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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...
Declining Demand for Binance's BUSD Represents New Chapter in Stablecoin Wars
5.1.2023
The largest crypto exchange’s Binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share
Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi
5.1.2023
A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to private stablecoins
Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale
4.1.2023
Judge Martin Glenn found the terms of use for the Earn program “unambiguous,” and besides that, treating account holders as unsecured creditors was more equitable
What is USD Coin (USDC), fiat-backed stablecoin explained
30.12.2022
USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the highly volatile cryptocurrency market
Vader will shut down stablecoin USDV, cannot find a 'breakthrough'
29.12.2022
The remaining treasury will be distributed to users through a redemption app until June 2023, according to the protocol
Bank of India report calls for regulatory coordination on crypto market challenges
29.12.2022
The RBI’s latest financial stability report accentuated the negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulation
How Tether Can Be a More Stable Stablecoin
29.12.2022
Tether, the world's biggest stablecoin, has a problem. When the going gets tough, Tether users want out of Tether. What can the company do to change things?
The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg
28.12.2022
2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last...