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Fed takes on stablecoins: 5 things to watch in Bitcoin this week
19.7.2021
Bitcoin continues its recovery from the China mining debacle but price action remains delicate in a low-volume market
Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins
19.7.2021
Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.”
Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
18.7.2021
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. Some Say the Colón-Dollar...
US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC
17.7.2021
U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this...
U.S. financial agencies will meet to discuss the future impact of stablecoins
16.7.2021
They intend to discuss the regulation of stablecoins, as well as the technology's potential benefits and risks
Stablecoins Swelled by $13B in 30 Days, Captured 67% of Today’s Crypto Trade Volume
16.7.2021
Over the last few weeks, cryptocurrency markets have fallen in value as most of these assets reached all-time price highs three months ago. Despite the price drops, 2021 has still been an explosive year for crypto gains and fiat-pegged stablecoins have grown massively as well. 53 days ago,...
Fed Chair Jerome Powell Says ‘You Wouldn’t Need Cryptocurrencies if You Had a Digital US Currency’
15.7.2021
Federal Reserve Chairman Jerome Powell believes that there is no need for cryptocurrencies if there is a digital dollar. “I think that’s one of the stronger arguments in its favor,” he said. The Fed chair also insists that the U.S. is not in danger of losing its reserve currency...
Fed Chair says stablecoins need stricter regulation, speaks on CBDC
14.7.2021
He stated that stablecoins need stricter regulations if they are to be part of the payment universe
Circle CEO Says USDC to Take High Road, But It’s a Long Road
8.7.2021
Jeremy Allaire made the promise at a time when investors have been demanding more transparency around USDC
China's central bank worried about stablecoins' risk to financial systems
8.7.2021
While Visa and other major private payments networks see the potential of stablecoins, China's central bank believes they pose serious risks to global financial systems
Chinese Central Bank Opts For Usual CBDC Rhetoric In Bashing Bitcoin, Stablecoins
8.7.2021
Source: Adobe/Prostock-studio
Similarly to other central banks, China’s central bank has taken another swipe at bitcoin (BTC), stablecoins and “private digital currencies” – claiming that they have inherent potential “risks that threaten financial security.”
At a recent press conference, Fan Yifei...
New Zealand's Reserve Bank consulting public on a potential CBDC
8.7.2021
The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins
Wyoming legally recognizes first DAO in the United States
5.7.2021
Wyoming is further solidifying its position as the most crypto-friendly state in North America
Stablecoins under scrutiny: USDT stands by ‘commercial paper’ tether
2.7.2021
Are stablecoins actually stable? Tether’s basket of reserve assets raises eyebrows as a new round of debate regarding backing begins
Messari: USDC set to become ‘dominant’ stablecoin on Ethereum
1.7.2021
Tether supplies on Ethereum are dwindling as USD Coin demand grows and grows
Foreign CBDCs and stablecoins unlikely to threaten US dollar, says Fed vice chair
28.6.2021
Though Randal Quarles said there was a "legitimate and strong regulatory interest in how stablecoins are constructed and managed," a U.S. dollar-pegged coin could help provide support for its fiat counterpart
Iron Finance bank run stings investors — A lesson for all stablecoins?
28.6.2021
The Iron Finance stablecoin fiasco caused cries for regulation and shed light on the importance of complete collateralization
Boston Fed President Says the ‘Exponential Growth’ of Stablecoins Could ‘Disrupt’ Money Markets
27.6.2021
Boston Federal Reserve president Eric Rosengren discussed stablecoins in a recent presentation on June 25. Rosengren stressed that stablecoins could be a “disruptor” to prime money market funds and the Boston Fed president remarked that the exponential growth of stablecoins...
Federal Reserve official: Stablecoin growth is 'exponential,' deserves 'attention'
26.6.2021
Boston Federal Reserve President Eric Rosengren notes that Tether could be a "disruptor" to short term credit markets
Opera announces support for Celo stablecoins in its crypto wallet app
25.6.2021
Opera has added Celo-based stablecoins to the list of supported assets in its wallet app