Stablecoin Financial News

10.07 / 21:51

Stablecoin CBDC regulation Bank of England BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’

Andrew Bailey, a Bank of England (BOE) governor, delivered a speech July 10 in which he moved smoothly from the central bank’s efforts to control inflation and maintain public trust in financial institutions to why cryptocurrencies are not money. Instead of cryptocurrencies and stablecoins, he would prefer “enhanced digital money.”

10.07 / 19:57

Stablecoin regulation security DLT Parliamentary report recommends Canada recognize, strategize blockchain industry

A Canadian House of Commons committee report has recommended that the country “recognize blockchain as an emerging industry,” and take all the steps that entails. There are a lot of steps needed, it said.

10.07 / 19:57

Blockchain Ethereum Stablecoin defi Developers Tokens Standard Multichain Connext founder proposes 'Sovereign Bridged Token' standard after Multichain incident

An Ethereum Improvement Proposal (EIP) made on July 7 seeks to standardize how tokens are bridged between networks. The “Sovereign Bridged Token” standard, or EIP-7281, allows token issuers to create canonical bridges across multiple networks.

10.07 / 17:29

Stablecoin CBDC MICA Lawyers Stablecoin adoption European Union's MiCA Legislation and its Impact on Stablecoin Adoption: Lawyers Raise Concerns

The European Union's Markets in Crypto-Assets (MiCA) legislation, enacted on May 31, has generated praise and concerns within the crypto industry.

10.07 / 04:57

Stablecoin Adoption regulation Europe Tether European Union Usd Coin Lawyers MiCA's stablecoin transaction cap stifles crypto adoption, say lawyers

Stablecoin use could be "stifled" by daily transaction caps in the European Union's Markets in Crypto-Assets (MiCA) legislation, with some calling for the framework to be revised.

06.07 / 15:13

Stablecoin Tax Police Today in Crypto: BNB Chain Was the Most Targeted Chain in Q2 with 36 Incidents, Crypto Scammers Posing as Canadian Police Officers, Bill to Exempt Foreigners in Israel from Crypto Taxes Passes Preliminary Reading

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

05.07 / 11:53

Blockchain Stablecoin Adoption Tether Bitcoin AI would pick Bitcoin over centralized crypto - Tether CTO

If humanity were to amalgamate with artificial intelligence in the future, Bitcoin could be the native currency of choice for sentient machine intelligence, according to Tether CTO Paolo Ardoino.

05.07 / 10:41

Stablecoin CBDC stablecoins copper Current CBDC Models Aren't Viable for Everyday Transactions: Copper's Research Head

In an interview with The Block, Fadi Aboualfa, the head of research at crypto brokerage Copper, expressed that the existing Central Bank Digital Currency (CBDC) models are "not a viable cash equivalent that people could use in daily transactions."

04.07 / 23:15

business Stablecoin Tether Usd Coin Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin

Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to the region’s dollar, which could challenge the dominance of Tether and USD Coin.

04.07 / 18:01

Stablecoin USDT USDC New Proposal: Hong Kong Should Issue Stablecoin to Rival USDT and USDC

In a revolutionary move, Hong Kong is exploring the idea of launching its Stablecoin, HKDG, to rival established Stablecoins like USDT and USDC.

04.07 / 15:09

Ethereum Stablecoin Sport Legal Credit Suisse Bitcoin defi protocols Standard Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi Protocols' Security, China Tightens Exports of Two Key Materials Used in Computer Chips

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

03.07 / 18:13

Blockchain COST Stablecoin coinbase Software Coinbase Aims to Modernize Direct Deposit Systems via Blockchain Stablecoin Settlements

Coinbase has said it wants to modernize its direct deposit system using blockchain-based stablecoin settlements instead of the traditional ACH deposits.

01.07 / 23:29

Stablecoin CBDC PayPal SUI network Cross-border Six Clovers Unveils Versal Network for Cross-Border Crypto Payments in Stablecoins and CBDCs

On June 29, Six Clovers, a company founded by former PayPal business and technology leaders Jim Nguyen and Nas Kavian, introduced the Versal Network on Sui blockchain.

30.06 / 04:09

Government Stablecoin regulation regulatory Crypto 'regulatory approach isn't needed now' — New Zealand central bank

The New Zealand central bank is ramping up its monitoring of stablecoins and crypto-assets following public submissions, but has stopped short of calling for a “regulatory approach.”

29.06 / 13:49

Stablecoin Adoption Payments Bitcoin Bitcoin salary: Employees choose crypto paychecks amid economic instability

Political and economic tensions around the world are making some people more willing to receive their pay in cryptocurrencies like Bitcoin (BTC), according to executives in the human resources industry.

29.06 / 09:51

Blockchain cryptocurrency Stablecoin regulation Tax lawmakers Landmark Report: Canadian Lawmakers Advocate for Comprehensive Blockchain Strategy

Canadian lawmakers' recent report has recognized blockchain, crypto, and mining as innovative industries with "significant, long-term" potential, in need of better regulation.

29.06 / 02:01

business Blockchain Stablecoin Adoption regulation Central Bank Framework Italy’s central bank calls for framework to prevent stablecoin runs

Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins.

28.06 / 22:55

Stablecoin Adoption RBI Central Bank Reserve Bank of India RBI lists risks of stablecoin for developing economies, calls for global regulation

Stablecoin has a lot of potential to harm emerging markets and developing economies, the Reserve Bank of India (RBI) claimed in its latest Financial Stability Report, released June 28. The report listed six threats that stablecoin presents.

28.06 / 13:07

business Blockchain Stablecoin Adoption Latin America Paxos Paxos and MercadoLibre partner up to bring USDP to Mexico

Blockchain fintech company Paxos and online marketplace MercadoLibre have entered a partnership to bring the Pax Dollar (USDP) stablecoin to Mexico via the MercadoPago payment service on June 28.

25.06 / 09:39

business Blockchain Stablecoin Tokens Terra Terra Classic Terra Allies’ Six Samurai team aims to revive the ecosystem

After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team consisting of six senior full-stack engineers.

24.06 / 08:09

Blockchain Ethereum Stablecoin Tokens Aave Redemptions Trader takes $4M short position on TrueUSD as issuer halts mints and redemptions

Following TrustToken’s decision to temporarily halt mints and redemptions of its TrueUSD (TUSD) stablecoin through its banking partner, Prime Trust, a trader has taken advantage of the situation by initiating an on-chain short position.

Stablecoin Financial News

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