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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...
Hong Kong begins discussions to introduce stablecoin regulatory framework
15.1.2022
The Hong Kong Monetary Authority shared a list of eight questions to seek policy-related recommendations citing five possible regulatory outcomes — no action, opt-in regime, risk-based regime, catch-all regime and blanket ban
Here is how one algorithmic indicator anticipated multiple phases of FXS’ protracted rally
14.1.2022
Altcoins can rally for an infinite number of reasons, but some price spikes are more historically similar than others
NYCB and Group of Banks Join to Launch USDF Stablecoin
14.1.2022
A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue USDF. The proposed stablecoin will be the first currency of its kind to be minted by FDIC-insured...
US Regulator Calls For Stablecoin Bank Regulation, Coordinated Regulatory Approach To Crypto
14.1.2022
Stabilizing stablecoins and paving the way for a coordinated and collaborative regulatory approach to cryptocurrencies should become the key focus of American regulators -- and bank regulation could provide stablecoin holders with more confidence and security, according to Michael J. Hsu, Acting...
Tether Freezes USD 160M-Heavy Addresses on Law Enforcement Request
14.1.2022
Stablecoin issuer Tether (USDT) froze three addresses on Ethereum (ETH), which together hold USD 160m worth of assets.
This has been confirmed by Tether, stating that they have done so upon request from law enforcement, per Coindesk.
Per data analytics site Bloxy, Tether itself has so...
Banks Launch Stablecoin Consortium, Crypto Regulatory Discussion in Hong Kong + More News
12.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Banks Launch Stablecoin Consortium, Crypto Regulatory Discussion in Hong Kong + More News
Hong Kong Monetary Authority aims to oversee stablecoin reserves
12.1.2022
Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules
IMF Economists: Crypto Is Not on the Fringe Anymore, Correlation with Stocks Poses Risks
12.1.2022
Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund (IMF)’s Monetary and Capital Markets Department; Tara Iyer is an economist in the Global Financial Stability Analysis Division of the same department; and Mahvash S. Qureshi is a division chief in that...
US Fed Chair's Top 3 Crypto-Related Comments in Front of Senate Banking Committee
12.1.2022
The US Federal Reserve (Fed) Chair Jerome Powell discussed the central bank's COVID-19 response and financial stability, among other issues, during his re-nomination testimony on Tuesday in front of the Senate Banking Committee. He also made several comments that may potentially have an impact...
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...
Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols
10.1.2022
On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster...
Record Crypto Investment Outflows, PayPal Coin, Binance CEO's Net Worth + More News
10.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Record Crypto Investment Outflows, PayPal Coin, Binance CEO's Net Worth + More News
PayPal Considers Releasing its Own Stablecoin
10.1.2022
Since opening trading to all customers in 2020, PayPal has already been broadening its crypto biz. It has permitted US clients to spend with cryptos and has continued to increase its crypto purchase constraint over the last year, and now, PayPal has allegedly revealed that it is developing...
Central bank of Bahrain trials JPMorgan blockchain and token
10.1.2022
Bahrain’s central bank initially announced the JPM Coin trial in May 2021
Paypal Coin: Payments Giant Explores Launching Stablecoin to Boost Crypto Offerings
9.1.2022
Paypal is reportedly working on a stablecoin backed by the U.S. dollar to expand its cryptocurrency offerings. “We will, of course, work closely with relevant regulators,” the company stressed. Paypal Is Exploring Launching Its Own USD-Backed Stablecoin Paypal Holdings Inc....
PayPal reportedly confirms plans to explore the launch of a stablecoin
8.1.2022
The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser
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