the crypto community about the usage of…

UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg

[Feb 20 12:55 AM] UK Economic Secretary to the Treasury Bim Afolami has said the UK government was "pushing very hard" to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report.

U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan

[Feb 16 3:06 AM] USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.

U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength

[Feb 15 2:20 PM] Crypto critics often warn of digital currencies' potential to destabilize the U.S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins' dependence on the dollar could actually strengthen the U.S. fiat currency as…

Stablecoins Are the ‘Biggest Misnomers’ and ‘Oxymorons’ Says New Zealand Central Bank Governor

[Feb 15 3:30 AM] The New Zealand Central Bank governor, Adrian Orr, recently branded stablecoins “the biggest misnomers” and “oxymorons.” Orr also rejected the notion that cryptocurrencies could serve as a replacement or supplement to…

Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress

[Feb 14 11:30 PM] Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed…

Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth

[Feb 14 1:30 PM] Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their…

Bitso Reveals Latam Is Bitcoin Territory With a Stablecoin Frenzy in Argentina

[Feb 13 2:00 AM] Bitso, a Mexico-based cryptocurrency exchange with a presence in several countries of Latin America, has revealed the trends that its user base followed during 2023. Bitso Argentina CEO Julian Colombo disclosed that while Bitcoin was still the most…

New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report

[Feb 11 11:45 PM] The country's Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it.

UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say

[Feb 9 4:00 AM] Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.

Diversifying Stability: Stablecoins Finding Home Beyond the Greenback

[Feb 7 11:01 AM] Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.

The Big Misunderstanding: What MiCA Really Means for Stablecoins in Europe

[Feb 6 12:32 PM] The EU's comprehensive crypto guidance does not introduce entirely new regulations for fiat backed stablecoins, former central banker Jón Egilsson writes. Instead it affirms existing rules that many current issuers are not yet following.

Treasury Secretary Yellen Says U.S. Needs Better Stablecoin Regulation

[Feb 6 10:37 AM] "A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset," she told lawmakers on Tuesday.

JPMorgan Warns of Increased Risk for Crypto Market Due to Tether’s ‘Lack of Regulatory Compliance and Transparency’

[Feb 5 8:30 PM] JPMorgan has warned of increased risk for the crypto market resulting from Tether’s “lack of regulatory compliance and transparency.” The global investment bank’s analysts explained that other stablecoin issuers that…

Treasury Secretary Janet Yellen Warns of Crypto Risks

[Feb 5 4:56 PM] U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief…

Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says

[Feb 5 4:56 AM] Other stablecoins such as USD Coin may benefit from the coming regulatory crackdown and gain market share, the report said.

Bluechip Gives Synthetix and Beanstalk Stablecoins F Grades; Tokens Added to the ‘Red Flag List’

[Feb 2 12:30 PM] On Feb. 1, 2024, the independent, nonprofit stablecoin assessment entity Bluechip made a noteworthy declaration. They officially bestowed an F grade upon Synthetix’s fiat tokens SUSD and SEUR, alongside Beanstalk’s dollar-pegged asset…

Stablecoins Surge: USDT Leads $400 Million Inflows, Signaling Investor Confidence

[Feb 1 9:00 AM] The cryptocurrency industry has witnessed a significant change in the movement of stablecoins, offering valuable observations into the evolving dynamics of the market. Recent data from IntoTheBlock and CryptoQuant has shown a surge in stablecoin…

Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap

[Jan 31 10:07 AM] The USDT stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.

Stablecoin Market Cap Climbs $4.85 Billion in 30 Days; USDT, USDC, FDUSD Spearhead Growth

[Jan 31 8:30 AM] In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in…

Bitcoin Rally Still Has Some Legs Left, Santiment Explains Why

[Jan 30 9:00 AM] The analytics firm Santiment has explained that the current Bitcoin rally could still have some legs left, based on this on-chain trend. Bitcoin & Ethereum Leave Exchanges, While Tether Sees Deposits In a new post on X, Santiment has discussed…

Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities

[Jan 30 8:11 AM] Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.

A Backdoor Regulatory Option Haunts U.S. Crypto

[Jan 29 7:00 AM] After the 2008 global financial meltdown, Congress set up a round table of regulators who could wield a unique tool against the next emerging threats. The Financial Stability Oversight Council (FSOC) can tag companies with systemic-risk labels that…