[May 17, 2024 7:47 AM] According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin…
[May 16, 2024 5:17 AM] The Securities and Exchange Board of India submitted a recommendation that several regulators should oversee trade in cryptocurrencies, Reuters reported citing documents.
[May 14, 2024 9:45 AM] Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion's share of protocol revenues back to liquidity providers.
[May 13, 2024 9:42 AM] Elizabeth Stark, CEO of Lightning Labs, stated that tokenized assets, such as stablecoins, are next to appear on top of the lightning network (LN), Bitcoin’s layer two scaling protocol. Stark highlighted the transformative possibilities of…
[May 13, 2024 4:48 AM] Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%.
[May 12, 2024 6:23 AM] Ripple’s CEO, Brad Garlinghouse, has voiced concerns that the U.S. government’s scrutiny of Tether, the foremost issuer of stablecoins by market cap, could notably affect the cryptocurrency environment. His comments come amid…
[May 11, 2024 7:21 AM] Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3%…
[May 10, 2024 11:42 AM] Olaoluwa Osuntokun, co-founder and CTO of Lightning Labs, recently executed the first successful mainnet multi-hop asset payment using Taproot Asset channels, marking a new development in asset transfer capabilities over the Lightning Network…
[May 9, 2024 9:10 PM] Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions…
[May 9, 2024 7:12 AM] Stablecoins like Tether do not offer interest yields right now, but with tokenized fiat, that could be possible one day, co-founder William Quigley said.
[May 9, 2024 4:38 AM] Elizabeth Stark unpacked the basics of Bitcoin Lightning at FT Live’s Crypto and Digital Assets Summit and teased a new development on Bitcoin’s leading layer 2.
[May 8, 2024 8:17 AM] J. Christian Giancarlo has stressed the importance of upholding values of liberty, privacy and economic freedom in a keynote address in London.
[May 8, 2024 5:41 AM] Economic Secretary Bim Afolami said that the government could put through stablecoin and staking legislation in the coming weeks but will outline was is coming later.
[May 7, 2024 1:34 PM] On Tuesday, the crypto payments processor based in Atlanta, Bitpay, revealed its collaboration with Moonpay. The partnership, Bitpay emphasized, enables users to sell bitcoin and other crypto assets directly through the Bitpay app. Bitpay Now…
[May 5, 2024 10:34 PM] Research firm Sacra predicts stablecoins will “eclipse” Visa on total payments volume this quarter, but Visa's head of crypto doesn’t agree.
[Apr 30, 2024 1:49 PM] Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to…
[Apr 30, 2024 2:50 AM] The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle’s USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to…
[Apr 29, 2024 12:00 AM] With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation.
[Apr 26, 2024 8:13 PM] According to Chainalysis’ “Crypto Spring Report,” stablecoin adoption and market importance are seeing a rapid increase in 2024, with a significant rise in the number of addresses holding them and their use in on-chain transactions, making them a…
[Apr 25, 2024 12:55 PM] Six years after dropping support for bitcoin and, thus, crypto payments altogether, Stripe is bringing back the service later this summer, though initially only for Circle’s USDC stablecoin.
[Apr 24, 2024 9:31 PM] According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew…
[Apr 24, 2024 8:30 PM] The Lummis-GillibrandPayment Stablecoin Act introduced to the Senate could see big banks encouraged to take steps into the stablecoin market, says S&P Global Ratings.
[Apr 24, 2024 9:51 AM] The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said.
[Apr 23, 2024 7:30 PM] Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative…
[Apr 22, 2024 9:33 PM] Russian Deputy Foreign Minister Sergey Ryabkov revealed that the BRICS bloc has been considering the use of stablecoins for its common rail payment systems. In an interview with TV BRICS, Ryabkov stated that the use of stablecoins and a connection…
[Apr 22, 2024 11:22 AM] This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various…
[Apr 21, 2024 9:18 PM] Tether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON). With this addition, over 900 million Telegram users can seamlessly transfer digital dollars, without having to type crypto…
[Apr 20, 2024 3:25 PM] A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all…
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