Stablecoin Financial News

12.05 / 20:57

Stablecoin Binance regulation security Binance calls it quits in Canada, blames new rules

Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll on the country’s crypto industry.

12.05 / 18:17

Government Law Stablecoin regulation us government The US should promote USDC — before it's too late

Ignore the doomsayers. The United States is still the world’s leading economy and will remain so in the future. With its global talent pool and world-class institutions, the U.S. has a competitive edge in virtually every emergent technology. Web3 is no exception.

12.05 / 18:17

Blockchain Ethereum Stablecoin defi DAI open MakerDAO publishes 5-phase roadmap featuring funding for open-source AI projects

MakerDAO, the organization behind the DAI stablecoin and its related MKR governance token, recently announced a slew of planned updates to its ecosystem, including a heavy focus on artificial intelligence (AI) technologies and the planned development of a new blockchain.

12.05 / 09:47

Blockchain Stablecoin regulation European Union Central Bank European Banking Authority May Veto Large Stablecoins During MiCA Approval Process

The chair of the European Banking Authority (EBA), José Manuel Campa, has argued that central banks should veto stablecoins if they have fears the private, permissionless blockchains and crypto projects could threaten monetary policy.

11.05 / 06:49

Stablecoin Adoption regulation Tether Usd Coin Backed bail Fiat-backed stablecoins could be used to post bail in New York under proposed bill

A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds.

11.05 / 06:03

business Stablecoin Circle Usd Coin National Debt reserves Circle reportedly adjusts USDC reserves to avoid US default risk

Stablecoin issuer Circle has reportedly adjusted its reserves treasury in an effort to reduce the risks of United States debt defaults.

10.05 / 20:39

business Stablecoin Adoption defi Tether Usd Coin reserves Tether has $1.5B in Bitcoin reserves: BDO Italia

BDO Italia's latest attestation report for Tether revealed that Bitcoin (BTC) made up approximately $1.5 billion of the stablecoin issuer's reserves, or roughly 2% of the total, at the end of the first quarter. The accounting firm did not list Bitcoin as a line item in previous reports.

06.05 / 16:43

Blockchain Ethereum Stablecoin defi Hackers hacks Altcoin DEUS Finance loses $6M following stablecoin hack

Decentralized Finance (DeFi) protocol DEUS has lost over $6 million due to a security breach on its stablecoin DEI. The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on May 5, according to blockchain security firm PeckShield.

04.05 / 19:37

Stablecoin Congress Digital Asset hearing services Financial House Financial Services and Agriculture Subcommitees To Hold Digital Assets Hearing

A House Financial Services Committee panel together with a House Agriculture subcommittee plan to unpack digital asset regulation during a hearing next week.

04.05 / 15:19

Blockchain Ethereum Stablecoin Adoption Latin America CEX National Time fall Today in Crypto: Nigeria's Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in 3 Months, INX Works with BitGo to Launch a Pilot Wallet Management Solution for Regulated Security Tokens

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

04.05 / 04:07

Blockchain Ethereum Stablecoin Altcoin Decentralization Dollar $22M of Curve Finance algo stablecoin minted since mainnet launch

Decentralized finance (DeFi) protocol Curve Finance has launched its native algorithmic U.S. dollar-pegged stablecoin, dubbed “crvUSD” on the Ethereum mainnet — minting more than $22 million worth of the crvUSD so far.

03.05 / 21:13

Stablecoin CBDC Adoption wallet Tokens Time moody’s Digitalization won’t displace commercial bank money any time soon: Moody’s

Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust trumps efficiency, it said after surveying a wide range of emerging or potential forms of money.

01.05 / 21:43

Stablecoin regulation UK government Framework regulatory Industry heavyweights respond to UK’s crypto asset regulatory framework proposal

The deadline has come for comments on a consultation paper and call for evidence released by the United Kingdom’s HM Treasury on a proposed crypto asset regulatory framework. The long-awaited paper, published in February, drew detailed responses from a variety of cryptocurrency industry players.

27.04 / 04:11

business Blockchain Stablecoin Adoption us government Congress Circle CEO warns of active and accelerating de-dollarization

The United States must implement stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of stablecoin issuer Circle.

26.04 / 20:45

Stablecoin regulation Digital Asset Bahamas securities watchdog presents comprehensive new draft digital assets act

The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2023 on April 25. The sweeping bill will undergo a consultation period with the goal of enacting it by the end of the quarter.

26.04 / 20:45

Government Law Stablecoin regulation Trading regulatory South Korea’s sweeping crypto bill passes first regulatory hurdles

South Korean legislators passed a first phase review of proposed regulations that would give the nation’s Financial Services Commission authority to investigate and supervise financial activity related to “digital assets,” including cryptocurrency.

26.04 / 07:19

Stablecoin regulation SEC Federal Reserve Usd Coin Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change

The New York Federal Reserve published new rules for counterparties looking to use its money market balancer, casting uncertainty over intentions by stablecoin issuer Circle to use the Fed's systems.

25.04 / 15:19

Blockchain Stablecoin Ripple VISA Bitfinex Entertainment DApp Today in Crypto: Visa’s ‘Ambitious Crypto Product Roadmap’, Bitget’s On-ramp Service for Visa & Mastercard Crypto Purchases, Fractal & XRPL Partner on KYC/AML, Aptos Labs Teams Up with Ledger

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

25.04 / 09:37

Ethereum Stablecoin Adoption Payments VISA Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product

Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments.

24.04 / 22:13

Government Stablecoin regulation Draft bill suggests separating legislation on payment stablecoins and digital asset markets

Republican lawmakers with the United States House Financial Services Committee have released a draft of a bill focused on payment stablecoins rather than overseeing other aspects of digital asset markets.

24.04 / 22:13

Blockchain Technology Stablecoin CBDC Tether Tech Usd Coin Stablecoins must be programmable to counter CBDCs

When it comes to providing stable value, stablecoins and central bank digital currencies (CBDCs) appear to serve two sides of the same proverbial coin. Crypto stable assets, however, can provide entirely different use cases — and CBDCs simply cannot compete.

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