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Nalezeno "stablecoin": 3978

Despite Government Shutdown Worries, Stablecoin Legislation Pushed by McHenry


The US House of Representatives’ Financial Services Committee Chair Patrick McHenry on Friday reaffirmed his commitment to regulating stablecoins, despite a potential government shutdown looming at the time. Speaking at a forum organized by stablecoin issuer Circle in New York, McHenry stated that...

Stablecoin Economy Sheds $1.52 Billion in September, Revisiting a 2-Year Low


Drawing from the latest figures, the stablecoin economy saw a notable $1.52 billion in redemptions unfold from September 1 through September 30, 2023. Within the top ten standings, two stablecoins notably bore the brunt of these redemptions: FRAX and BUSD. The two assets saw their supplies erode...

Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin


Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already listed the coin and provides liquidity for...

Tether co-founder sizes up PayPal’s Stablecoin ambitions


The cryptocurrency and fintech sectors are constantly evolving, and in recent times, stablecoins have emerged as a groundbreaking innovation. In today’s financial landscape, digital assets like Tether (USDT) have not gone unnoticed, capturing considerable interest and wielding significant...

Binance Collaborates With Banking Giants to Launch Stablecoins in Japan


Binance has announced plans to launch stablecoins denominated in the dollar, euro, and yen in Japan. The initiative, set to take place next year, is made possible through a partnership with the trust banking arm of Mitsubishi UFJ Financial Group (MUFG), Takeshi Chino, the general manager...

Terra Classic Votes to Halt USTC Minting; Community Eyes Future Re-Peg


Following a decisive vote by the Terra Classic community, an initiative to halt the creation of the previously termed stablecoin, terra usd (commonly referred to as UST or USTC), has been approved. Despite 40.56% opposition, 59.42% of the vote gave the nod for the software update. Minting Freeze...

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