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VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg
8.4.2021
The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital...
Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities
1.4.2021
The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm...
South African Companies Convert Cash Holdings Into BTC— Crypto Asset Is Hedge Against Devaluation
30.3.2021
New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According to one report, an open-source software specialist firm, LSD Open, could well be the first South African...
New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs
24.3.2021
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets....
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
21.3.2021
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand,...
Bank of Thailand plans to regulate asset-backed stablecoins this year
19.3.2021
After issuing a warning against a Baht-pegged stablecoin produced by a South Korea-based firm, Thailand plans to introduce a series of regulations for stablecoins in 2021
Tether Stablecoin Expands Its Reach to Another Blockchain
11.3.2021
Tether has announced the expansion of its USDT token to an eighth blockchain
Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval
9.3.2021
Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high
Badger DAO announces $21 million treasury diversification via VC partners
3.3.2021
Badger DAO has welcomed some deep-pocketed investors into the community with an asset sale aimed at de-risking the treasury portfolio
Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions
28.2.2021
Though the Tether settlement may help bring in more transparency, experts believe that state-centric bans may not be the way out
Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol
28.2.2021
One of DeFi's strangest experiments continues to push the envelope in both governance and architecture
Many pieces of the Diem puzzle still missing as launch gets delayed
26.2.2021
Besides securing approval from Swiss regulators, Diem seems likely to face opposition from government regulators in many countries
ECB wants final say on the legal status of private stablecoins in the EU
23.2.2021
The European Central Bank has demanded veto power from lawmakers in the European Union over private stablecoin projects like Diem
Algorithmic stablecoins aren’t really stable, but can the concept redeem itself?
18.2.2021
Amid much fanfare, many algorithmic stablecoins have not been stable. Is the problem intractable, or it's the just the algorithms that aren't good enough?
What Happens if All Stablecoin Users Have to Be Identified?
18.2.2021
If the U.S. reins in pseudonymity in stablecoin transactions (as seems possible) there could be big implications for the crypto industry, says our columnist
South Korean Blockchain-powered Local Stablecoins Set for Another Boost
17.2.2021
Local stablecoins are making waves in South Korea again, with platforms that allow customers to spend tokens forecasting positive growth in 2021 – and leading candidates in the nation’s two biggest mayoral elections pledging to expand the scope of local government-issued coins.
Much of South Korea...
Tesla's BTC, Apple's Chance, Mastercard's Stablecoins, and 20 Crypto Jokes
13.2.2021
This week started with Tesla announcing USD 1.5 billion worth of bitcoin (BTC) purchase, thus prompting a new BTC price all-time high of USD 48,000. The CME Group launched the trading of ethereum (ETH) futures, while an analyst said that Apple has a “a clear multi-billion dollar opportunity...
Banks Likely to Adopt Stablecoins Cautiously Despite Guidance
11.2.2021
Banks face a stablecoin conundrum: Build their own projects, with all the overhead that implies, or work with well-placed existing providers
No, Mastercard Is Not Adding Crypto Just Yet, It's About Stablecoins
11.2.2021
Source: Adobe/Игорь Головнёв
Following in its biggest competitor, Visa's, footsteps, payments giant Mastercard said it "will start supporting select cryptocurrencies directly on our network." However, at least in the initial stage, it's about stablecoins, which are...
MasterCard announces support for crypto on its network
11.2.2021
MasterCard will allow its almost one billion users to spend cryptocurrencies at more 30 million merchants, although it hasn’t specified which coins will be supported