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Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox
14.3.2024
On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into...
Israeli Crypto Firm Launches Pilot for First Shekel-Backed Stablecoin
14.3.2024
Israel has taken a significant step in the cryptocurrency domain by green-lighting a pilot for BILS, the first stablecoin pegged to the New Israeli Shekel. Bits of Gold and Israeli Authority Launch BILS Stablecoin in Regulatory Sandbox The initiative, spearheaded by the crypto broker Bits of Gold...
EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA
13.3.2024
The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies
Tether Launches On Celo Chain
12.3.2024
Stablecoin leader Tether (USDT) has launched on the Celo blockchain, expanding its reach and targeting wider financial inclusion. Celo's mobile-first approach and diverse ecosystem offer new avenues for the popular stablecoin, potentially simplifying transactions and driving adoption in emerging...
Hong Kong Central Bank Unveils Sandbox for Stablecoin Issuers to Test Operations
12.3.2024
Hong Kong's central bank on Tuesday introduced a sandbox program for stablecoin issuers. This initiative offers a controlled environment for potential issuers to experiment with stablecoin projects in a risk-free manner.
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Hong Kong's Central Bank Starts Regulatory Sandbox for Stablecoin Issuers
12.3.2024
The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox
Despite Crypto Uptick, Paypal’s PYUSD Stays Quiet in the Top Ten Stablecoin Race
11.3.2024
In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency...
Curve Finance Plans to Increase AMM Fee, But For Good Reasons
11.3.2024
There is a new proposal to raise the Automated Market Maker (AMM) fee in LLAMMa (crvUSD), a liquidity pool, on Curve Finance, a leading decentralized exchange (DEX) popular for stablecoin swaps.
The post Curve Finance Plans to Increase AMM Fee, But For Good Reasons appeared first on Cryptonews
MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns
11.3.2024
BA Labs submits an emergency rate adjustment proposal in the MakerDAO forum to raise fees, aiming to stabilize DAI against market turbulence and shrinking reserves.
The post MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns appeared first on Cryptonews
Pro-Bitcoin Senator Cynthia Lummis Leads Push for Stablecoin Regulation: A Look at the Bill and Its Impact
8.3.2024
U.S. Senators Cynthia Lummis and Kirsten Gillibrand are getting ready to unveil a landmark stablecoin regulation bill. The bill has received support from stakeholders including the Treasury and the New York Department of Financial Services.
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Ethena’s USDE Yield Hits 67%, Outpacing Most Stablecoin Returns
8.3.2024
According to the most recent figures, Ethena’s USDE now boasts an APY of 67.2%, positioning it among the top annual percentage rates within the realm of stablecoin decentralized finance (defi). Furthermore, the supply of this stablecoin has expanded significantly, increasing by 414.6% in...
FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth
8.3.2024
Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in terms of 24-hour global trading volume. FDUSD...
Stablecoin Project Ethena Labs Bags $4M for USDe Treasury
8.3.2024
The stablecoin earns yield by shorting ether futures and capturing funding rates - which have surged in the past two weeks
US Prosecutors to Appeal Montenegrin Court’s Decision to Extradite Do Kown to South Korea
8.3.2024
US prosecutors aim to appeal the Montenegrin High Court's decision to extradite former cryptocurrency mogul Do Kwon to South Korea to face charges related to the $40 billion collapse of the TerraUSD stablecoin in 2022.
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Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets
8.3.2024
Tether, the issuer of the world's largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country.
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Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge
5.3.2024
As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $300K to $100 Billion: Tether’s Meteoric...
Tether Launches Recovery Tool for Migration of USDT Across Blockchains in Case of Disruptions
5.3.2024
Tether, a major stablecoin issuer and one of the leading players in the crypto market, has introduced a recovery tool to facilitate the seamless migration of its USDT stablecoin between different blockchains.
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Tether's USDT Stablecoin Touches $100B Market Cap, Benefiting From Crypto Trading Frenzy
4.3.2024
USDT, a stablecoin issued by Tether, hit the $100 billion market value for the first time in its history, according to CoinGecko data, as the rally on crypto markets expanded
Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%
3.3.2024
The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth...
Bank for International Settlements Releases Executive Summary of Global Stablecoin Recommendations
1.3.2024
The Bank of International Settlements (BIS) has released its recommendations for the regulation, supervision, and oversight of global stablecoin arrangements, according to an executive summary published on February 29.
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