Stablecoin Financial News

11.04 / 22:19

Stablecoin Adoption Tokenomics Stablecoin less preferable form of tokenized money, BIS paper finds

The singleness of money is the assurance that public and private money trade at the same rates. Even small differences between public and private money rates can have a ripple effect across transactions. A Bank of International Settlements (BIS) working paper compared models of private tokenized money in terms of their singleness as a complement to a central bank digital currency.

11.04 / 08:09

Stablecoin CBDC Adoption Ripple Euro Deal National Ripple, Montenegro sign deal on project for unspecified national digital currency

The Central Bank of Montenegro announced on April 11 that it had signed an agreement with Ripple for the development of a strategy and pilot program for a Montenegrin digital currency in the form of a central bank digital currency, or a stablecoin. The country has used the euro as its currency since its introduction in 2002, despite not being part of the Eurozone.

07.04 / 08:19

Stablecoin defi regulation Bitcoin Regulation Int'l securities body IOSCO prepares crypto regulation report for 2023

The International Organization of Securities Commissions (IOSCO) will launch a consultation for its regulation report on crypto assets already in the current quarter (Q2) of the year. The final recommendations from the Organization are planned to be published by the end of 2023.

06.04 / 22:01

Government Law Stablecoin us government DeSantis is right — CBDCs will lead to absolute government control

Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical that Americans clearly understand and soberly consider the immense power a CBDC could grant governments as well as the unacceptable risk of that power’s potential abuse.

06.04 / 15:47

markets Stablecoin SEC Tether Paxos Usd Coin Dollar Time Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble

Tether (USDT) continues to benefit from the ongoing turmoil in the U.S. dollar-backed stablecoin industry with its market capitalization growing significantly in Q1 2023 at other stablecoins' expense.

06.04 / 15:15

Blockchain Stablecoin Binance Bitfinex Australian Today in Crypto: Sentiment Recovers 90% of Funds from Hacker, Major Chinese State-owned Company Launching Two Crypto Funds, Australian Regulator Cancels Binance's Derivatives License

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

06.04 / 14:13

Blockchain Stablecoin Adoption regulation Japan pushes for friendlier environment for crypto with Web3 proposals

The Web3 project team of Japan’s ruling Liberal Democratic Party has released a white paper containing suggestions for expanding the country’s industry, which has been incorporated into the national strategy by Prime Minister Fumio Kishida’s administration.

05.04 / 18:23

Stablecoin CBDC Adoption Banks Australian ANZ bank completes Australian CBDC use case for carbon credit trading

Australia and New Zealand Banking Group (ANZ) has completed its use case in the pilot project run by the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre using central bank digital currency (CBDC). ANZ partnered with Grollo Carbon Ventures (GCV) to trade carbon credits.

05.04 / 14:33

business Stablecoin Tether SVB Silvergate Bankruptcy Signature Bank Tether 'unequivocally reiterates' no exposure to Signature Bank

After a Bloomberg article alleged exposure between stablecoin provider Tether and the now-collapsed Signature Bank, rumors began to circulate regarding the involvement between the two companies.

04.04 / 21:41

business Stablecoin Tether Banks Signature Bank banking system Stablecoin issuer Tether accessed US banking system using Signature: Report

Tether, the firm behind the largest stablecoin by market capitalization, reportedly allowed its clients to send funds through Signature Bank’s payments platform — granting the firm access to United States banks.

04.04 / 19:25

Stablecoin Adoption PayPal fees Banks Central Bank credit cards PayPal and the credit card industry are taking advantage of consumers

More Americans are unable to pay their credit card bills in full at the end of the month, with 46% of credit cardholders carrying month-to-month debt, up from 39% in 2022. A recent report from the Federal Reserve Bank of New York highlighted how the current 15% year-to-year credit card balance increase represents the largest jump in more than 20 years.

04.04 / 13:03

business Stablecoin regulation Dollar Brazil bank BTG Pactual to issue USD-pegged stablecoin

Major Brazilian investment bank BTG Pactual continues onboarding new cryptocurrency services with the launch of its own stablecoin backed by the U.S. dollar.

02.04 / 13:17

Government Law Stablecoin Adoption Tether Stress test? What Biden’s bank bailout means for stablecoins

The collapse of Silicon Valley Bank (SVB), which suffered a bank run after revealing a hole in its finances over the sale of part of its inflation-hit bond portfolio, led to a depegging event for major stablecoins in the crypto sector, leaving many to wonder whether it was a simple stress test or a sign of weakness in the system.

01.04 / 13:47

business Stablecoin Adoption Tokens Terra Future Do algorithmic stablecoins have a future as centralized coins are under scrutiny?

Binance’s native stablecoin — Binance USD (BUSD) — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the Paxos Trust Company, through a transfer of technology agreement between the two firms.

30.03 / 10:09

Blockchain Stablecoin CBDC regulation Blockchain and regulated stablecoins to be widely used by 2030, industry execs say

Regulated stablecoins are currently in the spotlight of policymakers as a panel of professionals in the digital regulatory space unpacks their predictions on the use of regulated stablecoins in the future at the World of Web (WOW) Summit in Hong Kong.

30.03 / 09:05

Blockchain UPS Stablecoin Digital Japanese Megabank Mitsubishi UFJ Launches Stablecoin Interoperability Pilot

The Japanese megabank Mitsubishi UFJ Financial Group and domestic blockchain players say they have teamed up to launch a stablecoin interoperability pilot.

29.03 / 12:39

Stablecoin regulation Banks BitStamp Silvergate Bitcoin Signature Bank Stablecoins are solution to crypto’s banking problem, exec says

The collapses of banks like Silvergate have certainly impacted cryptocurrency exchanges but there are ways for the industry to survive without the support of banks, one executive believes.

29.03 / 10:47

business event Stablecoin regulation Circle reserves Circle prefers reserves and payment rails with the Fed, says exec

Circle has been subject to discussion in the crypto industry since the depegging of its stablecoin (USDC) due to the collapse of Silicon Valley Bank (SVB) on March 10. Now that the company cleared its backlogs and USDC regained its 1:1 peg with the United States dollar, it is looking towards the future of both the company and the industry.

28.03 / 20:43

Blockchain Stablecoin Adoption defi Cosmos Usd Coin network Circle announces USDC launch for Cosmos via Noble network

USD Coin (USDC) will soon be available in the Cosmos ecosystem via the Noble network (STAKE), according to a blog post from the Noble development team. The post was shared on Twitter by USDC issuer Circle.

28.03 / 16:11

Stablecoin SEC coinbase BaSe Power Coinbase Urges Creation of Stablecoins That Preserve Purchasing Power Amid Dispute with SEC

The US-based crypto exchange Coinbase is calling on developers to create a new and inflation-proof stablecoin for its own blockchain.

28.03 / 12:31

markets Stablecoin Binance CFTC Altcoin Binance Coin Drop Binance-CFTC FUD puts BNB price at risk of drop toward $200

BNB (BNB) looks set to wipe out its March gains entirely as investors turn their attention to the latest regulatory crackdown on Binance, the world's leading crypto exchange by volume.

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