Stablecoin Financial News

22.11 / 03:03

business Stablecoin wallet Self Custody New Zealand dollar stablecoin goes live through local crypto exchange

A New Zealand dollar-pegged stablecoin has gone live through a partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys.

21.11 / 14:00

business Stablecoin regulation Tether Court Tether’s bank partner Britannia sued over $1B deposit: Report

Tether’s bank partner Britannia Financial is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a large deposit from Tether.

20.11 / 15:25

Law Stablecoin regulation Tether Scams Tether freezes $225M USDT linked to romance scammers amid DOJ investigation

Stablecoin issuer Tether froze roughly $225 million worth of USDT tokens as part of an investigation into a Southeast Asia human trafficking syndicate launched by the United States Department of Justice (DOJ).

17.11 / 22:15

Stablecoin regulation Central Bank Fiat Money BIS ‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to a central bank would be superior to private stablecoin, a study released by the Bank for International Settlements (BIS) found.

16.11 / 19:31

Stablecoin Mining Tether South America Bitcoin BTC Mining Tether plans major expansion into BTC mining with $500M investment: Report

Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon.

16.11 / 08:45

Stablecoin Paxos Stablecoin Issuer Paxos Receives Preliminary Nod from Singapore Regulator

Blockchain infrastructure firm Paxos has obtained a preliminary license from the Monetary Authority of Singapore (MAS) for its new entity.

16.11 / 06:05

business Stablecoin regulation Paxos Paxos to issue USD stablecoin in Singapore, wins initial approval

Crypto infrastructure firm Paxos has secured in-principle approval from Singapore’s regulator for a new entity that’s planning the launch of a U.S. dollar-backed stablecoin.

15.11 / 08:31

Stablecoin Tether USDC Stablecoins See Positive Supply Growth For First Time in More Than a Year: Glassnode Data

Money is flowing into the crypto market through stablecoins, marking the first positive supply growth in over a year.

14.11 / 15:44

Stablecoin ETF regulation Tether Bitcoin Dollar Tether credits USDT growth surge to ETF excitement, emerging markets

Tether (USDT), the largest stablecoin by market value, has been breaking new records throughout 2023, with its market capitalization adding at least $20 billion so far this year.

13.11 / 11:47

business Ethereum Stablecoin Tether TRON Dollar Stablecoin firm Tether minted 4B USDT in 4 weeks: Data

Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month.

09.11 / 21:47

Stablecoin Tether Assurant BIS reports NOT BIS Research Report: Stablecoins Not Secure as Store of Value

Fiat-backed stablecoins are “not a safe store of value,” according to a new research report from the Bank for International Settlements (BIS).

08.11 / 22:27

Stablecoin Adoption wallet Progmat stablecoin platform takes shape as wallet, liquidity providers join

The Progmat Coin ecosystem is taking shape in Japan. With a market maker, wallet provider and cryptocurrency exchanges on board, Progmat and Mitsubishi UFJ Financial Group (MUFG) hope to launch two stablecoins in the summer of 2024.

08.11 / 20:37

Blockchain Stablecoin defi BIS safe Stablecoins ‘not a safe store of value’ — BIS

The Bank of International Settlements (BIS), a coalition of the world’s central banks, criticized stablecoins as being “not a safe store of value” in its latest research report dated Nov. 8.

08.11 / 14:19

Blockchain Stablecoin regulation Europe European Union Bitcoin EU banking watchdog proposes liquidity rules for stablecoin issuers

The European Banking Authority (EBA) — the European Union’s banking watchdog — has proposed a new set of guidelines for stablecoin issuers that will set minimum capital and liquidity requirements.

08.11 / 03:15

business IPO Stablecoin Adoption Circle Bloomberg Usd Coin 2024 Stablecoin issuer Circle weighing up 2024 public launch: Report

USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg.

07.11 / 23:45

business Blockchain Stablecoin FTX Wintermute claims NEAR backed out of $11M stablecoin redemption deal

The NEAR Foundation and Aurora allegedly reneged on an offer to convert $11 million worth of USN stablecoins, Wintermute founder and CEO Evgeny Gaevoy has claimed.

07.11 / 20:15

Stablecoin Euro seed funding Euro Stablecoin Startup StablR Secures €3.3 Million in Seed Funding

StablR, a euro stablecoin startup that began operating just over a year ago, has successfully raised €3.3 million ($3.5 million) in a seed funding round.

07.11 / 00:47

business Stablecoin Analysis Decentralization moody’s Moody’s unveils service that uses AI to predict stablecoin depeggings

Moody’s Analytics is launching a new stablecoin service that will use AI to predict probable depeggings “in a 24-hour time horizon” while providing real-time insights about stablecoin issuers’ liquidity and stability.

06.11 / 22:23

Stablecoin regulation Bank of England UK stablecoin regulation begins to take shape in multiple FCA, BOE documents

A suite of documents was published in the United Kingdom on Nov. 6 that concern stablecoin regulation. The Financial Conduct Authority (FCA) released a discussion paper, as did the Bank of England (BOE). To accompany those, the BOE’s Prudential Regulatory Authority (PRA) released a letter to CEOs of deposit-taking institutions, and the BOE released a “cross-authority roadmap” to link them together.

06.11 / 19:21

Stablecoin Bank of England UK FCA FCA Bank of England and UK’s FCA Propose Plans to Regulate Stablecoins

The UK’s central bank and the financial regulator have both proposed plans to regulate stablecoins in discussion papers, published Monday.

06.11 / 16:03

Technology Stablecoin regulation Bank of England FCA Bank of England and FCA outline plans to regulate stablecoins into mainstream

In the paper, the BoE said that lenders will be pushed to make it clear to customers that stablecoins are not standard deposits, which are guaranteed against bank failures.

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