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Nalezeno "stablecoin": 3929

USDC will launch natively on Base network 'next week' — Jeremy Allaire

29.8.2023
Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version

Republican Trio Voices Concerns on Fed's Influence on Stablecoin Regulation

29.8.2023
Three Republican lawmakers have lashed out at the Federal Reserve regarding its recent moves to strengthen oversight of banks' cryptocurrency and stablecoin activities. In a Monday letter to Fed Chair Jerome Powell, the lawmakers argued that these actions are undermining their efforts to pass...

Republican Lawmakers Accuse Fed of Obstructing Advancements on Stablecoin Bill

29.8.2023
A group of Republican lawmakers have expressed their concerns regarding the Federal Reserve's recent measures aimed at strengthening its oversight of crypto and stablecoin activities within banks. These lawmakers have complained that such actions are hindering the advancement of their proposed...

Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress

29.8.2023
Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the lawmakers, “The Fed has chosen to effectively...

US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction

28.8.2023
The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions

Web3 Experts: Hong Kong Government-Backed Stablecoin Can Become a Global Currency, Challenge Dollar Dominance

26.8.2023
According to Wang Yang and Wen Yizhou, a stablecoin issued by the Hong Kong government has the potential to become an international currency and may challenge the U.S. dollar in certain places. However, in their latest opinion piece, Yang and Yizhou said the envisaged stablecoin will only succeed...

Polygon Network Embraces Colombian Peso Stablecoin nCOP – Crypto Adoption on the Rise?

25.8.2023
A stablecoin pegged to the Colombian peso (COP) has gone live on the Polygon network, stablecoin issuer Num Finance announced on Thursday. The new stablecoin, called nCOP, is a traditional fiat-backed stablecoin, and was described by Num Finance in a post on X as “overcollateralized” in a way that...

PayPal's PYUSD struggles with early adoption — Nansen

25.8.2023
PayPal's stablecoin debut raised hopes for broader adoption and an introduction of cryptocurrencies to the masses. Early adoption trends paint a different picture

Tether Reserves Report: USDT Maintains Dominance With $86.1 Billion Market Cap, Over 100% Reserve-Backed

25.8.2023
Stablecoin issuer Tether posts its total market capitalization at $86.1 billion as it maintains its leading market share despite growing competition and uncertain regulatory conditions. In the company’s reserve report, while total assets stood at $86.1 billion, its liabilities amounted to $82.8...

Tether Reserves Report: USDT Maintains Dominance With $86.1 Billion Total Assets, Over 100% Reserve-Backed

25.8.2023
Stablecoin issuer Tether posts its total assets at $86.1 billion as it maintains its leading market share despite growing competition and uncertain regulatory conditions. In the company’s reserve report, while total assets stood at $86.1 billion, its liabilities amounted to $82.8 billion....

Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery

25.8.2023
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline...

Palau’s Stablecoin Audit Process Advances

25.8.2023
Palau’s Ripple-backed stablecoin pilot audit process is advancing, with the Ministry of Finance collaborating with auditors and turning in more than 200 documents for review. Jay Hunter Anson, a Palau Ministry of Finance member, explained he was ready to show auditors that every transaction...

Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says

25.8.2023
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing

Tether maintains $3.3B in liquidity cushion: USDT transparency report

25.8.2023
The total assets under Tether stand at $86.1 billion with total liabilities amounting to $82.8 billion — thus confirming a reserve backing of over 100%

Cypher Says Token Offering Part of Steps to Make Users Whole

25.8.2023
The Solana-based digital asset exchange announced on Aug. 23 that it is planning the “most fair” token launch in the history of Solana. According to Cypher, part of the funds raised via the initial decentralized offering will be used “to sustain protocol development, pay...