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Nalezeno "cz stablecoins": 1878

Trust in stablecoins 'infinitely more important' than collateral

13.5.2022
As the debate over the trustworthiness of stablecoins intensifies due to Terra, one expert thinks builders should push for the coins to be decentralized with a clear use case

SEC's Hester Peirce says new stablecoin regs need to allow room for failure

13.5.2022
The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure

Stablecoins' recent de-pegging is not a 'real threat to financial stability,' says Janet Yellen

12.5.2022
Terra's UST dropped as low as $0.29 and Tether's USDT stablecoin briefly de-pegged from the dollar to hit $0.96 on Wednesday

SEC Chair Gensler: Crypto Exchanges Are Trading Against Their Customers Often

12.5.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says cryptocurrency exchanges are “trading against their customers often because they’re market-marking against their customers.” He has raised concerns over crypto trading platforms...

Untethered: Here’s everything you need to know about TerraUSD, Tether and other stablecoins

12.5.2022
Established stablecoin trading pairs have struggled to keep stable at crypto exchanges around the world. Here are the updates as the situation evolves

Small-cap Stablecoins Struggle to Maintain Peg as Crypto Market Crashes

12.5.2022
Some smaller-cap stablecoins are struggling to maintain their targeted peg, which is mainly USD 1, amid a huge bloodbath in crypto that has wiped off billions from the market. The development follows a depeg seen by Terra (LUNA)'s decentralized stablecoin UST, which seems to have placed...

First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins

12.5.2022
A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red

Crypto Fund Arca Doubled Down on UST Amid Stablecoin’s Collapse

11.5.2022
“UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk

EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows

11.5.2022
The tough approach could see rivals to fiat currency outlawed in the bloc

Mexican Crypto Exchange Bitso Launches Stable Yield Program

11.5.2022
Bitso, a Mexico-based cryptocurrency exchange, is expanding its range of crypto investing options. The company has announced it will now allow customers to earn funds just by holding bitcoin or stablecoins in its wallet. The program, called Bitso+, will offer different yields based on...

US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco

11.5.2022
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet Yellen brought up the terrausd...

US Treasury Secretary reaffirms need for stablecoin regulation following UST crash

10.5.2022
Janet Yellen said it would be “highly appropriate” to aim for “a consistent federal framework” on stablecoins by the end of 2022 in the U.S. given the growth of the market

UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation

10.5.2022
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover....

BIS: 9 out of 10 Central Banks Worldwide Are Exploring Digital Currencies — Driven by Crypto Market

10.5.2022
Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.”...

Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity

9.5.2022
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great...

Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

8.5.2022
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as...

3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining

7.5.2022
The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours, bitcoin has lost 9.4% since last week and seven day statistics show...