Pacific Island Group of Palau Starts Stablecoin Trial on XRP Ledger
[Jul 26, 2023 9:37 AM] The country has been distributing PSC (Palau stablecoin) for three weeks and the test will run through August.
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Binance halts trading of FDUSD stablecoin due to ‘technical issues’
[Jul 26, 2023 5:02 AM] Ahead of the launch, Binance said it would offer zero maker fees for all FDUSD trading pairs.
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
[Jul 25, 2023 6:00 PM] The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.
Former CFTC chairman says stablecoins can be a bridge between two worlds
[Jul 25, 2023 5:21 AM] Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility.
3 reasons why Maker (MKR) fundamentals hint at further price upside
[Jul 24, 2023 2:00 PM] MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems
[Jul 24, 2023 2:43 AM] The upcoming FCA meeting is aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments.
Terraform Labs Appoints New CEO While Co-Founder Remains in Jail
Ethena Raises $6.5 Million to Develop an Ethereum-Based, Banking System Independent Stablecoin
[Jul 21, 2023 1:30 AM] Ethena, a protocol that seeks to build a banking system independent stablecoin, has announced that it has raised $6.5 million in its seed round. The round, led by Dragonfly, aims to help issue Ethena’s decentralized stablecoin product in Q3…
US law protects institutions and exposes retail investors — Rep. Torres
[Jul 20, 2023 8:02 AM] New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling.
SEC vs. Ripple: Huge win for crypto
[Jul 19, 2023 9:00 AM] On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses Ripple’s latest win against the SEC and what it means for the crypto market.
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
[Jul 18, 2023 12:26 PM] The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
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)…
Dragonfly, Arthur Hayes Back $6M Round for New Stablecoin, Ethena
[Jul 17, 2023 12:52 PM] The Portugal-based startup also plans to launch a bond token built on the stablecoin platform in the third quarter of 2023.
Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity — Circle exec
[Jul 17, 2023 10:36 AM] Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC: It all looks rosy, he said.
Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?
[Jul 17, 2023 8:30 AM] On-chain data shows the stablecoin exchange deposits have remained low recently. Here’s what this may mean for Bitcoin. Stablecoin Exchange Deposits Stay Low, While Withdrawals Jump As pointed out by an analyst in a CryptoQuant post, the fact…
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.
FSB finalizes its recommendations for a global crypto framework
[Jul 17, 2023 3:37 AM] The Financial Stability Board states that crypto platforms must segregate clients’ digital assets from their own funds and clearly separate functions to avoid conflict of interest.
Stablecoin TrueUSD To Be Fully Controlled By Asian Owner
Stablecoin TrueUSD Owner Techteryx to Take Full Control of Operation
[Jul 14, 2023 5:35 AM] Techteryx assumed "full management full management of all offshore operations and services related to TUSD," on July 13.
Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TUSD Poses Risk: Kaiko
[Jul 13, 2023 10:57 AM] The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
It's Time for a Euro Stablecoin
[Jul 12, 2023 2:14 PM]
Tether CTO Paulo Adoino Explains 1 Billion USDT Issuance
[Jul 12, 2023 2:00 PM] Tether, one of the largest stablecoin issuers, has recently made a significant move in the cryptocurrency market. With the release of an additional 1 billion USDT on the Ethereum and TRON networks, Tether aims to solidify its market dominance and…
European Banking Authority calls for early adoption of stablecoin standards
[Jul 12, 2023 5:55 AM] EBA officials anticipate a surge in stablecoin issuance in the coming months and have urged businesses to use its guiding principles before restrictions are implemented.
China could benefit from yuan stablecoin over its CBDC - Circle CEO
[Jul 11, 2023 5:56 AM] China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency.
BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’
[Jul 10, 2023 3:30 PM] A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money.
Binance US Arbitrage: Social Media Users Say BTC Discount Not Indication of an Opportunity
[Jul 10, 2023 12:00 PM] For several days since Binance US announced the resumption of withdrawals, bitcoin (BTC) has changed hands at a discount and was trading at more than $2,500 below the prevailing market price on July 10. The emergence of a discount on crypto assets…
Circle Considers Issuing Stablecoin in Japan Under New Rules
[Jul 5, 2023 7:18 PM] The issuer of the USD coin is considering introducing a stablecoin in Japan, under the country's new regulatory framework.
Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin
[Jul 4, 2023 3:14 PM] “Issuing a stablecoin pegged to the Hong Kong dollar not only helps to solidify Hong Kong’s leadership in the blockchain sector but also propels the progress of the digital Hong Kong dollar," said the report.
Curve DAO Notches 17% Climb As Native Stablecoin Gains Traction
[Jul 4, 2023 1:03 AM] So far, Curve DAO has been seeing enormous gains at the start of the month as CRVUSD, Curve’s native stablecoin, gains significant traction in users. According to recent data posted by Curve DAO’s official Twitter page, the stablecoin has reached a…