Stablecoin Financial News

12.02 / 03:03

markets Stablecoin Adoption inflation DeFi flashes early revival signs as retail and institutional inflows trickle in

Decentralized finance (DeFi) has had a rough go so far in 2022, and data from Messari shows the top ten-ranked DeFi assets currently down between 10% to 50% since the start of the year.

10.02 / 14:53

markets Stablecoin Bitcoin Bitcoin Price Reserve bitcoin rises Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K 'fair value'

Cryptocurrency exchanges now have more stablecoins on their books than ever before in a fresh sign investors are waiting to buy Bitcoin (BTC) and altcoins.

10.02 / 12:05

business Blockchain Stablecoin Top Japanese bank MUFG introduces new stablecoin platform

Mitsubishi UFJ Financial Group, Japan’s largest financial group, is working hard to take the lead in stablecoin development, launching a proprietary stablecoin project.

09.02 / 12:11

Stablecoin regulation hearing us house US House Hearing on Stablecoins and Crypto Reveals Sharp Divide on Approach to Regulation

A hearing on stablecoin regulation in the US House of Representatives’ Financial Services Committee yesterday revealed strongly diverging views on both stablecoins and crypto more broadly among lawmakers on Capitol Hill.

08.02 / 21:19

Government Stablecoin Congress lawmaker hearing US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets

Whether regulations on stablecoins and digital assets should be addressed at the state or federal level was the topic of discussion among at least two U.S. lawmakers in a hearing for the House Committee on Financial Services.

08.02 / 13:51

Stablecoin defi Hackers Polygon Polygon stablecoin QiDAO exploited for $13M on Superfluid vested contract

Polygon’s native stablecoin protocol QiDAO faced an exploit on its Superfluid vesting contract leading to a 65% drop in the price of the governance token QI. QI price fell from $1.24 to $0.18.

04.02 / 12:59

Stablecoin Adoption Gold New gold-based stablecoin by trading giant Mitsui reportedly on the way

Japanese trading house Mitsui is reportedly planning to issue a cryptocurrency pegged to gold, local news agency Nikkei Asia reported Friday.

02.02 / 19:59

Facebook Libra Stablecoin Congress end Vale Diem: How Facebook’s ambitious stablecoin project came to an end

On Jan. 31, Meta, formerly known as Facebook, announced that it was pulling from its stablecoin project, Diem, formerly known as Libra. Intellectual property and other assets related to the operations of the Diem Payment Network were to be sold to Silvergate Capital Corporation, essentially meaning the end to Mark Zuckerberg and his corporations’ stablecoin aspirations, at least in their current shape. This also marks the end of a once-groundbreaking initiative that was revealed in 2019 with a promise to bring a global alternative to fiat money to Facebook’s 2-billion-strong user base. Here is how this plan went from the initial announcement to the shutdown.

02.02 / 13:31

Facebook Government Stablecoin Bitcoin Diem stablecoin co-founder praises Bitcoin for censorship resistance

Shortly after Meta, formerly Facebook, officially gave up on its stablecoin Diem, some of the key people in the project have become increasingly vocal about the uncensorable nature of Bitcoin (BTC).

01.02 / 14:55

Stablecoin MARKET Investing Luna Jumps as Terra Asks USD 38M From Community to Fund an Undisclosed Sports Partnership

Terra co-founder Do Kwon has requested TerraUSD (UST) 40m from the community, a decentralized stablecoin running on Ethereum (ETH), in order to fund a Terra Brand partnership with an undisclosed sports franchise describes as "one of the four major American professional sports leagues" – seeing Terra's native coin LUNA jump today.

01.02 / 12:11

Facebook Libra Stablecoin Mark Zuckerberg’s stablecoin project Diem officially shuts down

Meta, formerly branded as Facebook, has officially announced the closure of its digital currency project Diem after years of major efforts to move forward with the initiative.

01.02 / 11:41

Stablecoin Payments banking Meta Says Adios to Diem – But Its Buyer Wants to Launch a Token of its Own

Meta, the company formerly known as Facebook, is set to wash its hands of its ill-fated Diem stablecoin plans once and for all – but there may yet be a twist in the tale as the firm that will buy the coin’s assets and intellectual property (IP) could yet launch a token of its own.

01.02 / 08:05

Stablecoin Adoption Tether Usd Coin USDC stablecoin Circle's USDC stablecoin gobbles Tether's market share with 50B milestone

The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether.

29.01 / 18:03

business Stablecoin Adoption PayPal PayPal stablecoin: What it could mean for payments

PayPal confirmed on Jan. 8 it is “exploring a stablecoin” that could be called PayPal Coin after a developer found evidence of such a stablecoin within the source code of the company’s iPhone app.

28.01 / 11:27

Stablecoin Adoption goldman sachs Bitcoin boost Goldman Sachs Claims Adoption Won’t Boost Crypto Prices, Talks Down Stablecoin Plans

Goldman Sachs has warned crypto buyers that increased token adoption will no longer drive up prices, and that macroeconomic factors are now exerting a greater influence on the markets. And the firm appears to have tempered its interest in launching a stablecoin.

28.01 / 01:17

business Blockchain Stablecoin Adoption Terra Luna Borrowing reserves Anchor protocol's reserves head toward depletion due to lack of borrowing demand

Anchor, the flagship savings protocol of the Terra Luna (LUNA) ecosystem, has seen its reserves decline by 35.7% in the past seven days, according to Terra.Engineer. Since the beginning of December, the amount of Terra USD Stablecoin (UST) held in the "terra1tmnqgvg567ypvsvk6rwsga3srp7e3lg6u0elp8" smart contract has declined by over 50%, with only $35.7 million remaining.

28.01 / 00:05

Ethereum Stablecoin Tether Usd Coin Whales Make Up More Than Half of Stablecoin Volume, Tether Losing Dominance

Stablecoin “whale wallets” containing more than USD 1m controlled the lion’s share of stablecoin volume in 2021, despite the once-dominant Tether (USDT) increasingly being challenged by other stablecoins, according to on-chain analytics firm Nansen.

27.01 / 11:53

Stablecoin Meta Silvergate Bank Reportedly Aims to Buy Diem's Intellectual Property for USD 200M

American chartered bank Silvergate reportedly aims to purchase Diem's intellectual property for USD 200m, The Wall Street Journal reported, citing people familiar with the matter.

26.01 / 12:15

Stablecoin Meta Meta-Led Diem Reportedly Aims to Sell Assets to Pay Back Investors

The Diem Association (formerly known as Libra Association), the Meta-led project that once aimed to create a stablecoin accessible to everyone in the world, is reportedly attempting to sell its assets as a way to return capital to its investors.

25.01 / 23:09

Stablecoin CFTC SEC Congress U.S. Congressman calls for ‘Broad, bipartisan consensus’ on important issues of digital asset policy

In a letter to the leadership of the United States House Financial Services Committee, ranking member Patrick McHenry took a jab at “inconsistent treatment and jurisdictional uncertainty” inherent in U.S. crypto regulation and called for the Committee to take on its critical issues.

24.01 / 13:26

Stablecoin Mining regulation Backed Ban Crypto, but Legalize Mining and Issue Gold-backed Stablecoin, Urges Top Russian MP

Russian parliamentarians, government officials and finance chiefs remain deeply divided on the issue of crypto regulation – with a leading lawmaker indicating that crypto mining could soon be legalized, alongside a state-run, gold-backed stablecoin, while backing the idea of banning crypto trading and investment. The news comes shortly after the Central Bank’s recent proposal, suggesting a ban on crypto and token mining.

Stablecoin Financial News

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