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New Proposal: Hong Kong Should Issue Stablecoin to Rival USDT and USDC
4.7.2023
In a revolutionary move, Hong Kong is exploring the idea of launching its Stablecoin, HKDG, to rival established Stablecoins like USDT and USDC.
As reported by Wu Blockchain, the proposal, co-authored by prominent figures in academia and industry, including Vice Chancellor Wang Yang and angel...
Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi Protocols' Security, China Tightens Exports of Two Key Materials Used in Computer Chips
4.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi...
Coinbase Aims to Modernize Direct Deposit Systems via Blockchain Stablecoin Settlements
3.7.2023
Coinbase has said it wants to modernize its direct deposit system using blockchain-based stablecoin settlements instead of the traditional ACH deposits.
According to a blog post written by Yuga Cohler, a senior software engineer at Coinbase, the company's goal is to update the financial system...
Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June
2.7.2023
The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token economy since May 28. Stablecoin Economy Faces...
Six Clovers Unveils Versal Network for Cross-Border Crypto Payments in Stablecoins and CBDCs
2.7.2023
On June 29, Six Clovers, a company founded by former PayPal business and technology leaders Jim Nguyen and Nas Kavian, introduced the Versal Network on Sui blockchain.
This decentralized global payments network aims to streamline cross-border transactions for businesses worldwide. By utilizing...
Former Goldman Sachs Executive Craig Broderick Joins Stablecoin-Issuer Circle's Board
30.6.2023
The former Goldman Sachs executive Craig Broderick has joined the Board of Directors of Circle Internet Financial, the issuer of the USDC stablecoin.
Broderick served as the chief risk officer at Goldman Sachs for over three decades.
During his tenure at the investment bank, Broderick also...
Stablecoin Wallet Rpay Secures License from OFAC to Continue Operating in Venezuela
29.6.2023
The approval does not absolve Rpay of its compliance duties, but does eliminate the growing compliance risk, the company said
UK Crypto, Stablecoin Rules Receive Royal Assent, Passing Into Law
29.6.2023
The Financial Services and Markets Act 2023 classifies crypto as a regulated financial activity
Bitcoin salary: Employees choose crypto paychecks amid economic instability
29.6.2023
Volatility among some fiat currencies has made stablecoins like USDC a more attractive option for payroll, according to HR executives
Landmark Report: Canadian Lawmakers Advocate for Comprehensive Blockchain Strategy
29.6.2023
Canadian lawmakers' recent report has recognized blockchain, crypto, and mining as innovative industries with "significant, long-term" potential, in need of better regulation.
In September last year, the Canadian House of Commons Parliamentary Standing Committee on Industry and Technology (INDU)...
Italy’s central bank calls for framework to prevent stablecoin runs
29.6.2023
Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.”
RBI lists risks of stablecoin for developing economies, calls for global regulation
29.6.2023
The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto
Paxos and MercadoLibre partner up to bring USDP to Mexico
28.6.2023
The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users
Russians Turned to Tether During Wagner Revolt
27.6.2023
Russian citizens sought refuge in tether amid the brief mutiny of the Wagner mercenary group that shook their country. The ruble-denominated trading volume of the U.S. dollar-pegged stablecoin spiked during the short-lived rebellion, market data revealed. Russians Traded Millions of Dollars’...
TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says
27.6.2023
The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust
Stablecoin Issuer Circle Keeping an Eye on Hong Kong's Crypto Policies Amid Asian Market Focus
27.6.2023
US-based stablecoin issuer Circle is closely monitoring Hong Kong’s crypto policies as the government pushes for a friendly regulatory framework.
Hong Kong is looking to establish itself as a major hub for stablecoins and digital assets markets, Circle CEO Jeremy Allaire said in a recent...
Circle CEO Jeremy Allaire: ‘Other Governments Are Regulating Digital Dollars Before the US’
26.6.2023
Jeremy Allaire, CEO of Circle, the company behind the issuance of usd coin (USDC), has expressed his worries about the state of stablecoin regulation in the U.S. In a congressional hearing, Allaire stated that other governments were already regulating the issuance of digital dollars (dollar-backed...
Terra Allies' Six Samurai team aims to revive the ecosystem
25.6.2023
The Terra Allies senior engineering full stack team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as LUNC holders
Trader takes $4m short position on TrueUSD as issuer halts mints and redemptions
24.6.2023
An Ethereum user used Aave's V2 lending platform by depositing 7.5 million USDC as collateral
Binance US Restores USD Withdrawals, Suggests Users Withdraw or Spend Their Dollars
23.6.2023
The U.S. subsidiary of the world’s largest crypto exchange, Binance, announced it has resolved the issues with U.S. dollar (USD) withdrawals. The trading platform, which recently averted an asset freeze sought by the United States Securities and Exchange Commission (SEC), informed customers...