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Nalezeno "Stablecoin": 3981

BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements

13.7.2022
The international organizations affirm the "same risk, same regulation" principle by extending decade-old rules to the rapidly expanding new financial technology

Stablecoin Active Addresses Hit New High After Terra Collapse While Bitcoin and Ethereum Addresses Drop

13.7.2022
Following the collapse of Terra and the subsequent crypto crash, stablecoin active addresses surged to a new all-time high. Meanwhile, bitcoin (BTC) and ethereum (ETH) active addresses have plunged drastically during this period. According to a recent report by crypto intelligence firm Coin...

International Standard Setters Publish Guidance on Stablecoin Regulations

13.7.2022
The guidelines from the international organization of securities regulators and BIS’ global payments group set out arrangements for systemically important stablecoins

Here's the 'Final Guidance' on 'Stablecoin Arrangements' by BIS and IOSCO

13.7.2022
The Bank for International Settlements (BIS) wants to create a set of standards for the stablecoin industry that will cover payments, clearings, and settlements. In a report released today and shared with Cryptonews.com, the BIS’ Committee on Payments and Market Infrastructures and...

Central Bank: No Place for Stablecoins in Russian Economy, Only Digital Ruble Will Do

12.7.2022
The Central Bank of the aggressor state Russia, says that it is against the idea of citizens making use of fiat-, oil-, or gold-pegged stablecoins – despite calls for the launch of such tokens from the Ministry of Finance. The newspaper Vedomosti quoted a Central Bank spokesperson as insisting...

Picpay to Offer Cryptocurrency Services in Brazil to More Than 60 Million Customers

12.7.2022
Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay...

Brazilian Fintech PicPay to Launch Crypto Exchange, Real-Tied Stablecoin

12.7.2022
The company, which has 30 million active users, will offer bitcoin, ether and USDP trading

100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault

11.7.2022
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance vote that provides “collateral integration from a U.S.-based bank.” The Makerdao governance vote passed by a majority vote of more than 87%, and it allows the U.S. financial...

G20 regulator to present global crypto rules in October 2022

11.7.2022
The FSB seems more concerned with the crypto market given its recent turmoil and the “increasing interconnectedness with the traditional financial system.”

KPMG to audit new pound-backed stablecoin GBPT

11.7.2022
In terms of daily turnover, the British pound (GBP) is the fourth most traded fiat currency in the world, according to the Bank for International Settlements

Tether fortifies its reserves: Will it silence critics, mollify investors?

11.7.2022
USDT is under attack from short sellers. Would they go away if only the company hired a Big Four accounting firm to audit its balance sheet?

‘Robust’ Regulations Needed in Crypto & Stablecoin Sector, Says G20 Advisory Body Ahead of Its Report in October

11.7.2022
One of the world’s leading financial policy-making organizations said that it will tell governments to step up their supervision of stablecoins later this year – against a “backdrop of the recent turmoil” in the crypto sector. In a press release from the Financial Stability Board (FSB), which...

Gate.io Announces 365% APR with New Stablecoin Empowerment

11.7.2022
Gate.io recently released an official tweet about empowering stablecoins. The network offers users an opportunity to earn up to 365% APR. Besides this, Gate.io is also looking forward to a prospective future in the Polkadot ecosystem. The network requested that users lend their ACA tokens to make...

Terra crash highlights stablecoin risk to financial stability: ECB

11.7.2022
A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy

Crypto Exchange Bitso Launches Remittance Service in Colombia

11.7.2022
Bitso, a Mexican-based, Latam operating cryptocurrency exchange, announced it is launching a remittance service in Colombia. The company will now allow its customers in Colombia to send and receive remittances using dollar-pegged stablecoins on the platform. The exchange launched a similar service...

After Terra’s fall to Earth, get ready for the stablecoin era

10.7.2022
Did May’s algorithmic stablecoin crashes kill the concept, or is there still a role for fiat-pegged cryptocurrencies?

Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company

9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...