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US House Hearing on Stablecoins and Crypto Reveals Sharp Divide on Approach to Regulation
9.2.2022
A hearing on stablecoin regulation in the US House of Representatives’ Financial Services Committee yesterday revealed strongly diverging views on both stablecoins and crypto more broadly among lawmakers on Capitol Hill....
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Stablecoin Whale Domination — Tether Addresses Valued at $1M Own More Than 80% of USDT Supply
8.2.2022
As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more than 80% of the entire supply. Tether’s Whales Command More Than 80%...
US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets
8.2.2022
Patrick McHenry implied that for the U.S. to regulate stablecoins with a “single regulator at the federal level” would likely not be a success
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
4.2.2022
As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw its market capitalization jump the most, increasing 18.9%...
Circle Launches USDC on Flow Blockchain
1.2.2022
Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low fees and a high volume of transactions. With this launch, USDC aims...
Circle's USDC stablecoin gobbles Tether's market share with 50B milestone
1.2.2022
The 50 billion USDC circulating milestone has increased Circle’s share of the stablecoin market to almost 30%
Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase
30.1.2022
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last...
Rebase Market Carnage: TIME Slips 61%, Wonderland Admin Allegedly Co-Founded Quadrigacx
27.1.2022
While reserve-based crypto assets like gold tokens and stablecoins have been able to weather the crypto market carnage over the last two weeks, rebase tokens like wonderland (TIME), and Olympus (OHM) have seen massive losses. Wonderland is down more than 96% since the crypto asset’s all-time...
Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says
23.1.2022
Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining...
El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs
22.1.2022
The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a decentralized finance protocol called Acumen, that will be able to provide funding in stablecoins....
Does a Fed digital dollar leave any room for crypto stablecoins?
21.1.2022
Could stablecoins be undone by a Federal Reserve that takes consumer deposits? Would retail banks be hobbled?
Where are the best APYs for stablecoins? | Find out now on The Market Report!
18.1.2022
“The Market Report” with Cointelegraph is live right now!
Bitpay Statistics Show the Use of Bitcoin for Payments Is Dwindling
18.1.2022
The use of bitcoin as a digital currency for payments has gone down significantly, according to the numbers stemming from Bitpay, one of the leading cryptocurrency payments processors. While most of the purchases were made with bitcoin back in 2020, this dominance has dwindled, opening the space...
CBDCs and stablecoins: EY advises banks to ‘prepare for what's coming’
17.1.2022
A new report from EY highlights the need for a policy change for banks to overcome business uncertainties regarding digital assets
Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum
15.1.2022
On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent 71.84% of the entire stablecoin economy’s value. This...
Expanding Crypto Market Caps by 500% to 1,300%: Stablecoin Issuance Saw Significant Growth Last Year
11.1.2022
As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats...
Maker Co-Founder Calls UST and MIM ‘Solid Ponzis’ That Will Go to Zero
8.1.2022
Rune Christensen, one of the founders of Maker, the decentralized autonomous organization behind the governance of stablecoin DAI, has spoken out against two competitors. He stated that UST, Terra’s dollar-pegged stablecoin, and MIM, another collateralized stablecoin, were “solid...
Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors
8.1.2022
The threat of stablecoin regulation and USDT and USDC centralization are making decentralized stablecoins like MIM, FRAX and UST attractive to DeFi investors
Tribal Credit raises $40M in 'hybrid' debt round funded by dollars and stablecoins
6.1.2022
The company is pushing new use cases for blockchain payments through its partnerships with Bitso and Stellar Development Foundation
Bitcoin Dips Below $44K, Crypto Economy Drops 4.5%, Traders Rush to Stablecoins
5.1.2022
The price of bitcoin dropped below the $44K zone on Wednesday to $43,678 per unit as the entire crypto-economy has shed billions in value. At the time of writing, the overall crypto economy is down 4.5% as it dipped to $2.25 trillion in value. Bitcoin and Crypto Economy Sheds Billions, Crypto Fear...