22 / 29 Relevant items tagged with #stablecoin

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Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product

[Apr 25, 2023 3:03 AM] Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments.

Draft bill suggests separating legislation on payment stablecoins and digital asset markets

[Apr 24, 2023 3:47 PM] The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study.

Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract Issues

[Apr 21, 2023 2:00 PM] According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO…

Lack of regulatory clarity on payment solutions could undermine US sanctions, says expert

[Apr 21, 2023 1:59 PM] Anja Manuel said U.S. sanctions generally work with “responsible” blockchain firms but not when there are fintech solutions available to individuals looking to circumvent them.

Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield

[Apr 20, 2023 2:33 PM] The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.

Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum

[Apr 20, 2023 3:06 AM] EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets.

Societe Generale launches euro-pegged stablecoin on Ethereum

[Apr 20, 2023 1:00 AM] The EURCV stablecoin is only available to institutional investors onboarded by Societe Generale through its KYC and AML procedures.

Lack of stablecoin regulation could push issuers out of US — Austin Campbell

[Apr 19, 2023 2:15 PM] Lawmakers didn’t reach a consensus between political parties on a stablecoin bill, with one witness warning that this lack of regulatory clarity could drive certain projects abroad.

Speakers prepare to tell US House Financial Services Committee about stablecoins

[Apr 18, 2023 3:29 PM] Five experts will testify at a hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” with two of them releasing their scripts in advance.

Israel's Central Bank Outlines Scenarios for Issuing a Digital Shekel

[Apr 18, 2023 2:13 AM] The bank made it clear that no decision has yet been made on issuing a central bank digital currency.

Bank of England preparing for greater role of tokenization in finance, official says

[Apr 17, 2023 3:30 PM] BoE deputy governor Sir Jon Cunliffe looked at stablecoin, CBDC and other forms of tokenization taking hold in the modern economy in a speech on financial innovation.

All eyes are on stablecoins: Law Decoded, April 10–17

[Apr 17, 2023 1:00 PM] A week before a hearing in Congress, the United States gets stablecoin regulatory framework.

Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction

[Apr 17, 2023 12:00 PM] Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins…

Draft U.S. Stablecoin Bill Shows Major Difference Between Stablecoins and CBDCs

[Apr 17, 2023 11:44 AM]

Tether market cap eyes record high after regaining 65% stablecoin dominance

[Apr 17, 2023 9:10 AM] The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle.

Stablecoins Gain Traction as Inflationary Shield in Latin America With Growth in Europe

[Apr 17, 2023 7:31 AM] Despite the recent bear market and the latest banking turbulence, users in Latin America and Europe continue to embrace stablecoins, but in a very different way.

With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

[Apr 16, 2023 8:30 AM] Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data…

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

[Apr 16, 2023 5:30 AM] Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that…

Circle exec to join US Congressional committee hearing on stablecoin payments, legislation

[Apr 16, 2023 1:30 AM] The Financial Services Committee issued a memorandum to announce an upcoming hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.”

U.S. Congress to introduce new draft bill for stablecoins

[Apr 15, 2023 3:00 PM] Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers out of the United States would have to seek registration to operate in the country.

U.S. House Committee Publishes Draft Stablecoin Bill

[Apr 15, 2023 2:07 PM] The stablecoin is the first major piece of crypto legislation in 2023.

TrueUSD's Bitcoin Trading Volume Nears Tether’s on Binance but Traders Hesitate to Use the Token

[Apr 14, 2023 4:26 PM]

Crypto in Europe: Economist breaks down MiCA and future of stablecoins

[Apr 14, 2023 7:34 AM] A principal economist of the European Commission shares his views on stablecoins and the future of regulations in Europe.

Ondo Finance Plans Yield-Generating Stablecoin Alternative for Institutional Investors

[Apr 13, 2023 12:30 PM] The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to…

Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple

[Apr 13, 2023 5:30 AM] Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a…

Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure

[Apr 12, 2023 3:30 PM] According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S…

Stablecoin less preferable form of tokenized money, BIS paper finds

[Apr 11, 2023 3:47 PM] Bearer instruments such as stablecoin harken back to the days of pre-central bank “free banking,” with all the risks that implies, a BIS working paper says.

Ripple, Montenegro sign deal on project for unspecified national digital currency

[Apr 11, 2023 2:00 AM] The deal, teased in January, could create a national digital currency for a country that now uses the euro.

Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar

[Apr 8, 2023 2:30 AM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches…

Int’l securities body IOSCO prepares crypto regulation report for 2023

[Apr 7, 2023 2:11 AM] The International Organization of Securities Commissions shared its vision of stablecoin arrangements, decentralized finance and “finfluencers.“