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Treasury Secretary Yellen Asks US Regulators Overseeing Crypto Assets to ‘Act Quickly’ to Regulate Stablecoins
21.7.2021
U.S. Treasury Secretary Janet Yellen has asked the regulators overseeing crypto assets to “act quickly to ensure there is an appropriate U.S. regulatory framework in place” for stablecoins. U.S. Department of the Treasury’s Office of Public Affairs announced Monday the outcome...
Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets
20.7.2021
On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre...
Mastercard’s latest partnership to help banks distribute crypto cards
20.7.2021
The partnership is aimed towards simplifying cryptocurrency-to-fiat conversions within Mastercard's existing payment network
Treasury secretary Yellen urges lawmakers to quickly introduce stablecoin guidelines
20.7.2021
The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months
Fed takes on stablecoins: 5 things to watch in Bitcoin this week
19.7.2021
Bitcoin continues its recovery from the China mining debacle but price action remains delicate in a low-volume market
Unconfirmed Stablecoin Report Brings Confusion Amid Bukele’s Bitcoin Law
19.7.2021
A Salvadorian economist has hit out at President Nayib Bukele and his younger twin brothers – after a report claimed that the Bukele family has been secretly planning the release of a stablecoin and a crypto wallet.
Per El Diario de Hoy’s website ElSalvador.com, economist Tatiana Marroquín,...
Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
18.7.2021
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. Some Say the Colón-Dollar...
US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC
17.7.2021
U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this...
U.S. financial agencies will meet to discuss the future impact of stablecoins
16.7.2021
They intend to discuss the regulation of stablecoins, as well as the technology's potential benefits and risks
Stablecoins Swelled by $13B in 30 Days, Captured 67% of Today’s Crypto Trade Volume
16.7.2021
Over the last few weeks, cryptocurrency markets have fallen in value as most of these assets reached all-time price highs three months ago. Despite the price drops, 2021 has still been an explosive year for crypto gains and fiat-pegged stablecoins have grown massively as well. 53 days ago,...
Cointelegraph Consulting: Stablecoin activity drops after May peak
16.7.2021
Despite the tumble in stablecoin activity, average transactions of stablecoins DAI and UST still exceed those of USDT and USDC
Japan to reportedly take action to scrutinize crypto globally
16.7.2021
Japanese Ministry of Finance is hiring more staff to develop stricter global rules for digital currencies, particularly fiat-pegged stablecoins
Fed Chair says stablecoins need stricter regulation, speaks on CBDC
14.7.2021
He stated that stablecoins need stricter regulations if they are to be part of the payment universe
Market Wrap: Bitcoin Sells Off as Regulatory Concerns Resurface
8.7.2021
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm
Circle CEO Says USDC to Take High Road, But It’s a Long Road
8.7.2021
Jeremy Allaire made the promise at a time when investors have been demanding more transparency around USDC
BREAKING: Stablecoin firm Circle to go public in $4.5B blank-check deal
8.7.2021
Backed by American investment bank Goldman Sachs, Circle is a major stablecoin partner of payments giant Visa
USDC Stablecoin Backer Circle to Go Public in $4.5B SPAC Deal
8.7.2021
Circle will go public by way of Bob Diamond's Concord Acquisition Corp
China's central bank worried about stablecoins' risk to financial systems
8.7.2021
While Visa and other major private payments networks see the potential of stablecoins, China's central bank believes they pose serious risks to global financial systems
3 reasons why Terra (LUNA) price rallied by 20%
8.7.2021
The growing interest in stablecoins, new partnerships and the improving state of the wider market back LUNA’s newfound bullish momentum
Terra and Harmony announce DeFi partnership focused on UST stablecoin integration
7.7.2021
“Terra is excited to expand our growing portfolio of DeFi products to multiple chains and working with Harmony to bring UST and Anchor to another growing ecosystem,” said Do Kwon, co-founder and CEO of Terra