Colombian Peso Stablecoin Goes Live on Polygon, Aiming for $10B Remittances Market
[Aug 24, 2023 2:28 PM] Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies.
17 / 24 Relevant items tagged with #Stablecoins
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Terra Luna Classic Price Near-Term Advance – Will LUNC Climb 25%?
[Aug 24, 2023 8:05 AM] Terra Luna Classic (LUNC) has embarked on a six-month journey marked by a consistent downtrend, largely influenced by the gravitational pull of a so-called descending channel pattern. This pattern, characterized by successive lower highs and lows…
Shopify Customers Can Now Pay In USDC Via Solana Pay
[Aug 23, 2023 2:23 PM] Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday.
Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains
[Aug 21, 2023 2:07 PM] The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.
Latam Insights — Javier Milei’s Victory Divides Argentina; Bitso Launches Cross-Border Institutional Payment Service
Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume
[Aug 18, 2023 12:00 PM] For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects. Yet…
Argentines Flock to Stablecoins Amidst Record Devaluation Numbers
[Aug 18, 2023 12:00 AM] Argentines are flocking to purchase stablecoins to protect their savings as the peso loses value. Local cryptocurrency sources reported an increase of up to 500% in the crypto volumes moved, mostly in stablecoins like USDT, to shield incomes…
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.
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…