15 / 30 Relevant items tagged with #stablecoin

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Terraform co-founder Shin blames protocol for collapse during trial in S. Korea

[Oct 30, 2023 1:24 PM] Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and that he had nothing to do with it.

UK publishes plans for stablecoins regulation

[Oct 30, 2023 5:57 AM] Non-fiat-backed stablecoins will not be allowed into regulated payment chains.

Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions

[Oct 29, 2023 12:42 PM] USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023.

Fed, BOE officials share continuing interest in CBDCs, stablecoin regulation

[Oct 27, 2023 11:14 AM] Sir Jon Cunliffe looks at payment solutions of the past and future in his last speech as deputy governor of the BOE.

PYUSD Supply Skyrockets by 49%, Marking a Shift in Distribution as New Holders Emerge

[Oct 25, 2023 7:30 AM] According to current metrics, Paypal’s stablecoin PYUSD has increased its supply by more than 49% since the end of September, rising from 94.39 million to 140.86 million. Moreover, the number of PYUSD holders has risen by 55% since September…

Stablecoin market escaping US regulatory oversight: Chainalysis

[Oct 24, 2023 2:14 AM] Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis.

Tether Will Publish Reserve Data in Real Time in 2024: Report

[Oct 20, 2023 4:57 AM] Stablecoin issuer Tether will publish real time data on the reserves backing USDT, the industry's largest dollar-pegged stablecoin, according to a Bloomberg report.

U.S. Risks Unleashing Second 'Eurodollar' Market if It Dallies on Stablecoin Regulation

[Oct 19, 2023 2:23 PM]

Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better

[Oct 17, 2023 12:24 PM] Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated.

Binance.US asks users to convert USD into stablecoins for withdrawals

[Oct 17, 2023 8:08 AM] Binance.US users “may convert” their U.S. dollar holdings to stablecoins or other digital assets to withdraw the funds from their accounts, the firm said.

Canada central bank assesses innovations and challenges of DeFi

[Oct 17, 2023 3:49 AM] The staff note suggested that, although the DeFi ecosystem brings a ton of innovations in the financial sector, the regulatory challenges and vulnerability limit its potential use in traditional finance.

TrueCoin’s third-party vendor breach potentially leaks TUSD user data

[Oct 17, 2023 1:06 AM] TrueCoin’s internal systems were not impacted or accessed, and the company confirmed that the attack was an isolated incident and limited to a third-party vendor.

Tether freezes $873K USDT linked to terrorist activity in Ukraine, Israel

[Oct 16, 2023 7:05 AM] The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine.

Stablecoin Lender Liquity’s Token Gains 80% in Month as Activity Increases

[Oct 13, 2023 1:22 PM]

Tether stablecoin firm appoints CTO Paolo Ardoino as CEO

[Oct 13, 2023 6:00 AM] The change in leadership at Tether reflects its commitment to actively exploring new business operations, the company said.

Trader Loses $107,000 To MEV Bot Panic Selling Obscure Stablecoin

[Oct 12, 2023 8:00 PM] Lookonchain, a blockchain tracking platform, now reveals that one stablecoin holder lost over $100,000 after panic selling USDR, a stablecoin issued on the Polygon network, for zero USDC after it depegged on October 11. The stablecoin holder…

Japanese yen-backed digital currency, DCJPY, to go live in July 2024

[Oct 12, 2023 2:37 AM] Digital currency and electronic payments business DeCurret Holdings intends to launch the coin in July 2024.

USDR stablecoin depegs to $0.53, but team vows to provide solutions

[Oct 11, 2023 5:44 PM] Real-estate-backed stablecoin USDR fell to $0.53 per coin on Oct. 11, but the team said it was merely a liquidity issue and that real estate holdings and digital assets will be used to support redemptions.

Tether Continues To Flow Into Exchanges: Why This Is Bullish For Bitcoin

[Oct 10, 2023 1:00 PM] Tether (USDT) has continued to move into exchanges recently. Here’s why this can be a positive development for Bitcoin. Tether Supply On Exchanges Is Now Highest In 7 Months According to data from the on-chain analytics firm Santiment, $9.99…

Circle rolls out native USDC tokens on Polygon

[Oct 10, 2023 8:01 AM] Circle taps into Ethereum layer 2 Polygon to provide USDC liquidity directly on the proof-of-stake scaling protocol.

Retail stablecoin trading in Hong Kong not allowed yet, official says

[Oct 6, 2023 4:12 AM] Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024.

Crypto Investor Buying Power Just Reached A 6-Month High, What This Means

[Oct 4, 2023 5:00 PM] For the crypto market to fully enter another epic bull run, investors must be willing to purchase digital assets in large quantities. After a long stretch of abysmal performance, it looks like crypto investors are finally starting to believe in the…

Dirham stablecoin DRAM hits Uniswap, developed by relaunched Distributed Technologies Research

[Oct 3, 2023 6:50 AM] Distributed Technologies Research has launched DRAM, a Dirham-backed stablecoin that aims to tap into the performance of the United Arab Emirates fiat currency.

Tether treasury receives two $50M USDT lump sums from Bitfinex

[Oct 2, 2023 8:03 AM] Two transactions showed lump sums of $50 million in USDT transferred from Bitfinex to the Tether treasury only a few minutes apart.

Report: Hacked Nigerian Crypto Exchange Raises Capital for User Reimbursements

[Oct 1, 2023 2:00 AM] The recently hacked Nigerian gift card and crypto exchange platform Patricia said on Sept. 29 that it had raised money to refund users. Some users have reportedly grown impatient with the crypto exchange and are weighing their legal options…

Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin

[Sep 30, 2023 4:30 AM] Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already…

Paradigm accuses SEC of bypassing rules in Binance lawsuit

[Sep 30, 2023 12:41 AM] Paradigm claimed the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process.

US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’

[Sep 26, 2023 11:30 AM] The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings.

Why Binance and Banking Giant MUFG Want to Issue Stablecoins in Japan

[Sep 26, 2023 9:58 AM] Binance Japan and Mitsubishi UFJ bank want to help with the country's Web3 ambitions by issuing stablecoins.

Circle's Euro-Pegged Stablecoin Is Now Available on Stellar Network

[Sep 26, 2023 9:45 AM] With expanding EURC stablecoin to Stellar, Circle expects to boost European remittance channels, cross-border payments, treasury management and aid disbursement.