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Nalezeno "stablecoin": 3919

FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves

24.2.2023
The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a Minority-owned Depository Institution

The SEC's Stablecoin Hammer, Courtesy Terraform Labs and Do Kwon

24.2.2023
The U.S. Securities and Exchange Commission sued Terraform Labs and Do Kwon last week, alleging the terraUSD stablecoin was a security, alongside various other tokens and products. This feels pretty important

DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack

23.2.2023
The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for the exploit last week

USDC issuer Circle to increase staff by up to 25% amid layoff season

23.2.2023
The plan to expand its workforce comes just months after it mutually called off its plans to go public via a SPAC merger

TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting

23.2.2023
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest...

Frax Finance to retire algorithmic backing amid stablecoin crackdown

23.2.2023
The vote was passed to fully collateralize Frax Finance's native stablecoin, thus phasing out its algorithmic backing

Frax Finance Votes to Fully Collateralize Its $1 Billion Stablecoin

23.2.2023
The vote is a step for Frax’s native stablecoin frxUSD to retire its algorithmic element

New Canadian rules for crypto trading platforms leave little room for stablecoins

22.2.2023
The Canadian Securities Administrators has tightened registration requirements for crypto exchanges for the second time, after the disorder seen in 2022

Binance Shifts to ‘Semi-Automated’ Process to Manage Reserves of Tokens It Issues: Bloomberg

22.2.2023
Reserves for these tokens had previously been mixed with customer funds

BUSD Stablecoin Temporarily Plunges to $0.20 on Binance

22.2.2023
Binance USD (BUSD), the third-largest stablecoin by market cap, spiked to a low of $0.20 against the DAI stablecoin as liquidity dried up on Binance

Chainlink, TrueUSD Start Real-Time ‘Mint Lock’ Verification of Stablecoin Reserves

22.2.2023
The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD

Firm Behind Binance's BUSD Stablecoin in Talks with the SEC – Here's the Latest

22.2.2023
Paxos, a blockchain infrastructure platform and the issuer of Binance’s stablecoin Binance USD (BUSD), is in talks with the U.S. Securities and Exchange Commission over its decision to consider the stablecoin a security. In an email to employees, Paxos CEO Charles Cascarilla said they are having...

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

21.2.2023
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest...

SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount

21.2.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler thinks the cryptocurrency industry is playing a game with his agency. He has said that companies are well aware of what they have to do to operate legally within the U.S., but they’ve decided not to do it – some of them in open scorn...

Paxos is engaged in 'constructive discussions' with SEC: Report

21.2.2023
The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security

Today in Crypto: 'Crypto Trading Activity Increased Markedly in the Wake of Terra & FTX Falls', Huobi Moving from Singapore to Hong Kong, Swarm Launches Tradable Stocks and Bonds On-chain

21.2.2023
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: 'Crypto Trading Activity Increased Markedly in the Wake of Terra & FTX Falls', Huobi Moving from Singapore...