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Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter
31.7.2023
The company said its operational profits exceeded $1 billion in Q2 this year
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...
MakerDAO increases DAI yield in a bid to boost demand
27.7.2023
The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%
Executive Director of Wyoming's Stablecoin Project to Earn More Than Governor Mark Gordon
27.7.2023
The US state of Wyoming is seeking to hire an executive director for its new stablecoin project, and the position will pay an annual salary of $150,000, which is $10,000 more than the state’s governor.
According to the job post for the position, the executive director will be in charge of carrying...
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
MakerDAO Looks to Ignite Growth for $4.6B DAI Stablecoin with Up to 8% Reward
27.7.2023
The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year
Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations
27.7.2023
Republican leadership has blamed the Biden administration for not having a "sense of urgency" on stablecoins, while the Democratic response suggested "impatience" by lawmakers
White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry
27.7.2023
The move comes a day after the finance-focused lawmakers agreed bills on crypto market structure
Ripple partners with The Republic of Palau for new stablecoin
27.7.2023
Ripple recently announced a partnership with the Republic of Palau. The blockchain network has been making waves ever since its monumental win against the SEC. The collaboration will see Ripple and the Republic of Palau piloting a US dollar-backed stablecoin. The project will take place on the...
XRP Price Prediction as Pacific Island of Palau Begins to Trial Stablecoin Built on XRP Ledger – Adoption on the Rise?
27.7.2023
The XRP price has risen by 2% in the past 24 hours, rising to $0.716275 after the Federal Reserve raised its base rate by 0.25% yesterday.
Despite rate hikes usually having a negative effect on financial markets, investors seem to regard yesterday's move as one of the last the Federal Reserve will...
Bitcoin bull run next? Bitfinex stablecoin ratio 'blows up' in 2023
27.7.2023
A "major leading indicator" for Bitcoin is pointing the way toward a classic repeat of bullish BTC price phases, analysis says
Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback
26.7.2023
As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to a stablecoin labeled first digital usd (FDUSD)...
Pacific Island Group of Palau Starts Stablecoin Trial on XRP Ledger
26.7.2023
The country has been distributing PSC (Palau stablecoin) for three weeks and the test will run through August
Binance lists new zero trading fee stablecoin, halts shortly after on technical issues
26.7.2023
Ahead of the launch, Binance said it would offer zero maker fees for all FDUSD trading pairs
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
26.7.2023
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees
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...
Former CFTC chairman says stablecoins can be a bridge between two worlds
25.7.2023
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility when it comes to regulations