Stablecoin Financial News

13.02 / 14:39

Stablecoin Binance regulation SEC security Paxos sec lawsuit SEC lawsuit against Paxos over BUSD baffles crypto community

Paxos and Binance USD (BUSD) being in the sights of United States regulators sparked various reactions from the crypto community.

13.02 / 14:39

business Stablecoin Binance regulation Paxos Paxos to stop minting BUSD stablecoins for Binance

Blockchain infrastructure platform Paxos will halt issuance of new BUSD (BUSD) stablecoins amid the ongoing probe by the New York regulators.

13.02 / 09:47

business Ethereum Stablecoin Adoption Binance SEC Paxos Lawyers NOT Are stablecoins securities? Well, its not so simple, say lawyers

Recently reported planned enforcement action against Paxos by the United States Securities and Exchange Commission (SEC) over Binance USD (BUSD) has many in the community questioning how the regulator could see a stablecoin as a security.

11.02 / 01:01

business Stablecoin Tether bonds Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report

Stablecoin issuer Tether Holdings is relying on the services of a major Wall Street firm to manage its Treasury portfolio, according to a Feb. 10 report by The Wall Street Journal.

10.02 / 08:55

business Stablecoin Binance regulation Paxos Financial Services Stablecoin issuer Paxos reportedly probed by New York regulators

Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS).

09.02 / 19:09

Stablecoin Mining Latin America LocalBitcoins Tether Legal Investment Testnet Today in Crypto: Aave Announces Launch of GHO Stablecoin on Ethereum’s Goerli Testnet, MakerDAO Establishes Phoenix Labs, LocalBitcoins Closing down

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

09.02 / 15:17

business Stablecoin regulation Tether reserves Tether assets exceed liabilities in new reserves report by BDO

Tether, the issuer of the world’s largest stablecoin by market value, has completed reserves attestation by major global accounting firm BDO.

08.02 / 09:57

Government Stablecoin regulation Altcoin Terra South Korean officials traveled to Serbia to find Do Kwon

The hunt for the controversial founder of the now-collapsed Terra ecosystem, Do Kwon, has intensified with South Korean officials reportedly confirming they sent at least two people to Serbia to track him down.

08.02 / 07:51

Stablecoin CBDC Adoption BIS BIS to launch stablecoin monitoring project and up focus on CBDC experiments

The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development arm and will also launch a new project to monitor stablecoins.

08.02 / 07:11

business Blockchain Stablecoin Adoption Report Central Bank Bank of England Bank of England thinks digital pound can co-exist with private stablecoins

The United Kingdom is a step closer to launching a Central Bank Digital Currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Britcoin.”

06.02 / 23:45

Stablecoin regulation SEC security Australia and the UK share their big picture of crypto: Law Decoded, Jan. 31–Feb. 6

The U.K. outline of the future financial services regulatory regime for crypto covers a broad range of topics, from the troubles of algorithmic stablecoins to nonfungible tokens and initial coin offerings. And it’s certainly good news for the industry, as the upcoming regulation doesn’t propose a ban on algorithmic stablecoins or excessive requirements on data sharing for digital asset operators.

03.02 / 00:31

Government Stablecoin Adoption defi regulation Europe Euro approved Euro stablecoin launched in Finland, claims to be first approved in the EU

Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.”

02.02 / 17:01

Stablecoin regulation Altcoin Tether Terra Tether CTO Paolo Ardoino on taking the bull by the horn

Stablecoins have been under much scrutiny after the implosion of the third-largest stablecoin by market cap, TerraUSD (UST), in May 2022. The UST saga led to a lot of skepticism that caused consumers to question the safety of stablecoins.

01.02 / 21:11

business Blockchain Stablecoin DAO MakerDAO launches $5M legal defense fund

According to a new social post on Feb. 1, Maker decentralized autonomous organization, or MakerDAO, has approved the creation of a new fund dedicated to expenses related to legal defense.

01.02 / 14:11

business Stablecoin regulation Tether Celsius Borrowing Tether CTO denies borrowing from bankrupt lender Celsius

Tether (USDT) — the world’s largest stablecoin by market capitalization — has never received any loan from the bankrupt cryptocurrency lender Celsius, according to the chief technology officer.

01.02 / 13:47

Stablecoin Adoption regulation ICO crypto framework UK treasury Framework UK Treasury publishes crypto framework paper: Here's what's inside

His Majesty’s Treasury published a long-anticipated consultation paper for the United Kingdom's upcoming crypto regulation. The extensive 80-page document covers a broad range of topics, from the troubles of algorithmic stablecoins to nonfungible tokens (NFTs) and initial coin offerings (ICOs).

31.01 / 18:11

business Stablecoin ATM UK native stablecoin integrates into 18,000 ATMs nationwide

A partnership between Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin ($GBPT) accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step towards the U.K. becoming a "crypto hub" and is in line with the government's push to use stablecoins for wholesale settlements.

31.01 / 16:17

Blockchain Stablecoin defi Cardano Backed ADA-backed algorithmic stablecoin Djed launched on Cardano

Since the fall of the Terra (LUNA) algorithmic-stablecoin in mid-2022, many users in the crypto space have developed a weariness towards that particular asset class. The market for algorithmic stablecoins has dropped 10 times what it was at its all-time high prior to the Terra incident.

31.01 / 14:15

Stablecoin regulation NOT Hong Kong will not tolerate algorithmic stablecoins in new regulation

In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didn’t find a place for algorithmic stablecoins. Instead, the chief financial regulator will demand all stablecoin issuers back up their values with underlying reserve assets at all times.

30.01 / 23:03

markets Stablecoin NASDAQ Asia Federal Reserve Interest rates Warner Bros Bitcoin economic data Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears

Bitcoin (BTC) price broke above $22,500 on Jan. 20 and has since been able to defend that level — accumulating 40.5% gains in the month of January. The move accompanied improvements in the stock market, which also rallied after China dropped COVID-19 restrictions after three years of strict pandemic controls.

30.01 / 21:35

Stablecoin CBDC Adoption Central Bank ECB Montenegro's central bank teams up with Ripple on digital currency pilot project

Montenegrin Prime Minister Dritan Abazović has announced on Twitter that his country is pursuing a digital currency in conjunction with Ripple. Abazović met with Ripple CEO Brad Garlinghouse and vice president James Wallis at Davos.

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