Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users
[Aug 17, 2023 1:28 PM] The exchange expanded its services in Canada earlier this week.
16 / 23 Relevant items tagged with #Stablecoins
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Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens
[Aug 16, 2023 3:30 AM] The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated”…
Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’
[Aug 11, 2023 11:30 PM] Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article…
Singapore Red Cross Says It Now Accepts Crypto Donations
[Aug 10, 2023 5:30 AM] Well-wishers who want to financially support the Singapore Red Cross can now do so via crypto donations. All donations are converted into fiat currency within 24 hours after the donation has been made. Benjamin William said his organization has…
Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin
[Aug 9, 2023 10:52 AM] The top Democrat on the House Financial Service Committee criticized PayPal’s plans in a statement on Wednesday.
Maple Finance's Tokenized Treasuries Available to U.S. Investors After Securities Exemption
[Aug 9, 2023 6:00 AM] The platform's cash management facility has grown to $22 million in assets under management since opened in April.
House Financial Services Committee Advances Clarity for Payment Stablecoins Act
[Aug 9, 2023 5:30 AM] On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S…
Stablecoin Market to Grow to Almost $3T in Next 5 Years: Bernstein
[Aug 9, 2023 3:33 AM] Major global financial and consumer platforms are expected to issue co-branded stablecoins resulting in significant growth for these cryptocurrencies, the report said.
PayPal’s New Stablecoin and the ‘2 Wolves’ Inside Crypto
[Aug 8, 2023 11:45 AM]
Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD
[Aug 8, 2023 8:43 AM] Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday.
Circle CEO: 70% of USDC adoption comes from outside the US
[Aug 7, 2023 10:50 PM] Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing.
PayPal’s Regulated Stablecoin Is a ‘Watershed Moment’ in Crypto Space, Says Partner Paxos
[Aug 7, 2023 1:57 PM] “The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert.
BREAKING: Did Solana Miss A Golden Opportunity To Collaborate With PayPal’s PYUSD Stablecoin?
[Aug 7, 2023 10:36 AM] Reports indicate that PayPal’s stablecoin, PYUSD, was originally intended to be launched in collaboration with FTX on the Solana blockchain in 2022. However, unforeseen circumstances led to a sudden suspension of these plans. The…
Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
[Aug 7, 2023 8:00 AM] In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its…
Stablecoins: A Potential Counter to De-Dollarization
[Aug 3, 2023 7:44 AM] Demand for greenbacks in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency could erode the U.S. dollar's overall dominance.
GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut
Is Another Bitcoin Rally Coming Soon? This Pattern May Say So
[Jul 31, 2023 7:40 AM] On-chain data shows a pattern in the stablecoin shark and whale holdings that may suggest the Bitcoin rally could make a return in the near future. Stablecoin Sharks & Whales Have Been Accumulating Recently According to data from the on-chain…
Bitcoin Rally May Not Resume Until This Happens
[Jul 28, 2023 9:00 AM] Bitcoin has continued to stagnate recently as another recovery move has failed to prosper. So here’s an indicator that may hint when a break could happen. Bitcoin Rally May Not Resume Until The Stablecoin Market Cap Goes Up Around the start…
US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’
[Jul 28, 2023 8:00 AM] The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of…
Ripple and Palau Announce CBDC Stablecoin Pilot Program
[Jul 27, 2023 10:00 PM] Palau, an insular nation in the Philippines Sea, has partnered with Ripple, announcing a limited pilot for its own U.S. dollar-pegged stablecoin issued using XRP technology. According to Jay Hunter Anson, a member of the board of directors of…
'Historic week' as stablecoin, self-custody bills advance to House floor
[Jul 27, 2023 9:51 PM] The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets.
U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House
[Jul 27, 2023 8:00 PM] House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick…
Will Bitcoin Rebound? This Metric May Be The One To Watch
[Jul 25, 2023 7:30 AM] The on-chain analytics firm Santiment suggests that this indicator may be the one to watch to get hints about when Bitcoin might rebound. Large Stablecoin Holders Have Seen Stagnant Supply Recently According to Santiment, the movements of the…
EU Stablecoin Issuers With Bank Assets in Reserve Will Get Extra Regulation, EBA Draft Says
[Jul 24, 2023 11:18 AM] The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements
Blackrock Bitcoin ETF Filing Announcement Propelled BTC in Q2 — Study
[Jul 20, 2023 3:30 AM] According to the latest Coingecko report, during the second quarter (Q2) of 2023, the U.S. dollar value of BTC grew by nearly 7% while that of the entire crypto market capitalization only went up by 0.14%. In contrast, BTC’s average daily…
Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly
[Jul 19, 2023 10:53 AM] Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD.
USDC Market Cap Drops As Redemptions Climb To $1.4 Billion
[Jul 17, 2023 7:00 PM] As one of the biggest stablecoins, USDC is one of the major players in the crypto industry. However, the stablecoins have seen better days, as the stablecoin has seen its market cap drop drastically over the past few months. The second-largest…
Aave Launches GHO Stablecoin on Ethereum Network
[Jul 17, 2023 1:30 PM] Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3)…
Gnosis Lets Crypto Users Make Everyday Purchases From Wallets With Visa
[Jul 17, 2023 4:00 AM] The crypto-based debit card will allow web3 users to use their stablecoins to pay for products in everyday life.
USTC Surprises With Nearly 60% Rally – What’s Going On?
[Jul 17, 2023 12:22 AM] The value and popularity of TerraUSD Classic, or USTC, the algorithmic stablecoin of the Terra Classic (LUNC) ecosystem, have skyrocketed recently. Today, the stablecoin makes a surprise rally, sparking a great deal of interest among investors and…