Stablecoin Financial News

10.11 / 14:29

markets Stablecoin FTX TRON Bitcoin Price Tron's stablecoin USDD loses dollar peg on suspected selloff by Alameda Research

In April 2022, the Tron network launched USDD, a token pegged to the U.S. dollar, as an "over-collateralized stablecoin," meaning its likelihood of slipping below $1 should be lower due to excessive reserves backing its valuation.

07.11 / 14:03

Stablecoin economics Cash Southeast Asia and DeFi’s Big Bet on the Unbanked

In one of the more striking early scenes from P.T. Anderson’s 2007 film, There Will Be Blood, there is a gas explosion that destroys the drilling rig set up by oil tycoon Daniel Plainview. Noticing one of his employees observing the situation dejectedly, Plainview rebukes the man, saying: “What are you looking so miserable about? There’s a whole ocean of oil under our feet. No one can get at it except for me!”

04.11 / 19:19

Stablecoin Cardano Bitcoin Crypto News Summary: NEAR Wallet Users Jump from 2M to 20M, IRS Preparing 'Hundreds' of Crypto Cases, Top 10 Whitehats Made $42M

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

04.11 / 12:33

business Stablecoin Circle Reserve Circle starts pouring money into its Reserve Fund, aims to fill it in 2023

Circle, the issuer behind USD Coin (UDSC), announced that it has now begun to invest part of its funds in Circle Reserve Fund, created earlier in a partnership with the world’s largest asset manager, BlackRock. The move came as a part of Circle’s effort to minimize risks and guarantee its holders the redeemability of their coins.

04.11 / 04:19

Government Law Stablecoin Canada to examine crypto, stablecoins, and CBDCs in new budget

The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget.

03.11 / 15:19

business Blockchain Stablecoin MasterCard Mastercard adds 7 blockchain startups to its crypto accelerator

Global payment giant Mastercard continues supporting cryptocurrency and blockchain startups as part of its fintech accelerator, the Mastercard Start Path program.

02.11 / 16:23

business Government Stablecoin Bitcoin Union Bank Union Bank of the Philippines launches Bitcoin and Ethereum trading

The Union Bank of the Philippines (UnionBank), one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm.

02.11 / 09:19

Blockchain Stablecoin Paxos Usd Coin Stablecoin issuers Circle and Paxos gain approvals in Singapore

Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state's central bank.

01.11 / 15:53

Ethereum Stablecoin Police MakerDAO co-founder Nikolai Mushegian dies at 29 in Puerto Rico

Nikolai Mushegian, a co-founder of the cryptocurrency lending platform MakerDAO and the decentralized Dai (DAI) stablecoin, was found dead in Puerto Rico last week.

01.11 / 13:19

Blockchain Stablecoin regulation Chinese central bank exec says digital yuan will offer ‘controllable anonymity’

Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, talked about the progress of their national digital currency called the digital yuan. He outlined the progress and the adoption of the national digital currency.

28.10 / 17:17

Stablecoin stablecoins FTX Fried Sam Sam Bankman-Fried of FTX Announces Plans to Launch Stablecoin

FTX CEO Sam Bankman-Fried has confirmed that the crypto platform is working on launching its own stablecoin.

26.10 / 17:55

cryptocurrency Stablecoin regulation cryptocurrency trading Monetary Authority of Singapore May Introduce Risk Test Before Permitting Cryptocurrency Trading

Singapore's retail investors may have to take a risk awareness test to be allowed to trade crypto, in order to ensure that they have sufficient knowledge of the risks involved.

26.10 / 17:39

Blockchain Ethereum Stablecoin Usd Coin network Polygon Network BitPay to introduce USDC and ETH payments on Polygon network

Major cryptocurrency firm BitPay is expanding the scope of supported blockchain networks, preparing to debut payments in ERC-20 tokens on the Polygon network.

26.10 / 14:11

Stablecoin regulation Bitcoin The UK has a new name for stablecoins and a new bill to regulate crypto

The United Kingdom moved forward on the Financial Services and Markets Bill on Oct. 25, hardening its vision for Bitcoin (BTC) cryptocurrency and “digital settlement assets” in the country.

26.10 / 13:23

Stablecoin Central Bank Bitcoin Singapore MAS proposes to ban cryptocurrency credits

The Monetary Authority of Singapore (MAS) is introducing proposals to better regulate the cryptocurrency industry in the aftermath of the bankruptcy of the Singaporean crypto hedge fund Three Arrows Capital (3AC).

25.10 / 23:13

Blockchain Stablecoin defi coinbase MakerDAO community votes to approve custody of $1.6B USDC with Coinbase

Institutional prime broker platform for crypto assets Coinbase Prime announced on Oct 24th that it had entered into a partnership with MakerDAO — the largest single holder of USDC — to become a custodian of $1.6 billion worth of the stablecoin.

25.10 / 17:07

Ethereum Stablecoin Asia Bitcoin KPMG & Aspen Digital Study Reveals Wealthy Asian Investors Are Keen On Crypto

“Big four” accounting firm KPMG and technology and financial services company Aspen Digital found that family offices (FO) and high-net-worth individuals (HNWIs) in Hong Kong and Singapore "have embraced" the digital asset class, with more than 90% of survey respondents having already invested in the space or planning to do so.

25.10 / 12:45

business Stablecoin Altcoin bail Near Foundation Near Foundation sets up $40M fund to bail out USN investors in case of collapse

Near Protocol’s in-house stablecoin, USN, recently became undercollateralized, forcing Near Foundation to recommend winding down USN to prevent a situation similar to the Terra (LUNA) and UST collapse. Supporting this move, the Near Foundation opened up a $40 million fund to protect investors and help them cash out of USN with equal amounts of wrapped Tether (USDT.e).

25.10 / 10:41

business Stablecoin inflation Dollar Testnet Inflation-pegged ‘flatcoin’ launches testnet to track the cost of living

Blockchain tech firm Laguna Labs has launched a testnet for its in-development “flatcoin” — a spin-off of stablecoin tokens — pegged to the cost of living rather than a fiat currency or a commodity.

24.10 / 21:09

Stablecoin regulation Sunak Wealthy crypto believer and incoming UK PM Rishi Sunak once commissioned a royal NFT

Rishi Sunak is set to become prime minister of the United Kingdom within days. Sunak was defeated for the top government post by Liz Truss on Sept. 5, but she resigned after 45 days in office. Indications so far are that his selection for the office is good news for the crypto industry.

24.10 / 18:57

Blockchain Stablecoin Bitcoin Mining Difficulty Crypto News Summary: Bitcoin Mining Difficulty (Re)Breaks Record, NFT Can Be Property in Singapore, Ed Sheeran's Hacker Imprisoned

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

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