Search

Nalezeno "28 Stablecoins": 2084

US Representative Patrick McHenry: Stablecoins ‘Hold Promise as a Pillar of Our 21st-Century Payments System’

8.8.2023
Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated, stablecoins “hold promise as a pillar of...

Circle CEO: 70% of USDC adoption comes from outside the US

8.8.2023
Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing

PayPal’s Regulated Stablecoin Is a ‘Watershed Moment’ in Crypto Space, Says Partner Paxos

7.8.2023
“The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert

Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume

7.8.2023
In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times...

Stablecoins: A Potential Counter to De-Dollarization

3.8.2023
Demand for greenbacks in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency could erode the U.S. dollar's overall dominance

GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut

3.8.2023
In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave’s gho (GHO) and First Digital’s stablecoin FDUSD. These dollar-tied tokens have rapidly gained momentum, witnessing substantial growth in market...

Binance CEO CZ Explores Diversifying Stablecoin Strategy, Eyes Smaller Algorithmic Tokens

2.8.2023
During a Twitter "Ask Me Anything" (AMA) session on July 31, Binance CEO Changpeng "CZ" Zhao expressed his intention to introduce smaller algorithmic Stablecoins to the market for investors to have alternatives to the existing global Stablecoin giants. In the session, CZ highlighted concerns...

US defense bill may be ‘problematic’ for USDC and stablecoins: Analysts

1.8.2023
A proposed U.S. national defense bill could subject stablecoins issuers to KYC and AML requirements they would be unable to comply with, said Berenberg analyst Mark Palmer

‘Let's just diversify and see' — Binance CEO on its stablecoin strategy

1.8.2023
Due to regulatory and transparency risks, CZ says that spreading risk across different stablecoins is the key to longevity

Ex-Fed Policy Analyst's Paper: Stablecoins Present Lower Risk Than Traditional Bank Deposits

28.7.2023
Dollar-pegged stablecoins may actually be less risky to hold than traditional bank deposits, according to Brendan Malone – a former Federal Reserve Board analyst. Now writing on behalf of technology research and investment firm, Paradigm, Malone argued on Wednesday that stablecoins are inherently...

US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’

28.7.2023
The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of providing clarity for payment stablecoins. Sheila...

Ripple and Palau Announce CBDC Stablecoin Pilot Program

28.7.2023
Palau, an insular nation in the Philippines Sea, has partnered with Ripple, announcing a limited pilot for its own U.S. dollar-pegged stablecoin issued using XRP technology. According to Jay Hunter Anson, a member of the board of directors of Palau’s Ministry of Finance, the test started...

'Historic week' as stablecoin, self-custody bills advance to House floor

28.7.2023
The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets

U.S. Stablecoin Bill Takes Big Step Despite Fight From Democrats, White House

28.7.2023
House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick McHenry (R-N.C.) blamed White House objections for...

Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst

27.7.2023
Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm

Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience

25.7.2023
The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively. Top Stablecoins...