17 / 22 Relevant items tagged with #Stablecoins

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Stablecoins are a critical countermeasure to Operation Chokepoint

[Jun 2, 2023 11:24 AM] Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.

USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum

[Jun 2, 2023 5:30 AM] Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on June 8. The announcement follows Circle’s disclosure of its euro-pegged…

Tether Market Cap Climbs to All-Time High of $83.2B, Even as Stablecoin Market Sinks

[Jun 1, 2023 5:24 PM] USDT has reached a $83.2 billion market capitalization, recovering all its losses since the implosion of blockchain project Terra more than a year ago.

Olive-Oil Producer Issues First Euro-Stablecoin-Denominated Bond on Obligate’s DeFi Platform

[Jun 1, 2023 2:00 AM] The debt sale was the first of its kind for the French sustainable agriculture business.

Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months

[May 31, 2023 8:30 AM] Three months have passed since Paxos made the decision to cease the production of new BUSD tokens, complying with the directive issued by the New York Department of Financial Services (NYDFS). Since February 13, 2023, 10.62 billion BUSD tokens have…

UAE’s Clear Rules and Openness to ‘Experimentation’ Key to Attracting Crypto Firms, Says Ben Caselin of Maskex

[May 26, 2023 3:30 AM] Players in the crypto space are attracted to the United Arab Emirates (UAE) because the region not only has clear rules but is also “open to experimentation,” Ben Caselin, the Vice President and Chief Strategy Officer (CSO) at the…

This bearish technical pattern hints at a double digit drop in Bitcoin price

[May 25, 2023 2:36 PM] Inflation concerns and the U.S. debt standoff cast a long shadow over Bitcoin’s dwindling bullish prospects.

Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices

[May 24, 2023 4:06 PM] The continued contraction of the stablecoin market capitalization suggests that the crypto markets are still in their bear phase, macro analyst Tom Dunleavy said.

Sharks & Whales Accumulate Stablecoins, Why This Could Be Bullish For Bitcoin

[May 24, 2023 6:42 AM] Data shows the sharks and whales of the largest stablecoins have been accumulating, something that may turn out to be bullish for Bitcoin. Sharks & Whales Have Been Loading Up On Stablecoins Recently According to data from the on-chain…

Bitcoin Climbs Past $27.4K but Remains in Holding Pattern as Investors Continue U.S. Debt Limit Vigil

[May 23, 2023 3:52 PM] Ether and most other major altcoins rise slightly, even as stocks drop amid worries about whether U.S. lawmakers will reach an agreement before June 1.

EU Banks Could Access Stablecoins More Easily Under Leaked Plans

[May 23, 2023 9:59 AM] The European Commission's plans could moderate a push from Parliament to discourage crypto holdings as it debates new capital requirements for banks.

Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions 

[May 21, 2023 9:30 AM] From the beginning of this year, the crypto economy has surged by 41.77%, reaching a current market capitalization of $1.17 trillion. However, amidst this growth, the stablecoin economy experienced a substantial loss of $7.3 billion within a span…

Stablecoin issuers have spent over $1.3M lobbying Congress since 2022

[May 18, 2023 11:54 PM] Tether and Circle have been leading lobbying efforts among stablecoin issuers as they push for legislation and regulations for stablecoins.

U.S. Hearing Highlights Stablecoin Rift in Competing House Bills

[May 18, 2023 10:45 AM] U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services…

Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin

[May 17, 2023 11:30 AM] Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession…

Stablecoins Interest Spikes As Traders Look To Exit Market

[May 15, 2023 7:25 AM] Data shows there has been a large spike in interest around stablecoins recently, a sign that investors of Bitcoin and other assets may be looking to exit. Stablecoins Have Observed A Sharp Rise In Social Volume Recently According to data from the…

Binance to Withdraw From Canadian Market Due to Regulatory Climate

[May 12, 2023 10:30 PM] Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the…

House Democrats Consider New Stablecoin Bill Proposal: Source

[May 12, 2023 2:15 PM] House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft.

The US should promote USDC — before it's too late

[May 12, 2023 12:03 PM] USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption.

EU Could Veto Large Stablecoins During MiCA Approval Process, Regulator Signals

[May 11, 2023 4:40 AM] The European Banking Authority doesn’t want private crypto initiatives to threaten monetary policy privileges

Circle reportedly adjusts USDC reserves to avoid US default risk

[May 10, 2023 11:35 PM] The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults.

Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves

[May 10, 2023 10:10 AM] The company’s USDT stablecoin has seen rapid growth this year as the U.S. banking crisis hit rivals.

In the 'Stablecoin Olympics,' No Winner Will Take All

[May 3, 2023 12:42 PM]

TrueUSD's Borrowing Rates Jumped to 100% as TUSD Soared to $1.20: Kaiko

[May 3, 2023 6:12 AM] Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg.

Number of Stablecoins Held on Exchanges Slips to 2-Year Low

[May 2, 2023 4:53 AM] While the stablecoin exchange balance has dropped 44% this year, bitcoin's price has rallied by 70%.

The U.S. Should Lead the Digital Future of Money

[Apr 27, 2023 8:52 AM] In his speech to CoinDesk’s Consensus festival yesterday, the head of the non-profit Digital Dollar Project says a U.S. central bank digital currency is too important to be left to central bankers to design. Money is a social issue requiring…

Stablecoin Reserves Need to Be Diverse, EU Bank Agency Chief Says

[Apr 27, 2023 4:42 AM] The EBA’s José Manuel Campa urged crypto players to start managing risks right away as new norms bed in.

Circle Unveils New Method for Moving USDC Between Blockchains

[Apr 26, 2023 10:39 AM] The cross-chain transfer protocol seeks to improve liquidity of the major crypto payments rail.

USDC Stablecoin Strengthened by U.S. Banking Crisis in March, Circle CEO Says

[Apr 26, 2023 9:25 AM] The stablecoin has upgraded its market infrastructure after losing its peg during the crisis.

Introducing CoinDesk’s ‘Consensus at Consensus’ Project

[Apr 25, 2023 7:59 AM] Intimate group discussions at Consensus 2023 will seek solutions to the crypto industry’s thorniest challenges.