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Democrats Blast Draft Stablecoin Bill in First 2023 Hearing on Issue
19.4.2023
Despite Republican House committee leaders publishing a draft bill and talking about progress, it hasn't been on the bipartisan level required for an eventual law, lawmakers said in a hearing Wednesday
The Big Issues of Stablecoin Issuance
19.4.2023
Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation
What’s in the House Financial Services Committee’s Stablecoin Bill?
19.4.2023
The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while calling for a temporary ban on algorithmic stablecoins
Speakers prepare to tell US House Financial Services Committee about stablecoins
18.4.2023
Five experts will testify at a hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” with two of them releasing their scripts in advance
All eyes are on stablecoins: Law Decoded, April 10–17
17.4.2023
A week before a hearing in Congress, the United States gets stablecoin regulatory framework
Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction
17.4.2023
Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year...
Draft U.S. Stablecoin Bill Shows Major Difference Between Stablecoins and CBDCs
17.4.2023
BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules
17.4.2023
The Bank of England plans on releasing a consultation proposal by the end of the year, Jon Cunliffe said at Innovate Finance’s annual global summit
USDC Issuer Circle Exec to Testify at US Congressional Hearing on Stablecoins
17.4.2023
Circle, the US company behind the popular stablecoin USDC, is set to testify in a Congress hearing on Wednesday about stablecoin regulation in the US.
In the hearing, titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” Circle’s Chief Strategy Officer Dante Disparte...
Las stablecoins ganan terreno en América Latina ante la inflación mientras crecen entre los negocios europeos
17.4.2023
Stablecoins Gain Traction as Inflationary Shield in Latin America, Europe Also Sees Growth
17.4.2023
Despite the recent bear market and the latest banking turbulence, users in Latin America and Europe continue to embrace stablecoins, but in a very different way
Centralized Stablecoins Are Problematic. Is a Decentralized Alternative on the Way?
17.4.2023
USDC and USDT both have issues that truly decentralized, blockchain-based protocols are designed to solve
In the Ukraine War, Stellar Aid Assist Is Using Crypto to Give Mass Aid
17.4.2023
The Stellar Development Foundation designed a payment app that leverages stablecoins for fast and cheap transfer and is user-friendly for trauma and disaster victims. That’s why Stellar Aid Assist is one of CoinDesk’s Projects to Watch 2023
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
16.4.2023
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8%...
U.S. Congress to introduce new draft bill for stablecoins
15.4.2023
Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers out of the United States would have to seek registration to operate in the country
Nigerian Crypto and Web3 Startup Lazerpay Shuts Down After Failing to ‘Close a Successful Funding Round’
15.4.2023
The Nigerian crypto and Web3 startup Lazerpay announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO also said he is ready to listen to offers from...
Flatcoiners should take a cue from TerraUSD's fate
15.4.2023
Flatcoins need to provide a more stable and decentralized alternative to traditional currencies — otherwise, they’re nothing but investment vehicles
Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor
14.4.2023
Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic...
Crypto in Europe: Economist breaks down MiCA and future of stablecoins
14.4.2023
A principal economist of the European Commission shares his views on stablecoins and the future of regulations in Europe
Stablecoins Need to Be Regulated Like Commercial Bank Money, Bank of England's Andrew Bailey Says
12.4.2023
The central bank governor also said regulators can't rule out central bank digital currencies