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Russian Central Bank Wants to ‘Limit’ Stablecoin Use in Payments
3.4.2021
Russia’s Central Bank wants to position itself as the country’s digital economy center of gravity – and appears ready to pave a way for its forthcoming digital ruble to gain market dominance. And it wants to make sure of that by placing a limit on the use of stablecoins in settlements.
Per...
Independent Local Stablecoin Booming in South Korea’s Buyeo
2.4.2021
Statue of the Lying Buddha of Miamsa Temple in Naesan-myeon, Buyeo-gun, South Korea. The circulation of a local stablecoin operated by South Korea’s Buyeo County has exceeded the USD 93m mark as the county looks to expand the use of its token.
Per Kuki News, the county has enabled near-field...
xSigma Developments Continue Following Amazing First Month
1.4.2021
xSigma is a decentralized exchange for stablecoin swaps backed by a NASDAQ-listed corporation. In the first month since it was launched the DEX reached an impressive $112 million in total trading volume. xSigma developments continue with a Gas Cashback, a new roadmap, a staking pool being launched...
Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities
1.4.2021
The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm...
Tether stablecoin is fully backed, says new assurance report
30.3.2021
Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman
UK authorities to focus on stablecoin regulations to prevent monopolies
30.3.2021
British regulators have identified the stablecoin market as their primary assignment amid efforts to create a legal framework for virtual currencies in the country
Payment Giant Visa Integrates USDC Stablecoin Support for Settlement
29.3.2021
On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD coin (USDC), the regulated token built on top of the Ethereum network....
Stablecoin reserves on crypto exchanges hit new historic high of $10B
29.3.2021
Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
21.3.2021
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand,...
Diem co-creator leaving Facebook for Planet Labs
18.3.2021
Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be "a journey of years and decades."
Thai Central Bank Sets A Precedent By Banning Baht-pegged Stablecoin
18.3.2021
Source: iStock/Jan-Otto
The Thai central bank, the Bank of Thailand, has taken the unprecedented step of banning a fiat baht-pegged stablecoin, claiming that it could undermine the Thai public’s confidence in the existing financial system.
The stablecoin in question is the THT, the brainchild...
Thailand’s central bank warns against ‘illegal’ THT stablecoin
18.3.2021
The Baht-pegged stablecoin produced by Terra has come under fire from Thai bankers
French retail giant will launch Tezos-based stablecoin
17.3.2021
The new coin is named after a god in Irish mythology and will go by the ticker symbol EURL
Bitcoin price dips below $60K — But here's why a bigger rally may be brewing
14.3.2021
Bitcoin dropped below $60,000 on Sunday after new all-time highs, but stablecoin inflows show this is not a big concern
The superheated NFTs? A crypto market niche tipped to boom or bust
14.3.2021
A pyramid scheme where “somebody will be burnt” or an “exciting innovation?” Is this the year of the nonfungible token?
Tether Stablecoin Expands Its Reach to Another Blockchain
11.3.2021
Tether has announced the expansion of its USDT token to an eighth blockchain
New Zealand firm launches stablecoin backed by NZD
10.3.2021
"Techemynt felt it was an ideal time to fill the gap in the market and lead the creation of a NZD-based stablecoin," said Fran Strajnar
Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval
9.3.2021
Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high
Furucombo to issue iouCOMBO tokens to repay victims of $15M exploit
9.3.2021
Hacked DeFi service Furucombo will issue "iou" tokens as part of its compensation plan to repay 22 affected users
Tether's Supply Dominance Hits Record Low as USDC & Co Rise
3.3.2021
As USD coin (USDC) strengthens its positions, tether (USDT) is losing its market share, according to crypto intelligence firm Coin Metrics. That said, stablecoins, in general, are again on the rise this year, and the total supply is expected to grow further with the increase in use cases.
Per...