Stablecoin Financial News

27.03 / 22:19

Stablecoin defi Hackers hacks lending DAI Returns Euler Finance exploiter returns another $37.1M worth of ETH and DAI

The architect of the March 13 Euler Finance exploit returned an additional $26.5 million worth of Ether (ETH) to the Euler Finance deployer account on March 27, on-chain data shows.

27.03 / 22:19

business Stablecoin defi regulation DAO MakerDAO MakerDAO passes new 'constitution' to formalize governance process

MakerDAO, the decentralized autonomous organization that governs the Dai (DAI) stablecoin, has passed a new proposed “constitution” intended to formalize governance processes and help prevent hostile actors from taking over the protocol, according to the official forum page for the proposal.

27.03 / 08:21

business Stablecoin regulation LUNC Terra Terra co-founder in S.Korean crosshairs following Do Kwon arrest

Following Terraform Labs’ co-founder Do Kwon’s arrest in Montenegro while trying to board a plane using fake documents, South Korean authorities have turned up efforts to track down and arrest Shin Hyun-Seong, also known as Daniel Shin — Terra’s other co-founder.

27.03 / 02:21

business Blockchain Ethereum Stablecoin defi coinbase inflation network Coinbase wants devs to build inflation-pegged 'flatcoins' on its new 'Base' network

Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base.

24.03 / 23:17

business Stablecoin defi Altcoin Minting MakerDAO votes to keep USDC as primary collateral, rejects 'diversification' plan

MakerDAO, the decentralized autonomous organization (DAO) that governs the DAI stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for DAI. An alternative proposal to “diversify” collateral into Gemini U.S. Dollar (GUSD) and U.S. Dollar Paxos (USDP) has been rejected in a 20% to 79% vote, according to the proposal’s official page.

24.03 / 13:11

business Stablecoin Tether Usd Coin Bitcoin reserves USDT issuer Tether has up to $1.7B in excess reserves, CTO says

Cryptocurrency firm Tether, which issues the stablecoin USDT (USDT), expects to make a $700 million profit in the first quarter of 2023, matching the profits of the last quarter of 2022, Tether chief technology officer Paolo Ardoino told Cointelegraph at Paris Blockchain Week 2023.

24.03 / 01:13

Government Stablecoin CBDC regulation privacy Future The world could be facing a dark future thanks to CBDCs

During the financial crisis of 2007–2008, many people lost trust in traditional financial institutions and turned to alternative forms of currency, such as cryptocurrencies. It was a way for people to maintain their financial freedom and privacy in a system that had let them down. However, the rise of central bank digital currencies (CBDCs) raises serious concerns about privacy and freedom.

23.03 / 15:49

Stablecoin Telegram Tether USDT Social Network TON TRON services Telegram Messenger App Launches USDT Transfer Feature Within Chats, Expanding Crypto Services – Crypto Adoption on the Rise?

Telegram users can now transfer the world's most popular stablecoin, Tether (USDT), through chats.

23.03 / 01:55

business Blockchain Technology Stablecoin transactions swift Usd Coin Withdrawals Xapo Bank to enable USDC deposits and withdrawals

Bitcoin custodian and licensed private bank Xapo Bank has partnered with financial technology company Circle to integrate USD Coin (USDC) payment rails as an alternative to SWIFT. Payment rails refer to the infrastructure and technology used to facilitate the movement of funds between parties in a financial transaction. Payment rails come in many forms, including traditional bank wires, credit card networks, and blockchain-based platforms.

23.03 / 00:39

Stablecoin CBDC Adoption Study Adopting CBDC could destabilize banks, help households, US Treasury study says

Fully integrating a stablecoin or central bank digital currency (CBDC) into the economy would destabilize banks but improve household welfare, a study released by a United States Treasury division has claimed. The harm to banking caused by the digital currencies could be “significant” in times of stress, it found.

22.03 / 16:41

business Blockchain Stablecoin Tether Circle Tether CTO on USDC depeg: ‘Bitcoin maxis were right all along’ | PBW 2023

At the Paris Blockchain Week 2023, Tether’s chief technology officer Paolo Ardoino spoke with Cointelegraph reporter Joseph Hall to discuss topics like the USD Coin (USDC) breaking its dollar peg and how it highlights the importance of Bitcoin (BTC) and decentralization.

21.03 / 19:19

Stablecoin coinbase MasterCard Gaming USDC Support Crypto users Today in Crypto: Coinbase Halts Support for Signature Bank’s Signet, MetaMask & MoonPay Expand Partnership in Nigeria, India to Hit 156M Crypto Users This Year, Xapo Bank Integrates USDC Payment Rails

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

21.03 / 02:35

business Stablecoin Adoption MasterCard Usd Coin Mastercard to settle transactions for stablecoin wallet in APAC

Global payment provider Mastercard is launching a stablecoin digital wallet integration with the Australian stablecoin platform Stables.

17.03 / 23:53

business Stablecoin Circle Usd Coin moody’s regulatory USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s

Recent turmoil in the traditional banking sector, culminating in USD Coin (USDC) losing its peg, could negatively affect stablecoin adoption and potentially increase calls for regulation, argued credit rating agency Moody’s Investors Service.

17.03 / 21:27

business Stablecoin Metaverse Circle SVB Signature Bank collapses Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up

Crypto investors should know by now that it doesn’t take much to topple a distressed multi-billion-dollar firm. On March 10, California regulators officially shut down Silicon Valley Bank (SVB) 48 hours after the company disclosed it was in financial distress. As Cointelegraph reported at the time, SVB is the first Federal Deposit Insurance Corporation (FDIC)-insured bank to fail in 2023. That crucial detail prompted federal regulators in the United States to step up and backstop SVB depositors before a bank run could ensue. Although government protections weren’t enough to stem a massive drop in bank stocks once markets reopened on Monday, Bitcoin (BTC) and the broader crypto market soared. Did FDIC bail out Bitcoin? Only time will tell.

17.03 / 15:17

Stablecoin MARKET banking USDC Silvergate tokenization Tokenized Diamond Market Booms Amid Crypto Banking Crisis as Investors Seek Hard Assets – Here's What You Need to Know

At the time when banks were collapsing last weekend and a major stablecoin depegged, tokenized diamond sales jumped 300%.

17.03 / 07:59

Ethereum Stablecoin Adoption Trading Banks Marketplace Usd Coin SVB collapse chilled NFT trading volumes: DappRadar

Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under.

17.03 / 05:29

business Stablecoin coinbase Banks data Crypto users Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash

The collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs).

17.03 / 01:07

business Stablecoin defi MakerDAO bonds DAI MakerDAO passes proposal for $750M increase in US Treasury investments

Lending protocol and stablecoin issuer MakerDAO passed a proposal on March 16 to increase its portfolio holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.

17.03 / 00:37

Stablecoin Adoption Swiss Swiss Bankers Association proposes deposit tokens to develop digital economy

The Swiss Bankers Association released a white paper on how Swiss banks can support the development of the country’s digital economy. A Swiss franc “joint” deposit token is the solution the group settled on.

17.03 / 00:07

markets Stablecoin Banks Federal Reserve Derivatives Silvergate Bitcoin Bears Bitcoin bears could face $440M loss in Friday's options expiry

The rejection that followed Bitcoin's (BTC) rally to $26,500 may appear to be a victory for bears, but $24,750 on March 14 was the highest daily close in nine months. Furthermore, Bitcoin has gained 26.5% since March 10, when the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB).

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