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Top US Bank Watchdog Warns of Stablecoins' 'Lack of Interoperability'
8.4.2022
Acting Comptroller of the Currency Michael Hsu said he's concerned about the variability and lack of interoperability across stablecoins as his agency and other U.S. regulators try to come to terms with oversight
Terra buys $200M in AVAX for reserves as rival stablecoins emerge
8.4.2022
The two main organizations behind the development of the Terra blockchain have purchased a combined $200M in AVAX while Near Protocol is rumored to release a new stablecoin
Treasury Secretary hints at regulatory framework to address potential risks in digital asset markets
7.4.2022
"Digital asset exchanges and other digital native intermediaries — they should be subject to appropriate forms of oversight,” said Janet Yellen
Toomey drafts bill to exempt stablecoins from securities regulations
7.4.2022
The Stablecoin TRUST Act proposed the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations
Visa should be 'scared': Lightning Labs raises $70M to add stablecoins
6.4.2022
The firm has built a new protocol called Taro to enable stablecoins to be sent and received on the Bitcoin Lightning Network
New Bitcoin's Chance to 'Bitcoinze the Dollar', Crypto Seizures + More News
5.4.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: New Bitcoin's Chance to 'Bitcoinze the Dollar', Crypto Seizures + More News
Lightning Labs Raises $70M to Bring Stablecoins to Bitcoin
5.4.2022
The Taproot-powered “Taro” protocol aims to bring low-fee stablecoin and asset transfers to the Bitcoin Lightning Network
More than three-quarters of central banks considering a CBDC: research
5.4.2022
The report by PwC shows that 80% of central banks are considering or have already launched a CBDC
UK Unveils Comprehensive Plan to Become Global Crypto Hub With Dynamic Regulation
5.4.2022
The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible...
UK government moves forward with regulatory framework on stablecoins for payments
4.4.2022
“If crypto technologies are going to be a big part of the future, then we, the U.K., want to be in — and in on the ground floor,” said Economic Secretary of the Treasury John Glen
JPMorgan Sees Limited Upside for Crypto Markets
4.4.2022
JPMorgan Chase & Co. has warned that any upside for crypto markets from here would likely be more limited. Basing their prediction on the relationship between stablecoins and the rest of the crypto market, the bank’s analyst explained that stablecoins’ share of the total crypto...
Circle Chooses BNY Mellon to Custody USDC Reserves
1.4.2022
Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion....
Fintechs See Strongest Payments Challenge From Stablecoins and CBDCs, Not Bitcoin: Cowen
29.3.2022
The team at Cowen recently held fireside chats with executives from PayPal and Visa, among others
World’s Largest Asset Manager Blackrock: Russia-Ukraine War Has Potential Impact on Accelerating Digital Currencies
25.3.2022
The CEO of the world’s largest asset manager, Blackrock, says the Russia-Ukraine war has a “potential impact on accelerating digital currencies.” He confirms that Blackrock “is studying digital currencies, stablecoins and the underlying technologies to understand...
A$DC rocks the Aussie dollar as ANZ bank mints first AUD stablecoin
24.3.2022
“Most of the industry utilizes non-bank and often unregulated USD stablecoins. Now with this Big 4 bank-issued AUD stablecoin, the use case is a lot more compelling,” said ZeroCap CEO Ryan McCall
TòrÒnet a Blockchain Platform Built Specifically for Financial Inclusion Launches With Four Stablecoins
17.3.2022
PRESS RELEASE. TòròNet recently announced the launch of the network’s mainnet, following nearly six months of operating a testnet. The blockchain was launched together with stablecoins in four currencies in the African sub-continent to start. The blockchain is built specifically...
'Millionaire' stablecoin wallet addresses surpass 12 million
16.3.2022
It appears the number of 'stablecoin millionaires' has been growing steadily throughout the year
Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days
15.3.2022
During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the two biggest gainers in terms of 30-day issuance include Terra’s UST jumping 29.9% and Neutrino Protocol’s...
Terraform Labs donates $1.1B for Luna Foundation Guard's reserves
11.3.2022
High demand for UST has led to a pool imbalance on Curve Finance, requiring intervention
Report: Billion-Dollar Hedge Fund Fir Tree Eyes Shorting the Stablecoin Tether
11.3.2022
The hedge fund Fir Tree Capital Management’s investors claim it has developed a method to short the stablecoin tether. A report notes that “clients of the firm” said the potential to reap big rewards from shorting the world’s largest stablecoin is great. Investors...