Stablecoin Financial News
04.08 / 21:17
markets
business
Stablecoin
coinbase
stocks
Banks
interest rate
Coinbase earnings show the company is now much more than just an exchange
Coinbase, a leading U.S. cryptocurrency exchange, shared its second-quarter results on Aug. 3. Despite showing a net loss, some positives emerged, like a 13% cut in operating expenses from the last quarter and a 3% boost in its cash reserves to $5.5 billion.
04.08 / 15:09
Ethereum
Stablecoin
education
Legal
Court
US DoJ
Shuts Down
Fried
Sam
bail
Customers
Today in Crypto: Bank of Russia Reveals Official CBDC Logo, Revolut Shuts Down Crypto Platform for its US Customers, US DoJ Asks Sam Bankman-Fried's 'Bail be Revoked and Defendant be Detained'
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
03.08 / 22:25
Stablecoin
Tether
USDT
Circle
Maker
DAI
USD
Tether (USDT) Loses 1:1 to US Dollar Amid Heightened Sell Pressure in Curve’s 3pool
Tether (USDT), the USD-pegged stablecoin issued by web3/fin tech company Tether, fell slightly below its 1:1 peg against the US dollar on Thursday on decentralized exchange (DEX) Curve Finance, pushing the DEX’s main stablecoin liquidity pool (Curve 3pool) into imbalance.
03.08 / 17:51
Blockchain
Stablecoin
defi
Hackers
Curve Finance
shock
events
Curve's crvUSD depegs as market reacts to shock events
Curve Finance's native stablecoin crvUSD briefly depegged on Aug. 3, reacting to an uncertain environment surrounding the protocol after its recent exploit. In the course of the day, the stablecoin fell by as much as 0.35% before regaining its peg to the United States dollar.
03.08 / 15:47
Stablecoin
FIVE
Cooper
regulation
cover
Stablecoin Bill
Stablecoin Bill's Failure Reflects Deepening Political Divide in Crypto
The passing of a much-discussed stablecoin bill last week in the House Financial Services Committee revealed just how deep the political divide in Washington has become, a recent Fortune Crypto newsletter said.
03.08 / 11:13
business
Blockchain
Stablecoin
Binance
Tokens
Trading Pairs
Binance starts BTC/FDUSD and ETH/FDUSD trading pairs with zero-fees
Crypto exchange Binance, on Thursday, August 3, announced that it would be opening trading for the Bitcoin/First Digital USD (BTC/FDUSD) and Ethereum/ First Digital USD (ETH/FDUSD) trading pairs alongside an updated zero-fee Bitcoin and Ethereum trading with newly added FDUSD stablecoin spot and margin pairs.
02.08 / 22:13
Stablecoin
Binance
Tether
stablecoins
Binance CEO CZ Explores Diversifying Stablecoin Strategy, Eyes Smaller Algorithmic Tokens
During a Twitter "Ask Me Anything" (AMA) session on July 31, Binance CEO Changpeng "CZ" Zhao expressed his intention to introduce smaller algorithmic Stablecoins to the market for investors to have alternatives to the existing global Stablecoin giants.
02.08 / 20:41
markets
Stablecoin
Altcoin
Polygon
Aave
recovery
AAVE price takes double-digit hit, but strong fundamentals point to eventual recovery
AAVE, the governance token of the decentralized finance (DeFi) protocol Aave, experienced a 17% decline between July 30 and August 1, reaching the $62 level.
01.08 / 06:21
business
Stablecoin
regulation
coinbase
Circle
Usd Coin
analysts
US defense bill may be ‘problematic’ for USDC and stablecoins: Analysts
Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way.
01.08 / 02:05
business
Law
Stablecoin
Binance
regulation
‘Let's just diversify and see' — Binance CEO on its stablecoin strategy
Binance CEO Changpeng ‘CZ’ Zhao is looking to bring smaller algorithmic stablecoins to the market, in a bid to offer investors options other than the current global stablecoin giants.
31.07 / 10:01
markets
Stablecoin
Bitcoin
Bitcoin Price
Dollar
week
BTC price ‘fireworks’ after monthly close? 5 things to know in Bitcoin this week
Bitcoin (BTC) heads into a new week, with a new monthly close still stuck in one of its narrowest-ever ranges.
28.07 / 04:53
Law
Stablecoin
regulation
Self Custody
week
'Historic week' as stablecoin, self-custody bills advance to House floor
The House Financial Services Committee has advanced another two landmark crypto bills previously under consideration — with one aiming to better regulate stablecoin issuers and another seen as positive for crypto self-custody in the United States.
27.07 / 20:29
business
Stablecoin
Adoption
MakerDAO
DAI
boost
MakerDAO increases DAI yield in a bid to boost demand
A proposal seeking to temporarily increase the interest rate granted to holders of stablecoin Dai (DAI) was approved by the MakerDAO community on July 27, raising yields for tokenholders to as high as 8%.
27.07 / 19:37
Blockchain
UPS
Stablecoin
Aware
Bitcoin
Executive
Executive Director of Wyoming's Stablecoin Project to Earn More Than Governor Mark Gordon
The US state of Wyoming is seeking to hire an executive director for its new stablecoin project, and the position will pay an annual salary of $150,000, which is $10,000 more than the state’s governor.
27.07 / 16:47
business
Stablecoin
regulation
analyst
Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst
Stablecoins cannot be compared to bank deposits in terms of risk, argues a new policy paper authored by former Federal Reserve Board analyst Brendan Malone on behalf of technology investment firm Paradigm.
27.07 / 16:19
Law
Stablecoin
regulation
Congress
negotiations
Stablecoin Bill
Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations
United States House Financial Services Committee chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill.
27.07 / 08:35
markets
Stablecoin
Bitcoin
Bitcoin Price
Bitcoin Bull Run
Bull run
Bitcoin bull run next? Bitfinex stablecoin ratio 'blows up' in 2023
Bitcoin (BTC) is facing the prospect of a “big bull move” as stablecoin buying power returns, on-chain data hints.
26.07 / 11:23
Blockchain
Stablecoin
Adoption
Binance
Binance lists new zero trading fee stablecoin, halts shortly after on technical issues
The recently introduced stablecoin, FDUSD, which was scheduled to be listed on Binance on July 26, 2023, at 08:00 (UTC), enabling trading for FDUSD/BUSD and FDUSD/USDT spot and margin trading pairs has now been postponed to restart at 2023-07-26 14:00 (UTC) due to FDUSD pairs’ liquidity providers experiencing technical issues.
26.07 / 00:03
Stablecoin
CBDC
Ripple
regulation
Backed
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
The government of Palau is set to begin a pilot project for a United States dollar-backed stablecoin on July 26. The new coin will be issued on XRP Ledger.
25.07 / 12:39
business
Blockchain
Stablecoin
CFTC
regulation
SEC
Former CFTC chairman says stablecoins can be a bridge between two worlds
The former chairman of the United States Commodity Futures Trading Commission (CFTC), Timothy Massad, highlighted the importance of government attention being paid to the stablecoin ecosystem in an interview with CNBC.
24.07 / 20:09
markets
Stablecoin
defi
Burn
DAI
3 reasons why Maker (MKR) fundamentals hint at further price upside
Maker has gained 53.5% over the past month, and the cryptocurrency witnessed a remarkable 28.1% surge between July 15 and July 22, achieving its highest daily close in nearly a year. While the gains are impressive, the real question is: Can the cryptocurrency sustain its current trajectory, or were short-term factors behind the price pump?
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