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Nalezeno "Stablecoin": 3979

Terra’s USD 10B Bitcoin Bet May be Both a Curse and a Blessing


  Terra (LUNA) founder Do Kwon’s plan to partly back the stablecoin UST with bitcoin (BTC) is causing both excitement and concern in the community, with some fearing what could happen to the bitcoin market if Terra faces problems with trust or liquidity. The plan to back UST with BTC has been...

Circle Chooses BNY Mellon to Custody USDC Reserves


Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion....

The UK Set to Announce Favorable Crypto Regulations in Weeks - Report


  The UK government is reportedly slated to reveal its crypto regulatory framework in the coming weeks, and it will include a special focus on stablecoins, per anonymous sources cited by CNBC. British Finance Minister Rishi Sunak is expected to make the announcement, CNBC reported, citing four...

War in Ukraine to Make Countries Rethink Currency Dependencies - BlackRock CEO


  The war in Ukraine will make countries “re-evaluate their currency dependencies,” with work on digital currencies likely to be accelerated, according to Larry Fink, CEO and Chairman of the major asset manager BlackRock. Writing in a letter to shareholders published on Thursday, Fink said that...

Bitcoin Inches Higher as Terra Starts Implementing Its USD 10B BTC Plan


  Following Terra’s announcement in February that it would partly back its stablecoin UST with bitcoin (BTC), the market has been waiting for clues that Terra is in fact following up on its promise and buying BTC. An indication that the stablecoin protocol is following through with its plan came...

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