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Crypto Market Dumps as Coinbase Set to Suspend Tether USDT and Dai Stablecoins for Canadian Users – What’s Going On?
18.8.2023
Crypto trading giant Coinbase, which stepped foot into the Canadian markets early this week, is set to suspend trading of three stablecoins, effective August 31.
The company wrote to its users on Thursday that it would no longer allow trading of Tether (USDT), Dai (DAI) and Rai Reflex Index (RAI)...
Argentines Flock to Stablecoins Amidst Record Devaluation Numbers
18.8.2023
Argentines are flocking to purchase stablecoins to protect their savings as the peso loses value. Local cryptocurrency sources reported an increase of up to 500% in the crypto volumes moved, mostly in stablecoins like USDT, to shield incomes against the raging devaluation registered after...
Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users
17.8.2023
The exchange expanded its services in Canada earlier this week
Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens
16.8.2023
The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated” will have to meet certain requirements. Singapore...
Bank of America Assesses Significance of Paypal’s USD Stablecoin and Fednow System
16.8.2023
Bank of America has provided its analysis of Paypal’s U.S. dollar stablecoin and the Fednow payments system. The bank does not expect the widespread adoption of PYUSD to occur in the near future, noting that the introduction of Paypal’s stablecoin will not lead to “accelerated...
Singapore’s Central Bank Releases Regulatory Framework for Stablecoins
15.8.2023
The Monetary Authority of Singapore (MAS), the city-state’s de-facto central bank, announced its revised regulatory framework for stablecoins, aimed to “ensure a high degree of value stability for stablecoins regulated in Singapore.”...
Read More: Singapore’s Central Bank Releases Regulatory...
Singapore central bank says three business days is ‘timely transfer’ for stablecoins
15.8.2023
Redemptions of MAS-regulated single-currency stablecoins will have a longer grace period which is five business days despite some arguing that it should be done in real-time
Singapore central bank releases regulatory framework for stablecoins
15.8.2023
The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore
Coinbase Bases, PayPal Stablecoins, Binance Exchanges and 20 Crypto Jokes
12.8.2023
Read More: Coinbase Bases, PayPal Stablecoins, Binance Exchanges and 20 Crypto Jokes
Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’
12.8.2023
Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article, Brooks and Calomiris call for regulations to allow...
Stablecoins could be key to upholding US dollar's global reserve status: Report
10.8.2023
In an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoin legislation is crucial to re-dollarizing the world
Singapore Red Cross Says It Now Accepts Crypto Donations
10.8.2023
Well-wishers who want to financially support the Singapore Red Cross can now do so via crypto donations. All donations are converted into fiat currency within 24 hours after the donation has been made. Benjamin William said his organization has enabled the crypto option for “donors who...
Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines
10.8.2023
The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance, possession, or transactions involving U.S. dollar...
Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin
9.8.2023
The top Democrat on the House Financial Service Committee criticized PayPal’s plans in a statement on Wednesday
Maple Finance's Tokenized Treasuries Available to U.S. Investors After Securities Exemption
9.8.2023
The platform's cash management facility has grown to $22 million in assets under management since opened in April
House Financial Services Committee Advances Clarity for Payment Stablecoins Act
9.8.2023
On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S. Federal Reserve playing a pivotal role. The bill would...
Stablecoin Market to Grow to Almost $3T in Next 5 Years: Bernstein
9.8.2023
Major global financial and consumer platforms are expected to issue co-branded stablecoins resulting in significant growth for these cryptocurrencies, the report said
A Comprehensive Look at the New Paypal Stablecoin, Its Control Dynamics, and ‘Freeze’ Option Trending on Social Media
8.8.2023
At the time of writing, the official Paypal stablecoin PYUSD smart contract has been unveiled, and as it stands, the maximum aggregate supply amounts to 26,905,005.66 PYUSD. In spite of the existence of more than 26 million Paypal stablecoins, the contract continues to retain a substantial 92.91%...
PayPal’s New Stablecoin and the ‘2 Wolves’ Inside Crypto
8.8.2023
Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD
8.8.2023
Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday