Stablecoin Financial News

17.12 / 01:35

Blockchain Stablecoin Adoption Argentina’s province to issue US dollar-pegged stablecoin

The province of San Luis in Argentina approved a legislation allowing the issuance of its own stablecoin pegged to the United States dollar. The token, dubbed the "Activo Digital San Luis de Ahorro", will be available to all citizens of the province over the age of 18 and 100% collateralized in liquid financial assets of the province.

16.12 / 05:29

Law Stablecoin Court Australian Finder.com sued by Australian regulator over its crypto yield product

Financial product comparison website Finder.com is being sued by Australia’s financial services regulator for allegedly offering a cryptocurrency yield-bearing product without the required license.

16.12 / 01:43

Blockchain Stablecoin Digital regulation Researchers use zero-knowledge to address privacy, AML concerns in stablecoins

Researchers from German crypto blockchain-based payments fintech etonec and other organizations have proposed using zero-knowledge proofs to ensure regulatory compliance and privacy in stablecoins. They have created a design that allows fiat-based stablecoins to be used like cash, within limits.

16.12 / 00:43

business Stablecoin Polygon Backed Jewel Bank, Polygon to launch Bermuda's first USD-backed stablecoin

Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1 peg to the United States dollar, Jewel Bank founder and chairman Chance Barnett told Cointelegraph.

14.12 / 09:07

Government Stablecoin regulation consultation Australian Australian 'token mapping' consultation paper to release in early 2023: Treasurer

Australian Treasurer Jim Chalmers has revealed that the government will release a consultation paper in early 2023 as part of its token mapping initiative.

14.12 / 08:25

business Stablecoin Tether FUD Tether to reduce secured loans to zero in 2023 amid battle against FUD

The world’s largest stablecoin issuer, Tether, has pledged to eventually stop the practice of lending out funds from its reserves, saying it is “mission critical to restore faith" in the crypto market.

13.12 / 19:15

Stablecoin CFTC Entertainment Bitmain lawsuits Today in Crypto: Binance Introduces 'Pay', Law Firm Announces Lawsuits Against Yuga Labs (and Kevin Hart, Justin Bieber, Serena Williams...)

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

13.12 / 01:53

Government Stablecoin Adoption 2024 Brazil could cement its status as an economic leader thanks to 2024 CBDC move

As of 2022, more than 30 million Brazillian citizens have no bank accounts, and no credit or debit cards. What’s wrong here?

09.12 / 13:11

Stablecoin Binance Tether coinbase Usd Coin Coinbase takes a shot at Tether, encourages users to switch to USDC

United States-based cryptocurrency exchange Coinbase has asked its customers to convert their Tether-issued USDT (USDT) stablecoin to USD Coin (USDC), a USD-pegged stablecoin issued by Circle and co-founded by Coinbase in 2018.

08.12 / 21:09

Government Technology Waves Stablecoin Backed Warning Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting

Algorithmic stablecoins have had a rough year, starting with UST de-pegging to zero and the subsequent blow-up of Terra’s LUNA token which was used for the asset’s backing. Algorithmic stablecoins are not fully collateralized and rely on different mechanisms to maintain the peg, making them inherently fragile to market conditions.

08.12 / 12:29

Stablecoin Adoption regulation Framework Stablecoin framework is a near-term priority for Aussie regulators

Australian financial regulators are “working on options” for incorporating payment stablecoins into the regulatory framework for stored-value facilities. Such incorporation would be a part of broader reforms to the payments regulatory framework in the country.

08.12 / 10:03

business Government Stablecoin us government Terra Classic Fried FTX's Bankman-Fried to face market manipulation probe, Do Kwon chimes in

United States federal prosecutors have reportedly begun investigating whether the collapse of the Terra ecosystem was in fact triggered by market manipulation tactics by former FTX CEO Sam Bankman-Fried.

08.12 / 06:39

business Stablecoin Bankruptcy Celsius Customers Bankruptcy judge orders $44M in crypto to be returned to Celsius customers

A federal judge has ordered crypto lender Celsius to return crypto worth around $44 million to the platform’s custody program customers.

07.12 / 14:19

Stablecoin regulation Terra Japan recommends against algorithmic backing in stablecoins

After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a recommendation from the Financial Service Agency (FSA) and was repeated by the country’s Vice Minister for International Affairs, Tomoko Amaya.

06.12 / 17:21

Stablecoin CBDC Adoption Central Bank The impact of CBDCs on stablecoins with Bitget's Gracy Chen

For over 14 years, central banks worldwide have seen blockchain technology deliver highly secure, immutable, verifiable and transparent financial ecosystems, starting with the Bitcoin network. Central bank digital currencies (CBDCs) stood out as one of the ways for fiat currency to harness a part of what cryptocurrencies achieve today.

06.12 / 16:27

Blockchain Ethereum Stablecoin defi Features Founder Vitalik Buterin Reveals 5 Features That Excite Him the Most About Ethereum – The Last One May Surprise You

In his latest blog post, Ethereum (ETH) co-founder Vitalik Buterin discussed "what in the Ethereum application ecosystem excites" him, including features related to money, identity, stablecoins, decentralization - and voting.

05.12 / 17:51

business Blockchain Technology Stablecoin Concord USDC issuer Circle terminates SPAC merger with Concord

According to a new press release published on Dec. 5, USD Coin (USDC) issuer Circle announced the mutual termination of its proposed merger with special purpose acquisition company, or SPAC, Concord Acquisition. The deal was announced in July 2021 with a preliminary valuation of $4.5 billion and was then amended in February 2022 when Circle's valuation ballooned to $9 billion. USDC is currently the second largest stablecoin in circulation, with a market cap of $43 billion.

02.12 / 13:49

Blockchain Stablecoin Cardano Terra Usd New Cardano algorithmic stablecoin evokes old fears for the community

With the new announcement that Cardano is on its way to release an algorithmic stablecoin in 2023, various community members expressed concerns, comparing the project to Terra USD (UST), which caused great losses within the crypto space in 2022.

29.11 / 17:39

business Stablecoin Tether Usd Coin How stable are stablecoins in the FTX crypto market contagion?

If early November’s FTX collapse was crypto’s “Lehman moment” — as more than a few pundits have suggested — will the FTX contagion now spread to stablecoins? After all, Tether (USDT), the market leader, briefly lost its United States dollar peg on Nov. 10. In normal times, this might have raised alarm bells.

28.11 / 23:37

Blockchain Stablecoin Digital Currency Investments MakerDAO community votes against CoinShares' 500M investment proposal

Decentralized lending protocol, MakerDAO, has voted against crypto investment firm CoinShares' proposal to invest between 100million and 500million worth of the community’s funds, into a portfolio of corporate debt securities and government-backed bonds for yield, as an investment strategy.

28.11 / 19:01

Blockchain Ethereum Stablecoin government bonds Financial Tokenized government bonds free up liquidity in traditional financial systems

A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize traditional financial systems. For instance, El Salvador’s Bitcoin Volcanic bond project has been in the works for over a year and aims to raise $1 billion from investors with tokenized bonds to build a Bitcoin city.

Stablecoin Financial News

popular questions about Stablecoin

What is Stablecoin and why is it important?

Where can I find the latest updates on Stablecoin?

How can I verify the accuracy of information on Stablecoin?