Search

Nalezeno "Stablecoins": 1961

Wintermute Considers Legal Action as NEAR Foundation Refuses Redemption of $11.2 Million USN Stablecoin

8.11.2023
Image Source: Wintermute Crypto market maker Wintermute is considering legal action after the NEAR Foundation and Aurora allegedly failed to honor an agreement to convert $11.2 million worth of USN stablecoins. In a recent post on X (formerly Twitter), Wintermute CEO Evgeny Gaevoy accused NEAR...

U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers

7.11.2023
Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation

Over 600 Stablecoins ‘Depeg’ in 2023, Moody’s Analytics Launches Monitoring Tool

7.11.2023
Stablecoins, the crypto assets crafted to mirror the stability of fiat currency, have encountered over 600 significant instances of price instability in 2023, as per Moody’s Analytics. A ‘depeg’ or ‘depegging’ event is characterized by a stablecoin’s value...

Bank of England and UK’s FCA Propose Plans to Regulate Stablecoins

6.11.2023
The UK’s central bank and the financial regulator have both proposed plans to regulate stablecoins in discussion papers, published Monday. The Bank of England (BoE) revealed that the regulatory measures focus on sterling-denominated stablecoins. This is because they have...

Hong Kong Regulator Planning to Widen Purview of Virtual Assets Supervision

6.11.2023
The Hong Kong Monetary Authority is reportedly planning to expand the purview of its supervision of virtual assets to include entities that issue stablecoins. The Hong Kong regulator said it also wants to create a framework that governs banks’ provision of virtual asset custody services. Hong...

UK Financial Watchdogs Publish Plans to Regulate Stablecoins

6.11.2023
The U.K. government published plans for regulating crypto last week

Latam Insights: USDT Takes Over Brazil, Bukele’s Administration Accused of Embezzlement

6.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: USDT dominates the Brazilian crypto market, Bukele’s administration is accused of deviating funds for Bitcoin projects, and Venezuelan exchanges...

Study: Stablecoin Activity the Highest in Q3 of 2023 With Approximately 400K Daily Active Addresses

4.11.2023
By the end of Q3 2023, activity in the stablecoin category as measured by the number of daily active addresses (DAA) stood at over 400,000 — the highest in any category. In the decentralized finance (defi) category — the next highest-ranked category — the number of DAAs at...

Analysts Observe Rising Stablecoin Supply, Indicating Capital Inflow

3.11.2023
The total supply of stablecoins has surged in recent weeks, coinciding with a significant rally in the price of Bitcoin (BTC), on-chain data shows. The growth in stablecoin supply has followed an extended surge in the broader crypto market that started after a false report on October 16 said a spot...

Stablecoin Market Rises by Over $600M in October Despite Mixed Supply Dynamics

3.11.2023
The stablecoin economy experienced growth in October after several consecutive monthly declines. In the last month, a total of $608 million was added to the fiat-pegged token market. Despite the increase, six stablecoins out of the top ten saw supply reductions during the month. Fiat-Pegged Token...

Stablecoin Issuer Circle Terminates Consumer Account Support

2.11.2023
Stablecoin issuer Circle is discontinuing support for consumer Circle Mint accounts. In a statement on its website, the company wrote, “Consumer-only Circle Mint accounts will no longer be supported and will be closed. No further action is required from the account holders in this...

Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer

2.11.2023
Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus Seized Taiwan’s law enforcement recently...

Hashkey Group to Issue Stablecoin In Partnership With Yuanbi Technology and Zhongan Bank

2.11.2023
At the KUN & Hashkey Exchange strategic cooperation signing ceremony held earlier today, Dr. Xiao Feng, the founder of Hashkey Group, announced plans to issue a stablecoin backed by the Hong Kong dollar. Hashkey Group will partner up with Yuanbi Technology and Zhongan Bank to issue...

Tether’s Q3 Financial Disclosure Highlights $3.2B Surplus, $1.7B in Bitcoin Reserves

1.11.2023
On Tuesday, Tether Holdings Ltd.’s financial statements for the third quarter of 2023 were validated by BDO, an internationally known independent public accounting firm. The firm gave an assurance opinion, revealing $3.2 billion in surplus reserves supporting the company’s tokens...

Brazilian Tax Authority Acknowledges ‘Vertiginous Growth’ of Stablecoin Trading

1.11.2023
The Brazilian Tax Authority (RBF) recently published an article acknowledging the growth in stablecoin trading in the country, which has taken the Brazilian cryptocurrency market by storm. The most transacted stablecoin is Tether’s USDT, which has moved more than 271 billion reals (close...

Tether’s Q3 Attestation Reveals $3.2 Billion Excess Reserves Backing USDT

1.11.2023
Tether, a leading stablecoin provider, reported in its Q3 2023 report that it has $3.2 billion of excess reserves backing the value of its stablecoins, including USDT. On October 31, Tether Holdings Limited published its Consolidated Reserves Report (CRR) for Q3 2023, which has been validated...

Lack of Global Regulation and Inconsistencies Could Hinder Stablecoin Cross-border Utility: CPMI Report

31.10.2023
Financial authorities continue to tip stablecoins as a pathway to better cross-border payments but a new report shows that regulations, competition, and network scale pose threats to wider adoption. The Committee on Payment and Market Infrastructures (CPMI) explained the vast utilities...