Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum
[Jul 11, 2023 5:13 AM] GHO has been in the works for over a year and was issued on a testnet earlier this year.
18 / 24 Relevant items tagged with #stablecoins
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China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says
[Jul 11, 2023 12:08 AM] Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.
Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’
[Jul 7, 2023 5:30 AM] Bitwage, a cryptocurrency payroll company, has announced it will remove USDC-based payments for U.S. residents. In an email sent to U.S.-based customers, Bitwage explains removing the second-largest stablecoin by market cap from its platform is…
Stablecoins Volume Down Despite Crypto Market Recovery, Ratings Agency Finds
[Jul 5, 2023 2:50 AM] Stablecoins, the digital assets designed to maintain a stable value, have long been viewed as a potential bridge between the cryptocurrency world and the traditional financial industry. However, recent developments have cast a shadow of uncertainty…
USDC Circulating Supply Down 38% Since Jan. 1 – Will It Affect Price?
[Jul 4, 2023 4:50 AM] USDC experienced a notable decrease in its circulating supply during the weekend, causing ripples of concern within the cryptocurrency market. According to data from CoinGecko, the stablecoin’s circulating supply dwindled by over 2%, falling…
Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June
[Jul 2, 2023 3:30 PM] The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token…
Stablecoin Cap Shows Early Sign Of Reversal, Why This Could Benefit Bitcoin
[Jun 29, 2023 6:00 AM] Data shows the stablecoin market cap has returned toward equilibrium and may be gearing up for a reversal. Here’s how Bitcoin could benefit from this. Aggregate Stablecoin Market Cap Change Has Returned To Equilibrium According to data from…
Will $30K be a new springboard for Bitcoin bulls?
[Jun 27, 2023 2:30 AM] Bitcoin margin and futures markets display strength as institutional appetite surges after multiple spot ETF requests.
Circle CEO Jeremy Allaire: ‘Other Governments Are Regulating Digital Dollars Before the US’
[Jun 26, 2023 5:30 AM] Jeremy Allaire, CEO of Circle, the company behind the issuance of usd coin (USDC), has expressed his worries about the state of stablecoin regulation in the U.S. In a congressional hearing, Allaire stated that other governments were already…
Crypto Market Rises by $30B in 48 Hours — Bitcoin Cash Leads With 88% Weekly Gain
[Jun 25, 2023 8:30 AM] On Sunday, June 25, the cryptocurrency market experienced a modest increase in value, climbing from $1.21 trillion two days prior to its current value of $1.24 trillion. Bitcoin has surged 15% in the past week, while ethereum has risen over 10%…
Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing U.S. Stablecoins
[Jun 21, 2023 9:22 AM] Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.
Stablecoins, DeFi Likely to Be SEC’s Next Targets in U.S. Crypto Crackdown: Berenberg
[Jun 21, 2023 1:32 AM] If USD Coin is targeted by regulators, the impact on Coinbase revenue could be significant, the report said
TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins
[Jun 19, 2023 9:30 PM] Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of…
Stablecoins Supply Finally Shows Rise, Here’s Why This Is Bullish For Bitcoin
[Jun 19, 2023 10:00 AM] On-chain data shows the supply of stablecoins has been going up recently, a sign that could potentially be bullish for Bitcoin. Stablecoins Have Registered An Increase In Their Supply Recently As pointed out by an analyst in a CryptoQuant post…
UK Crypto, Stablecoin Laws Approved by Parliament's Upper House
[Jun 19, 2023 8:39 AM] The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment.
Stablecoin Market Records $2.4B in Redemptions in 30 Days as Leading Tokens Experience Supply Decline
[Jun 15, 2023 8:00 AM] According to statistics, over the span of 30 days, from May 15 to June 15, 2022, more than 2.4 billion stablecoins were redeemed. During this period, three of the leading stablecoins experienced a decline in their supplies ranging from 4% to 19%…
Microstrategy’s Saylor Envisions Bitcoin-Only Future for Crypto Industry as US Regulators Hammer the Sector
Bitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee Altcoins
[Jun 13, 2023 10:03 AM] The combined market capitalization of BTC, ETH and stablecoins reached the highest since February 2021, digital asset research firm K33 Research noted.
Potential Venus Protocol Liquidation Raises Concerns in BNB Community
[Jun 12, 2023 11:30 AM] Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins…
Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals
[Jun 11, 2023 7:30 PM] People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank…
Former SEC Chairman Jay Clayton on Enforcement Actions: Crypto Should Be Treated With ‘Nuance’
[Jun 11, 2023 2:00 PM] Jay Clayton, former U.S. Securities and Exchange Commission (SEC) chairman, gave his opinion about how the organization approaches enforcement in the crypto space. In a Bloomberg Invest panel, Clayton stated that while he supports the agency and…
New Stablecoin Bill Drafted by House Republicans as Compromise With Democrats
[Jun 8, 2023 10:08 PM] The Republican chair of the House Financial Services Committee has released a new draft of the leading U.S. legislative proposal for overseeing stablecoins, and it includes some of the positions of Democratic lawmakers.
Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20
[Jun 8, 2023 2:00 AM] Global leaders appear to have reached a consensus on setting up universal rules and standards for most aspects of the crypto sector save for the treatment of stablecoins.
Bitcoin Trading at Premium on Binance US Amid SEC Lawsuit and Asset Freeze Motion
[Jun 7, 2023 7:30 AM] As of June 7, 2023, recent data reveals that the value of bitcoin (BTC) is experiencing a premium on the Binance US exchange. The statistics show that on the American crypto trading platform, BTC is trading almost $400 higher for those utilizing…
Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet
[Jun 7, 2023 4:11 AM] Aave Companies proposed two key features for the decentralized stablecoin in a governance post on Tuesday.
Binance Records Significant Outflows of BTC, ETH, and Stablecoins Exceeding $1.45 Billion
[Jun 6, 2023 10:00 PM] Binance, the world’s largest cryptocurrency exchange by trade volume, saw significant outflows of bitcoin, ethereum, and stablecoins starting on June 3, 2023, according to data from cryptoquant.com. In the past 68 hours, Binance has seen…
Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains
[Jun 5, 2023 9:30 PM] Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability…
Dollar-Based Stablecoins to Strengthen Greenback, CZ Says, Thinks DeSantis ‘Is Great’
[Jun 4, 2023 3:30 AM] The regulatory environment in the U.S. doesn’t look good for crypto but the United States has the potential to lead again, according to Binance CEO Changpeng Zhao (CZ). The founder of the world’s largest digital asset exchange is convinced…
Stablecoins are a critical countermeasure to Operation Chokepoint
[Jun 2, 2023 11:24 AM] Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.
USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum
[Jun 2, 2023 5:30 AM] Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on June 8. The announcement follows Circle’s disclosure of its euro-pegged…