Stablecoin Financial News

16.07 / 11:49

Stablecoin Europe Sustainability European Union Crypto-asset MiCA and ToFR: The EU moves to regulate the crypto-asset market

On the last day of June, the European Union reached an agreement on how to regulate the crypto-asset industry, giving the green light to Markets in Crypto-Assets (MiCA), the EU's main legislative proposal to oversee the industry in its 27 member countries. A day earlier, on June 29, lawmakers in the member states of the European Parliament had already passed the Transfer of Funds Regulation (ToFR), which imposes compliance standards on crypto assets to crack down on money laundering risks in the sector.

15.07 / 21:19

Blockchain Ethereum Stablecoin Bitcoin services Financial DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’

Decentralized finance (DeFi) has massive potential to transform traditional financial services. Data from Emergen Research recently found that the global DeFi platform market size is expected to reach $507 billion by 2028. Moreover, the total value locked within DeFi currently exceeds $75 billion, demonstrating fast-paced growth compared to previous months this year.

15.07 / 17:03

business Stablecoin Payments Altcoin Crypto payments gain ground thanks to centralized payment processors

The cryptocurrency market has grown beyond many people’s expectations over the past decade. The nascent industry has managed to change mainstream perception quite significantly, especially in 2021, which saw many traditional financial institutions adopt crypto in one form or another.

15.07 / 02:43

Stablecoin Adoption regulation Leverage Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary

Millionaire investor from the Shark Tank TV show Kevin O’Leary says there’s going to be “total panic” and “massive volatility” in the crypto markets ahead before the industry swings back toward stronger firms and clearer regulations.

15.07 / 00:07

business Stablecoin Circle Usd Coin reserves Circle discloses full breakdown of $55.7B USDC reserves

Circle Internet Financial has released a full breakdown of its USD Coin (USDC) holdings for the first time — a move designed to offer transparency and instill greater trust ain the stablecoin issuer.

14.07 / 23:03

Blockchain Stablecoin CBDC Adoption Backed Reserve UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

A sandbox test of a retail full-reserve digital currency (FRDC) has been completed in the United Kingdom, distributed ledger fintech company Millicent Labs announced July 14. The test was a demonstration for Innovate UK, a branch of the government’s UK Research and Innovation, which co-funded the company.

14.07 / 21:43

Stablecoin security scam DApp 7 DeFi Risks You Should be Aware of According to CoinShares

Risks are inherent to all financial sectors, and decentralized finance (DeFi) is no exception.

14.07 / 16:49

Stablecoin regulation Europe digital euro Crypto Community Unimpressed as ECB President Pushes for Digital Euro with Privacy ‘of the Highest Standard’

The European Central Bank (ECB) President Christine Lagarde's new blog post again pushes for the creation of a central bank digital currency (CBDC) in Europe. But although it argues that a digital euro would protect the privacy of its users, the crypto community is not impressed.

14.07 / 05:07

Ethereum Stablecoin Adoption Bitcoin Drop Stablecoin Active Addresses Hit New High After Terra Collapse While Bitcoin and Ethereum Addresses Drop

Following the collapse of Terra and the subsequent crypto crash, stablecoin active addresses surged to a new all-time high. Meanwhile, bitcoin (BTC) and ethereum (ETH) active addresses have plunged drastically during this period.

14.07 / 00:21

Stablecoin defi regulation guidance committee BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements

The principle of "same risk, same regulation" for crypto received further confirmation with the release Wednesday of new guidance on stablecoin arrangements (SAs). The guidance, issued by the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO), applies the Principles for Financial Market Infrastructures (PFMI) for payment, clearing and settlement systems to systemically important SAs that transfer stablecoins.

13.07 / 07:19

cryptocurrency Stablecoin regulation guidance Here's the 'Final Guidance' on 'Stablecoin Arrangements' by BIS and IOSCO

The Bank for International Settlements (BIS) wants to create a set of standards for the stablecoin industry that will cover payments, clearings, and settlements.

12.07 / 22:19

Stablecoin regulation Central Bank Ruble place Central Bank: No Place for Stablecoins in Russian Economy, Only Digital Ruble Will Do

The Central Bank of the aggressor state Russia, says that it is against the idea of citizens making use of fiat-, oil-, or gold-pegged stablecoins – despite calls for the launch of such tokens from the Ministry of Finance.

12.07 / 12:35

Stablecoin CBDC Adoption Bank of Russia opposes private stablecoins in the country

In a fresh episode of the longstanding battle between the Central Bank of Russia (CBR) and the country's Ministry of Finance, representatives of the former have criticized the latter’s idea of supporting the stablecoins, which some private investors have sought to launch in the country.

11.07 / 19:37

Blockchain Stablecoin regulation G20 crypto rules G20 regulator to present global crypto rules in October 2022

The Financial Stability Board (FSB), a global financial regulator including all G20 countries, is preparing to propose international regulations for cryptocurrencies and stablecoins in October.

11.07 / 18:19

business Stablecoin Circle Backed audit KPMG to audit new pound-backed stablecoin GBPT

Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to wider adoption of digital assets in the United Kingdom and its Crown Dependencies.

11.07 / 16:17

Stablecoin regulation G20 ‘Robust’ Regulations Needed in Crypto & Stablecoin Sector, Says G20 Advisory Body Ahead of Its Report in October

One of the world’s leading financial policy-making organizations said that it will tell governments to step up their supervision of stablecoins later this year – against a “backdrop of the recent turmoil” in the crypto sector.

11.07 / 16:07

Stablecoin Adoption Trading Tether reserves Tether fortifies its reserves: Will it silence critics, mollify investors?

There is an old Arabic proverb: “The dogs bark, but the caravan moves on.” It could summarize the journey to date of Tether (USDT), the world’s largest stablecoin.

11.07 / 13:53

Stablecoin regulation European Union ECB financial stability Financial Terra crash highlights stablecoin risk to financial stability: ECB

The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses to the existing financial system.

10.07 / 05:21

Government Stablecoin Earth fall After Terra’s fall to Earth, get ready for the stablecoin era

Stablecoins were supposed to be the boring uncle of the crypto world — safe, sensible and dull. They’re probably not what Satoshi Nakamoto had in mind, but they’re supposed to be a reassuring haven of calm and utility away from the turbulence of pure-play cryptocurrencies.

09.07 / 00:55

Stablecoin regulation Federal Reserve vice chair Fed vice chair Brainard urges faster crypto regulation, touts role for stablecoin

Regulate now or regret it later, United States Federal Reserve Board vice chairperson Lael Brainard told an audience at a Bank of England conference in London on Friday. Crypto has the same basic risks as tradition finance and needs “strong guardrails,” Brainard claimed, pointing to the recent downturn in market as proof.

08.07 / 20:17

business Stablecoin Tether Loans Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer

Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lender.

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