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Iran and Russia want to issue new stablecoin backed by gold
16.1.2023
The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like U.S. dollar, the Russian ruble or the Iranian rial
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin
16.1.2023
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market...
Today in Crypto: Digital Assets Subcommittee in the US, Iran's and Russia's Gold-Backed Stablecoin, UK Sentences Four to 15 Years in Prison
16.1.2023
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: Digital Assets Subcommittee in the US, Iran's and Russia's Gold-Backed Stablecoin, UK Sentences Four to...
How the Biggest Money Experiment in Human History Will Impact Global Payments
15.1.2023
Ran Goldi is VP of Payments for Fireblocks, a provider of digital asset infrastructure.__________ ...
Read More: How the Biggest Money Experiment in Human History Will Impact Global Payments
Nigeria revisits its payments landscape amid sluggish eNaira adoption
12.1.2023
The Nigerian central bank has outlined key focus areas for its national payments system in a two-year roadmap leading up to 2025
DOJ Said to Probe Saber Labs Founders Over Solana-Based DeFi, Stablecoin Projects
11.1.2023
The federal investigation follows a CoinDesk exposé that showed Ian and Dylan Macalinao used a web of 11 pseudonymous identities to build an ecosystem of interlocking financial products around Saber
City of London, British trade groups form new digital currency advocacy alliance
11.1.2023
The UK capital’s governing body is partnering with the Digital Pound Association and other trade groups to promote good crypto policy and practice and the UK’s position as a global financial center
Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023
11.1.2023
The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents...
Albright Capital drops lawsuit against Terraform Labs and Do Kwon
10.1.2023
Terraform Labs is the founder of US Dollar Terra (UST), an algorithmic stablecoin that lost its peg in May 2022
Binance pushes back against report stablecoin isn’t fully backed
10.1.2023
The crypto exchange said there was a "timing mismatch in backing Binance-Peg BUSD with BUSD" seemingly showing data in which the stablecoin was not fully backed at times
UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements
10.1.2023
MP Andrew Griffith and colleagues spoke before a hearing of the U.K. parliamentary Treasury Committee about payments technology and CBDC
Crypto.com Delists Tether’s USDT Stablecoin for Canadian Users
10.1.2023
The move comes after the Canadian Securities Administrators committed to stronger oversight over crypto exchanges following FTX’s collapse
A Binance Stablecoin Wasn't Always Fully Backed: Bloomberg
10.1.2023
The company acknowledged to Bloomberg that the process of maintaining the peg “has not always been flawless,” but said the problem has now been fixed
Euro Stablecoin EURR Issuance Ceased
10.1.2023
Stablecoin issuing protocol e-Money has ended its issuance of EEUR, a coin pegged to the euro, citing current market conditions as the reason
Cosmos EUR stablecoin project to unwind after 2 years
10.1.2023
"The lack of real-world applications for blockchain has led to low demand for non-USD stablecoins," e-Money wrote
Today in Crypto: Expelled Chinese Communist Party Official Shamed on TV for Supporting Crypto Mining, Nigeria Considering a Regulatory Framework for Stablecoin Implementation
10.1.2023
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: Expelled Chinese Communist Party Official Shamed on TV for Supporting Crypto Mining, Nigeria Considering...
UK ‘Fully Behind’ Stablecoin for Wholesale Settlements, Treasury Official Says
10.1.2023
Crypto technology could “turbocharge all of those (financial) industries,” Economic Secretary to the Treasury Andrew Griffith said in a meeting
Nigeria to create the stablecoins and ICOs legal framework
10.1.2023
The necessity to create a legal framework for stablecoins is marked in the latest Central Bank of Nigeria strategy paper
Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin
9.1.2023
Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all cryptocurrency deposits and withdrawals would be paused due to the changes in the service offer of...
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
6.1.2023
According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current level...