Stablecoin Financial News

24.10 / 16:15

business Stablecoin Payments partnership Checkout.com Fireblocks launches crypto payment engine with Checkout.com and Worldpay as pilot partners

Following a successful pilot phase, digital asset custody platform Fireblocks has launched its new payment engine for merchants, opening up pathways for businesses to settle and accept cryptocurrency transactions across jurisdictions.

24.10 / 06:13

Blockchain Stablecoin Binance Tether Usd Coin A stablecoin's rise in market share has ignited the ‘Second Great Stablecoin War’

FTX CEO Sam Bankman-Fried (SBF) said the rise of Binance stablecoin BUSD could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months.

21.10 / 23:17

Stablecoin CBDC Adoption Backed retail CBDC Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin

The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Settlements (BIS) Innovation Hub, has a unique structure that reflects the intricacies of the existing system for issuing money in Hong Kong.

21.10 / 09:43

business Stablecoin coinbase Usd Coin USDC adoption is lagging outside of the United States: Coinbase

United States-based cryptocurrency exchange Coinbase says the adoption of USD Coin (USDC) has been “more conservative” outside of the U.S., which it believes is a result of international currency conversion fees.

21.10 / 00:23

Blockchain Stablecoin regulation Acting US FDIC head cautiously optimistic about permissioned stablecoins for payments

Acting United States Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg spoke Oct. 20 about possible applications of stablecoins and the FDIC’s approach to banks considering engaging in crypto asset-related activities. Although he saw no evidence of their value, Gruenberg conceded that payment stablecoins merit further consideration.

20.10 / 23:03

markets Stablecoin Federal Reserve Bitcoin How long will the bear market last? Signs to watch for a crypto market reversal

The current crypto bear market has induced panic, fear and uncertainty in investors. The dire situation started when the global crypto market capitalization dropped below the $2 trillion mark in January 2022. Since then, the price of Bitcoin (BTC) has decreased by over 70% from its all-time high of $69,044.77, reached on Nov. 10, 2021. Similarly, the values of other major cryptocurrencies such as Ether (ETH), Solana (SOL), Avalanche (AVAX) and Dogecoin (DOGE) have decreased by around 90%.

20.10 / 20:49

cryptocurrency Stablecoin IRS guidelines US IRS Releases New Reporting Guidelines for Digital Assets

The US Internal Revenue Service (IRS) has released updated guidelines for reporting digital assets, clarifying the taxation of non-fungible tokens (NFTs) and stablecoins as well.

20.10 / 05:47

Blockchain Law Stablecoin Terra 4,400 disgruntled investors are hunting for Terra's Do Kwon

Members of a 4,400-strong Discord group called the “UST Restitution Group” (URG) have been attempting to track down the whereabouts of Terra co-founder Do Kwon.

19.10 / 15:39

Stablecoin European Commission lawmakers US lawmakers crypto rules EU Commissioner Urges US Lawmakers to Establish New Crypto Rules

Mairead McGuinness, the European Commission’s commissioner for financial services, warned about the dangers that digital assets could pose to financial stability and called for US politicians to draw up new rules to govern the crypto industry.

17.10 / 17:59

Stablecoin Forecast Bitcoin Shark Tank Superstar Believes Crypto Bull Market Will Start After This One Event

Famous Canadian businessman and television personality Kevin O'Leary, aka Mr. Wonderful, argues that once a specific stablecoin bill is passed and “institutions smell policy, then you’ve got a real move up,” and that’s when bitcoin (BTC) breaks out of the $19,000-$22,000 trading range.

15.10 / 00:05

Stablecoin CBDC Adoption NOT Fed governor Waller says US CBDC would not enhance things the world loves about US fiat

A United States central bank digital currency (CBDC) would not enhance the qualities of the U.S. fiat dollar that foreign companies value most, U.S. Federal Reserve Board governor Christopher Waller in a speech released Oct. 14. CBDC skeptic Waller took a look at the question through the lens of national security at a symposium held at Harvard University. Waller had a more favorable view of dollar-backed stablecoin.

14.10 / 00:19

Stablecoin regulation legislation Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’

Patrick McHenry, ranking member of the United States House of Representatives Financial Services Committee, thinks the “conversation has become unmoored” about financial technology and needs to return to solving real world problems. He is in talks on legislation that may at least bring more clarity to stablecoins.

13.10 / 21:22

business Stablecoin Tether bonds Tether reduces commercial paper exposure to zero, replaces investments with T-Bills

Stablecoin issuer Tether Holdings Limited has unwound its exposure to commercial paper, addressing a long-standing item of contention among detractors who’ve criticized the quality of its reserves.

05.10 / 15:55

cryptocurrency Stablecoin European Union crypto sector European Regulator Lists What is Needed for 'Responsible Crypto Sector'

04.10 / 13:31

cryptocurrency Stablecoin Tax Biden Administration Urges Speed Up of Crypto Regulation as Recession Fears Rise

04.10 / 06:05

Government Blockchain Stablecoin Tether Tether commercial paper exposure now under $50M, says CTO

Stablecoin issuer Tether (USDT) has nearly completely slashed its commercial paper holdings, with less than $50 million worth of commercial paper units as of Sept. 30, 2022.

02.10 / 16:43

Facebook Libra Blockchain Stablecoin regulatory Terra could leave a similar regulatory legacy to that of Facebook’s Libra

New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new algorithmically pegged stablecoins like TerraUSD (UST).

30.09 / 12:51

Blockchain Stablecoin Tether Usd Coin Swiss National Central banks can push DeFi into mainstream: Swiss National Bank official

Central bank digital currencies (CBDC) can work well with decentralized finance (DeFi), and they have a lot of potential to boost DeFi adoption, according to a Swiss central bank official.

30.09 / 06:39

business Stablecoin Texas, Vermont regulators object to Celsius stablecoin sale plan

State regulators from Texas and Vermont have filed a motion objecting to embattled crypto lender Celsius’ plans to sell off its stablecoin holdings.

29.09 / 22:31

Stablecoin Congress Voting lawmaker US lawmaker hints at calling for Republican votes in 2022 Midterms over crypto policies

North Carolina Representative Patrick McHenry may have used his virtual appearance at a cryptocurrency conference as a soapbox for calling for votes in the 2022 United States midterm elections.

29.09 / 15:31

Stablecoin Tether Usd Coin Bitcoin Cross-border Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis

Despite Russia pushing the idea of using cryptocurrencies for cross-border payments, it still remains unclear what digital asset exactly the government plans to adopt for such transactions.

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