Stablecoin Financial News

21.01 / 20:08

Stablecoin Federal Reserve Dollar Does a Fed digital dollar leave any room for crypto stablecoins?

During Jerome Powell’s Jan. 11 United States Senate confirmation hearings, Sen. Patrick Toomey posed a question to the incumbent-and-future Federal Reserve chief: “If Congress were to authorize and the Fed were to pursue a central bank digital dollar, is there anything about that that ought to preclude a well-regulated privately-issued stablecoin from co-existing with a central bank digital dollar?”

19.01 / 22:18

Stablecoin regulation Central Bank NOT BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers"

In a speech entitled “Digital currencies and the soul of money,” Agustín Carstens, the general manager of the Bank of International Settlements,’ criticized private stablecoins and decentralized finance (DeFi), touting central bank-led financial innovation as the best possible path to the future of money.

19.01 / 08:03

business Ethereum Stablecoin network ethereum network USDC flips Tether on the Ethereum network

Circle’s USD Coin (USDC) has reached a major milestone by surpassing Tether (USDT) in total supply on the Ethereum network.

18.01 / 18:45

Blockchain Stablecoin defi Funding Solana-based DeFi protocol Hubble raises $10M, prepares for mainnet launch

The Solana (SOL) network is ready to see the mainnet launch for another decentralized finance (DeFi) protocol, aimed at Web3 development and backed by bigshots from the crypto industry.

17.01 / 15:47

Ethereum Stablecoin Adoption Bitcoin Altcoins Gain Bigger Share in Payments, Crypto Spending on Luxury Goods Jumped in 2021 - BitPay

Crypto payments processor BitPay says that the bitcoin (BTC) payments at merchants who use the company’s services dropped to 65% of all processed payments last year -- a decline from 92% in 2020.

17.01 / 12:27

Blockchain Stablecoin Adoption Central Bank CBDCs and stablecoins: EY advises banks to ‘prepare for what's coming’

Big Four accounting firm EY has recommended that banks should change their regulatory perimeter to address the oncoming launches of state-backed central bank digital currencies (CBDC) and private stablecoins.

15.01 / 09:35

Blockchain Stablecoin Usd Coin Framework regulatory Hong Kong begins discussions to introduce stablecoin regulatory framework

Hong Kong's central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory framework by 2023-24.

15.01 / 00:09

markets business Stablecoin ETF Cathie Wood’s ARK ETF reportedly buys 6.93M shares of SPAC merging with Circle

Cathie Wood's Ark Invest has reportedly purchased 6.93 million shares of the special purchase acquisition company, or SPAC, that is merging with Circle, for $70.6 million through the company’s ARK Fintech Innovation exchange-traded fund (ETF). This purchase would represent a new position for the ETF, according to MarketWatch.

14.01 / 16:33

markets Stablecoin Trading Here is how one algorithmic indicator anticipated multiple phases of FXS’ protracted rally

Frax Share (FXS) has been one of the few altcoins to pull off a dominant price performance amid the down market of late 2021 to early 2022. In the month between Dec. 14 and Jan. 14, FXS was up 128% against the U.S. dollar and 159% against Bitcoin (BTC). In addition to this impressive feat, FXS topped the charts of historically bullish trading conditions on multiple occasions throughout this period. What is behind the token’s recurring strong trading outlook?

14.01 / 14:23

Stablecoin regulation banking regulatory US Regulator Calls For Stablecoin Bank Regulation, Coordinated Regulatory Approach To Crypto

Stabilizing stablecoins and paving the way for a coordinated and collaborative regulatory approach to cryptocurrencies should become the key focus of American regulators -- and bank regulation could provide stablecoin holders with more confidence and security, according to Michael J. Hsu, Acting Chief of the US Office of the Comptroller of the Currency (OCC).

14.01 / 13:03

Ethereum Stablecoin Crime Tether Tether Freezes USD 160M-Heavy Addresses on Law Enforcement Request

Stablecoin issuer Tether (USDT) froze three addresses on Ethereum (ETH), which together hold USD 160m worth of assets.

14.01 / 09:09

business Blockchain Stablecoin Tether Tether freezes $150 million in USDT

Tether has added three more Ethereum addresses, holding more $150 million worth of the USDT stablecoin between them, to its blacklist.

12.01 / 16:33

Stablecoin Tether Usd Coin Bitcoin reserves Hong Kong Monetary Authority aims to oversee stablecoin reserves

Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), wants to supervise stablecoin issuance and reserves management.

12.01 / 13:45

Stablecoin regulation Federal Reserve committee US Fed Chair's Top 3 Crypto-Related Comments in Front of Senate Banking Committee

The US Federal Reserve (Fed) Chair Jerome Powell discussed the central bank's COVID-19 response and financial stability, among other issues, during his re-nomination testimony on Tuesday in front of the Senate Banking Committee. He also made several comments that may potentially have an impact on the crypto market -- and here are the top 3 ones.

10.01 / 19:57

Ethereum Stablecoin Binance Bitcoin Net Worth Record Crypto Investment Outflows, PayPal Coin, Binance CEO's Net Worth + 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.

10.01 / 16:41

Stablecoin Adoption App Store CBDC wallet tops mobile app store charts in China

The official digital yuan wallet app that was released as a pilot version to be used in select cities has still managed to top app store charts in its first week.

10.01 / 13:56

Blockchain Stablecoin Adoption Central bank of Bahrain trials JPMorgan blockchain and token

Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency.

09.01 / 12:41

cryptocurrency Stablecoin PayPal Bitcoin PayPal seeks to launch its own stablecoin

PayPal has been inching its way into the cryptocurrency market. In 2020, it allowed people to buy and sell crypto, and make transactions but it is currently limited to the US.

08.01 / 11:17

business Blockchain Stablecoin PayPal PayPal reportedly confirms plans to explore the launch of a stablecoin

American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.

08.01 / 02:47

markets Stablecoin Adoption regulation Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors

Stablecoins have emerged as a foundational part of the cryptocurrency ecosystem over the past couple of years due to their ability to provide crypto traders with an offramp during times of volatility and their widespread integration with decentralized finance (DeFi). These are necessary for the health of the ecosystem as a whole.

07.01 / 04:17

Stablecoin Adoption defi Decentralization $139M Terra proposal to ‘bring awesome UST use-cases’ to DeFi projects

Decentralized stablecoin issuer Terra issued an ambitious proposal to expand the interchain deployment of its UST stablecoin across five projects on Ethereum, Polygon, and Solana.

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