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Key U.S. Lawmaker McHenry Says House Has 'Workable' Stablecoin Bill
20.3.2024
U.S. Rep. Patrick McHenry (R-N.C.) said some of the recent chaos in Congress derailed crypto legislation for a while, but a stablecoin bill is largely worked out in the House of Representatives and just needs a schedule floor vote
Stablecoin Project Gyroscope to Conduct Points Program, Launch High-Yield Liquidity Pools
19.3.2024
Gyroscope seeks to boost its GYD stablecoin with new products servicing airdrop farmers and yield seekers
Bitfrost and Stacks Foundation Team up to Enhance Bitcoin Utility
14.3.2024
In a recent development, the Bitfrost Foundation has allied with the Stacks Foundation to explore new opportunities within the Bitcoin ecosystem. This partnership is dedicated to harnessing Bitcoin’s potential by introducing innovative use cases and improving interoperability with assets...
Fireblocks, Zodia Markets Partner to Improve Cross-Border Payments
14.3.2024
The two crypto firms are attempting to improve cross-border payments via stablecoins for large corporations and institutions
Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox
14.3.2024
On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into...
Israeli Crypto Firm Launches Pilot for First Shekel-Backed Stablecoin
14.3.2024
Israel has taken a significant step in the cryptocurrency domain by green-lighting a pilot for BILS, the first stablecoin pegged to the New Israeli Shekel. Bits of Gold and Israeli Authority Launch BILS Stablecoin in Regulatory Sandbox The initiative, spearheaded by the crypto broker Bits of Gold...
EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA
13.3.2024
The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies
Hong Kong Central Bank Unveils Sandbox for Stablecoin Issuers to Test Operations
12.3.2024
Hong Kong's central bank on Tuesday introduced a sandbox program for stablecoin issuers. This initiative offers a controlled environment for potential issuers to experiment with stablecoin projects in a risk-free manner.
The post Hong Kong Central Bank Unveils Sandbox for Stablecoin Issuers to Test...
Hong Kong's Central Bank Starts Regulatory Sandbox for Stablecoin Issuers
12.3.2024
The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox
MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns
11.3.2024
BA Labs submits an emergency rate adjustment proposal in the MakerDAO forum to raise fees, aiming to stabilize DAI against market turbulence and shrinking reserves.
The post MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns appeared first on Cryptonews
Ethena’s USDE Yield Hits 67%, Outpacing Most Stablecoin Returns
8.3.2024
According to the most recent figures, Ethena’s USDE now boasts an APY of 67.2%, positioning it among the top annual percentage rates within the realm of stablecoin decentralized finance (defi). Furthermore, the supply of this stablecoin has expanded significantly, increasing by 414.6% in...
Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge
5.3.2024
As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $300K to $100 Billion: Tether’s Meteoric...
Tether Launches Recovery Tool for Migration of USDT Across Blockchains in Case of Disruptions
5.3.2024
Tether, a major stablecoin issuer and one of the leading players in the crypto market, has introduced a recovery tool to facilitate the seamless migration of its USDT stablecoin between different blockchains.
The post Tether Launches Recovery Tool for Migration of USDT Across Blockchains in Case...
Tether's USDT Stablecoin Touches $100B Market Cap, Benefiting From Crypto Trading Frenzy
4.3.2024
USDT, a stablecoin issued by Tether, hit the $100 billion market value for the first time in its history, according to CoinGecko data, as the rally on crypto markets expanded
Bank for International Settlements Releases Executive Summary of Global Stablecoin Recommendations
1.3.2024
The Bank of International Settlements (BIS) has released its recommendations for the regulation, supervision, and oversight of global stablecoin arrangements, according to an executive summary published on February 29.
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Japan Positioned as Global Leader in Compliant Crypto Payments, Says Report
28.2.2024
Japan is a global leader in compliant crypto payment services, according to a report published today by independent finance news outlet FinanceFeeds. The conclusion comes off the back of an announcement by Japanese Web3 payments app Slash that it has facilitated a total of more than $10,000,000...
USDC Grows In Non-US Markets as Market Cap Taps $28 Billion
27.2.2024
The market capitalization of Circle’s USDC moved past $28 billion with a gradual increase from Q4 2023 amid wider institutional investments.
The post USDC Grows In Non-US Markets as Market Cap Taps $28 Billion appeared first on Cryptonews
Stablecoin Market Capitalization Hits $138 Billion as Volume Grows by 4.5% this Month
26.2.2024
The stablecoin market capitalization has soared 1.95% to hit $138 billion in February recording a fifth consecutive monthly growth since September 2023.
The post Stablecoin Market Capitalization Hits $138 Billion as Volume Grows by 4.5% this Month appeared first on Cryptonews
Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain
22.2.2024
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron...
Collapsed Real Estate-Backed Stablecoin Charts Path to Recovery
21.2.2024
Tangible is looking to move past its failed stablecoin after learning the liquidity lesson the hard way