Search
Many stablecoins fall short of coming regulatory recommendations, says FSB chair
20.2.2023
The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July
Today in Crypto: ‘Many Existing Stablecoins Would Not Meet Coming Standards’, Fireblocks to Launch Off-exchange Service, Stellar & USDC Added to Wirex Wallet
20.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________...
Read More: Today in Crypto: ‘Many Existing Stablecoins Would Not Meet Coming Standards’, Fireblocks to Launch Off-exchange Service...
Existing Stablecoins Won’t Meet Forthcoming Global Standards: FSB
20.2.2023
The Financial Stability Board's recommendations for regulating crypto and stablecoins are set to be released in July 2023
Yield platform Stablegains sued for promoting UST as a 'safe' investment
20.2.2023
The stablecoin yield platform is being sued for customer losses following exposure to the Anchor Protocol and UST collapse last year
Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
20.2.2023
Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of...
There are "Very Interesting Opportunities" for Non-USD Based Stablecoins: Binance CSO
19.2.2023
With U.S. regulators effectively canceling Binance-branded BUSD stablecoin, the world's largest cryptocurrency exchange is now looking beyond dollar-based stablecoins - and it has received notable interest from potential partners.
Patrick Hillmann, Binance’s chief strategy officer, has said that...
Former CFTC Chairman: SEC Was 'Absolutely Right' to Sue Terraform Labs, Do Kwon
17.2.2023
Timothy Massad, now a research fellow at Harvard’s Kennedy School of Government, says the government was right in issuing the complaint, adding that while stablecoins present risks, they also open the door to opportunities
Coinbase Exec: US Congress Needs to ‘Step Up’ Its Crypto Regulatory Efforts
17.2.2023
Faryar Shirzad, chief policy officer at the exchange, said the exchange would “love to register” its two dormant broker deals, but the reality is no clear direction has been provided by lawmakers on Capitol Hill
Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs
17.2.2023
Delphi Lab's general counsel said the SEC was being "more thorough than usual" in its lawsuit against Terraform Labs and its co-founder Do Kwon
Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD
17.2.2023
Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”
BIS-funded regulator to probe DeFi entry points like stablecoins
16.2.2023
Despite providing many novel services, DeFi does not differ substantially from traditional finance in its functions, the Financial Stability Board stated
Tether USDT Gains $1 Billion as Paxos Burns Over $1.8B of Binance USD Stablecoins
15.2.2023
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny
State of Crypto: Interpreting the Paxos-Binance Tea Leaves
15.2.2023
Remember how the U.S. Securities and Exchange Commission’s declaration of war against crypto staking was big news for like two days? This week we’re looking at the other big news from last week: Paxos and the Binance USD stablecoin it issues. The SEC has apparently alleged the sale of BUSD violates...
Binance CEO: crypto industry will probably move to non-dollar stablecoins
14.2.2023
The Binance CEO claimed that algorithmic USD stablecoins may become more popular as well, although they “have risks.”
Dollar Stablecoins Are Great for Users and the US Government
14.2.2023
Omid Malekan writes that because stablecoin issuers liabilites live on-chain, the asset-backed tokens are arguably more secure than payment providers we use today, including PayPal
Why the SEC wants to ban crypto staking and stablecoins under scrutiny — Watch The Market Report live
14.2.2023
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the details of the SEC’s ban on crypto staking and whether stablecoins are securities
Stablecoins Are Not New. So Why Are Regulators Attacking Paxos?
14.2.2023
Binance CEO Distances Himself From BUSD Stablecoin as Regulators Act
14.2.2023
CZ said Binance will continue working with other stablecoin issuers, and noted he’s skeptical about claims Circle raised alarm bells with regulators
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments
14.2.2023
While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen...
Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show
14.2.2023
Investors are fleeing the Paxos-issued stablecoin even though the firm gave assurances it is fully backed and will be wound down in an orderly manner, one observer said