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Stablecoin Balance Sheets Can Be Supervised, BIS and UK Central Bank Project Claims
31.7.2024
Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, the report said
Bybit Launches Digital Rupee for Secure INR Payments
30.7.2024
The crypto exchange Bybit has introduced a digital rupee (eRupee) as a new payment method for Indian rupee transactions. The launch aims to provide a secure alternative for INR users on its platform. Bybit Aims to Enhance INR Payments With Launch of Digital Rupee Bybit, a digital currency trading...
Circle Said to Be Trading Around $5B Valuation Ahead of Planned IPO: Sources
30.7.2024
The issuer of stablecoin USDC was valued at as much as $9 billion when it first tried to go public in a failed SPAC deal in 2022
Tether dominates with $113B post-SVB collapse — IntoTheBlock
30.7.2024
Tether’s market cap surges post-SVB collapse, driven by liquidity and accessibility, says ITB’s Vincent Maliepaard
Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use
30.7.2024
Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits...
Bank of England to Carry Out CBDC, Digital Ledger Experiments
30.7.2024
In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound
FINMA Warns Stablecoins Threaten Swiss Financial Reputation
28.7.2024
The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss financial centre. Stablecoin...
Stablecoin Default Guarantees Pose Risks to the Issuing Banks, Swiss Regulator Says
26.7.2024
FINMA's guidance explains how banks can limit the risks associated with guaranteeing stablecoin customers' deposits
Lightning Labs Rolls out Taproot Assets Seeking to Bring Stablecoins to Lightning Network
26.7.2024
Lightning Labs, an institution dedicated to research and development related to the Lightning Network, Bitcoin’s second layer, has announced the rollout of Taproot Assets. This solution allows for issuing multiple tokens on top of it. The institution aims to capitalize on the popularity...
Stablecoins Signal Crypto Ecosystem Buoyancy as Market Cap Jumps to $164B
25.7.2024
Renewed expansion in stablecoins is bullish for the broader crypto market
Rho Markets returns online with no funds lost after $8M Oracle issue
22.7.2024
The MEV bot responsible for profiting nearly $8 million in stablecoins returned the funds but wanted the Rho Markets team to admit it was not a hack or exploit
Rho Markets returns online with no funds lost after $8M Oracle issue
22.7.2024
The MEV bot responsible for profiting nearly $8 million in stablecoins returned the funds but wanted the Rho Markets team to admit it was not a hack or exploit
Australian stablecoin startup Stables expands to Europe
22.7.2024
Stables co-founder Bernado Bilotta says stablecoins are starting to break free of “crypto-native” applications and make their way into the mainstream
Australian stablecoin startup Stables expands to Europe and UK
22.7.2024
Stables co-founder Bernado Bilotta says stablecoins are starting to break free of “crypto-native” applications and make their way into the mainstream
Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism
19.7.2024
The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited...
Crypto market faces structural weakness: Binance report
19.7.2024
Despite recent improvements, the crypto market remains down 14% from its peak, with new capital inflows slowing and a “Player vs. Player” market emerging
Standard Chartered, Animoca, and Three Others Join HKMA's Stablecoin Sandbox as Participants
18.7.2024
In March, the HKMA started a regulatory sandbox to give potential stablecoin issuers immunity in testing certain operations
Caliza Raises $8.5 Million to Ease Cross Border Payments Using USDC in Latam
17.7.2024
Caliza, a fintech company headquartered in the U.S. but focused on Latam, has raised $8.5 million in a funding round led by Initialized, seeking to expand the reach of its foothold in Brazil. The company offers B2B solutions focusing on USDC, Circle’s regulated stablecoin, providing rails...
Consumers find more use cases onchain, devs face challenges: Solana Foundation
15.7.2024
Decentralized finance is becoming more things to more people. That’s not easy to do
Tether Taps Chainalysis Chief Economist Philip Gradwell as Economics Head
15.7.2024
Gradwell will be responsible for quantifying the Tether economy to regulators