Stablecoin Financial News
07.09 / 18:53
06.09 / 22:15
Government
Stablecoin
regulation
settlement
Russian gov't working on stablecoin settlement platform between friendly nations: State media
Russia's Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform.
06.09 / 19:03
Blockchain
Stablecoin
Binance
defi
Circle co-founder says converged dollar books on Binance would be good for USDC
According to a new Twitter post, Jeremy Allaire, co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, said that the recent decision by Binance to merge stablecoin dollar books is "a good thing" for USDC. "This move would lead to a gradual net share shift from USDT to BUSD and USDC," said Allaire.
06.09 / 10:17
Blockchain
Stablecoin
Tether
Binance: No plans to auto-convert Tether, though that ‘may change’
Crypto exchange giant Binance has confirmed it has no plans to “auto-convert” Tether (USDT) to Binance USD (BUSD) at the moment, though noted that this “may change.”
02.09 / 21:43
business
Stablecoin
Tether
Venture Capital
Crypto Biz: You can’t stop the Tether FUD
In the world of crypto, FUD stands for fear, uncertainty and doubt. It’s often evoked intentionally to draw negative attention to a particular project or business. One of crypto’s most enduring legacies has been the constant FUD surrounding Tether, whose USDT stablecoin commands a market capitalization of nearly $68 billion. Whether intentional or not, The Wall Street Journal ran a story this week claiming that Tether was on the edge of technical insolvency and that it wouldn’t take much to push the stablecoin issuer into financial peril. Of course, Tether didn’t take it lying down and immediately issued a response to what it considered to be a “disinformation” campaign by the Journal.
02.09 / 18:54
02.09 / 16:04
Government
Blockchain
Stablecoin
Europe
NOT
MiCA coming in hot in October, NFTs not in focus: EU regulators
Members of the Germany-based Bundesblock, otherwise known as the German Blockchain Association, updated the community on the upcoming Markets in Crypto-Assets (MiCA) regulations in a virtual panel held on Thursday, Sep. 1.
02.09 / 13:13
Blockchain
Stablecoin
ETF
Tether
Backed
What is a gold-backed token and how does it work?
A gold-backed cryptocurrency is a type of digital currency that is backed by physical gold. The currency’s value is based on the current market price of gold and can be used for transactions just like any other type of cryptocurrency.
31.08 / 22:19
business
Stablecoin
Adoption
Usd Coin
Trading Pairs
Support
Bybit expands spot USDC trading pairs as support for stablecoins grows
Crypto derivatives exchange Bybit has partnered with stablecoin issuer Circle Internet Financial to expand its suite of spot trading pairs denominated in USD Coin (USDC) — a move the company says will increase retail and institutional access to USDC-settled products.
31.08 / 13:19
business
Stablecoin
Investments
Bitcoin
How to preserve capital during inflation using cryptocurrencies?
Just when the global economy largely recovered from the crippling effects of the COVID-19 pandemic, geopolitical tensions and the resultant supply chain pressures have once again roiled financial markets across the world.
30.08 / 22:15
markets
Ethereum
Stablecoin
Altcoin
3 reasons why Ethereum POW hardfork tokens won’t gain traction
Ether (ETH) is the second largest crypto by market capitalization and the absolute leader in decentralized applications by deposits. Becoming a victim of its own success, the network experienced a fee hike in November 2021 when the average transaction costs surpassed $50.
30.08 / 22:03
business
Stablecoin
Tether
Media
Tether responds to Wall Street Journal ‘disinformation’
Tether Holdings Limited has clapped back at The Wall Street Journal over an article it claims spread “false information” about the stablecoin issuer’s profitability, solvency and accounting standards.
30.08 / 12:07
29.08 / 22:43
Stablecoin
regulation
ICO
Central Bank
Future
South Korean central bank eyes MiCA, says future regulations may allow ICOs again
The South Korean central bank has indicated that initial coin offerings (ICOs) will be allowed under the Digital Assets Framework Act, according to a local news report. That comprehensive legislation is expected to be introduced in 2023 and implemented the following year.
29.08 / 09:41
business
Stablecoin
Tether
fall
Render
0.3% fall in assets "could render Tether technically insolvent" — WSJ
An article in the Wall Street Journal (WSJ) has claimed that Tether’s balance sheet is in a position that even a 0.3% drop in value of its reserve assets could “render Tether technically insolvent.”
26.08 / 22:43
business
Stablecoin
Decentralized Exchange
Crypto Biz: Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway
Warren Buffett raised eyebrows this week when his firm, Berkshire Hathaway, upped its exposure to United States Treasury bills. If you’re one of the few remaining bulls out there, Buffett’s flight to safety is concerning because it signals that the Oracle of Omaha would rather get a 3% yield instead of playing the stock market. If equities go belly-up in the fall, as I’ve been predicting for months, expect Bitcoin (BTC) to follow.
26.08 / 13:41
Blockchain
Stablecoin
defi
Backed
Waves-backed stablecoin USDN breaks peg again amid protocol upgrade
As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of struggle as it falls below its dollar peg.
26.08 / 00:55
markets
Blockchain
Stablecoin
DEX
ATOM price is reaching for the Cosmos, but why?
As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the bottom of the pre-crash range.
25.08 / 14:59
Stablecoin
CBDC
regulation
lending
Amendments to US commercial code differentiate crypto and ‘electronic money’
A joint committee of the United States's Uniform Law Commission (ULC) and the American Law Institute (ALI) finalized amendments to the Uniform Commercial Code (UCC), regulating the specifics of digital asset transactions and crypto-as-collateral secured financings.
24.08 / 22:25
Blockchain
Stablecoin
regulation
freeze
NOT
Tether says it would not freeze sanctioned Tornado Cash addresses unless instructed by law enforcement
On Wednesday, U.S. dollar stablecoin issuer Tether (USDT) said that it would not freeze smart contract addresses sanctioned by the U.S. Office of Foreign Assets (OFAC) Control's Specially Designated Nationals and Blocked Persons (SDN) list for cryptocurrency trail-mixer Tornado Cash. In explaining the decision, Tether said:
22.08 / 13:37
Stablecoin
Adoption
Usd Coin
Holdings
USDC whale holdings percentage lowest in almost two years
The percentage of USD Circle (USDC) stablecoins held by major wallet addresses dropped to its lowest point in almost two years as the cryptocurrency market downturn continues.
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