Stablecoin Financial News

26.02 / 00:03

business Stablecoin Tether Circle Crypto Biz: Stablecoins are serious business, Feb. 17-24

Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t gone down the USDT rabbit hole? Some of those concerns were finally quelled in May 2021 when Tether passed an assurance test by disclosing its reserves for the first time. For some onlookers, the reserve breakdown created more questions than answers due to the stablecoin issuer’s oversized exposure to commercial paper.

25.02 / 20:31

markets Stablecoin BTC Markets week Terra LUNA price nears key level after rallying 45% this week

A rebound rally in the Terra (LUNA) market this week risks exhaustion as the price retests a key trendline for a potential pullback.

25.02 / 17:58

Government Law Stablecoin Adoption Wyoming’s state stablecoin: Another brick in the wall?

For a state with a small-town feel, Wyoming moves with big-city alacrity when it comes to things crypto. According to the bipartisan bill introduced into its legislature last week, a Wyoming stablecoin could debut before the end of 2022. The announcement caught even Wyoming banker and cryptocurrency champion Caitlin Long by surprise.

25.02 / 15:05

Stablecoin Tether Exchange Ukrainians Paying Tether Premiums as Some Desperate Citizens Ditch Fiat for Crypto

Ukrainians are paying a premium of up to USD 0.11 on the dollar-pegged stablecoin tether (USDT) as trading volumes on local crypto exchanges have escalated quickly.

24.02 / 23:47

Stablecoin Adoption USDT premiums soar on Ukraine's Kuna exchange

Against the backdrop of an ongoing Russian invasion, the price of Tether's USDT stablecoin soared to as high as 36.97 Ukrainian hryvnia (UAH) on Ukraine's Kuna exchange on Thursday. The total trading volume of all cryptos on the exchange amounted to about $4.4 million in the past 24 hours.

23.02 / 17:17

business Stablecoin Circle Usd Coin Stablecoin issuer Circle launches business accounts for USDC transactions

USD Coin (USDC) operator Circle has launched a new account service aimed at helping businesses transact in cryptocurrencies — potentially opening the door to wider mainstream adoption of digital assets.

23.02 / 16:43

markets Stablecoin economy Terra avoids Ukraine concerns rallying 18% in three days — Can LUNA price reach $200 next?

Terra (LUNA) has fared better than its top crypto rivals when it comes to withstanding the negative market impacts of the ongoing Ukraine-Russia conflict.

23.02 / 16:43

business Blockchain Stablecoin MUFG drops blockchain payment project to focus on stablecoins

Japan’s biggest financial conglomerate, Mitsubishi UFJ Financial Group (MUFG), will abandon its three-year-old blockchain payment project to focus on other digital and fintech initiatives.

23.02 / 15:47

Stablecoin Adoption Tether Research Total stablecoin supply hits $180 billion: Report

Move aside Bitcoin (BTC), stablecoins are holding the spotlight. Crypto research outlets Arcane Research and CryptoRank confirm that the stablecoin supply has hit the milestone amount of $180 billion.

23.02 / 09:55

Stablecoin CBDCs Can every currency of the world be a stablecoin?

The majority of stablecoins are pegged to the US Dollar but there is a demand to create more coins with alternative denominations. That said, a few stablecoins are pegged to currencies like Singapore Dollar, Indonesian Rupiah or Euro. Large currencies have volume, some established form of consistency and track record and tangible backing, and thereby make for a good standard in the virtual currency world, said Raj A Kapoor, Founder, India Blockchain Alliance.

23.02 / 05:55

business Stablecoin Tether Report reserves Tether slashes commercial paper by 21% in latest reserves attestation

USDT stablecoin issuer Tether cut its reserves allocation to commercial paper by more than one fifth between September and December last year, dropping from around $30.5 billion to $24.16 billion.

23.02 / 00:03

business Stablecoin Ecosystem Terra Usd Bitcoin Reserve Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin

The nonprofit organization focused on the open-source stablecoin network behind Terra USD, Luna Foundation Guard, has closed on a $1 billion raise through the sale of LUNA tokens.

19.02 / 07:01

Ethereum cryptocurrency Stablecoin Bitcoin Cryptocurrency Prices Today : Bitcoin, Ethereum dip marginally

The global cryptocurrency market-capitalisation fell 1.47 percent over the last 24 hours to $1.83 trillion while trading volumes were down about 16.75 percent to $72.95 billion.

18.02 / 20:37

Law Stablecoin lawmakers Wyoming lawmakers introduce legislation for state-issued stablecoin

Four members of the Wyoming Legislature have sponsored a bill which would allow the state treasurer to issue a stablecoin.

18.02 / 20:09

Blockchain Stablecoin ETF Bitcoin Executive executive order Helium Mounts Unicorne, DeFi & Metaverse ETFs, Crypto Executive Order + More News

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

18.02 / 19:51

business Technology Stablecoin Interest rates Terra Usd Reserve Terra injects 450M UST into Anchor reserve days before protocol depletion

In a tweet published early Friday, Do Kwon, founder of Terraform Labs, the entity developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced the injection of 450 million UST ($450 million) into the Anchor protocol's reserves. The proposal passed a vote by the Luna Foundation Guard on Feb.10. Anchor serves as the flagship savings protocol of the Terra ecosystem, offering users of up to 20% interest per annum on their UST deposits, paid for by borrowers.

18.02 / 00:43

business Stablecoin Circle Usd Coin Concord valuation Circle’s valuation doubles to $9B following revised merger agreement with Concord

USD Coin (USDC) operator Circle has seen its valuation double to $9 billion after the company revised its merger agreement with Concord Acquisition Corp, a special purpose acquisition company (SPAC) founded in 2020.

16.02 / 15:09

business Stablecoin Payments acquires Fireblocks acquires stablecoin payments platform First Digital

Blockchain infrastructure company Fireblocks has finalized the acquisition of First Digital, a stablecoin and digital asset payment platform, as part of a broader effort to expand its payment capabilities for the cryptocurrency sector.

16.02 / 14:25

cryptocurrency Stablecoin regulation Warning Global Watchdog Points at Growing Force of Crypto with Another Usual Warning

The Financial Stability Board (FSB), an international body that monitors and prepares recommendations about the global financial system, is increasingly ringing the alarm about crypto. The institution’s latest report claims that cryptoasset markets are rapidly evolving and could reach a point where they pose a threat to global financial stability due to their scale, structural vulnerabilities, as well as increasing interconnectedness with the traditional financial system.

16.02 / 12:57

Stablecoin regulation Senators US Senators Fail to Find Stable Ground on Stablecoins

Stablecoins are not used to pay for real-world goods or services, but are instead a speculative tool for the “shadiest part of the crypto ecosystem,” Democratic Senator Elizabeth Warren said during a hearing on stablecoins in the US Senate Banking Committee yesterday. Others, meanwhile, stressed that stablecoins are likely safer than traditional banks, and that it would be “inappropriate” to regulate them as banks.

15.02 / 19:09

Government Law Stablecoin lawmaker Backed US lawmaker introduces bill for government-backed insurance of 'qualified' stablecoins

House Financial Services Committee member and New Jersey Representative Josh Gottheimer has introduced legislation which would have the Federal Deposit Insurance Corporation back stablecoins in a similar manner to fiat deposits.

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