Stablecoin Financial News

06.12 / 19:59

business Blockchain Technology Stablecoin settlement International Bank of International Settlement calls the rise of decentralized finance 'an illusion' in latest quarterly review

On Monday, the Bank of International Settlement, or BIS, a financial institution owned by central banks worldwide, published a report scrutinizing the development of the decentralized finance, or DeFi, industry. The article opened by saying, "There is a "decentralization illusion" in DeFi since the need for governance makes some level of centralization inevitable, and structural aspects of the system lead to a concentration of power." It continued:

04.12 / 19:35

Blockchain Ethereum Stablecoin Bitcoin Blockchains need to move toward standards for interoperable asset transfers

Cross-chain asset transfer has been around for several years. The concept developed almost as soon as multiple blockchains were developed and began to gain adoption.

04.12 / 10:11

Stablecoin Tether reserves Stablecoin giant Tether sheds no new light on crypto reserves

Tether, which serves as a controversial foundation for much of the cryptocurrency market, didn’t shed any more light on where its reserves are held.Tether Holdings Ltd. had assets totaling at least $69 billion as of Sept.

03.12 / 01:41

markets Ethereum Stablecoin regulatory Regulatory fears put a damper on Ethereum traders’ $5,000 target

This week Ether (ETH) price came within 2% of its all-time high, and on Dec. 2 the altcoin reached its highest price in Bitcoin (BTC) terms since May 2018. Ether hitting 0.0835 in its BTC pair represents a 229% gain for 2021, but Ether bulls might come out empty-handed from this Friday’s $680 million options expiry.

03.12 / 01:11

business Stablecoin e-commerce MercadoLibre plans to accept BTC and cryptocurrencies as payment for all products

MercadoPago, the fintech arm of e-commerce giant MercadoLibre, has enabled its Brazilian customers to buy, sell and hold Bitcoin (BTC), Ether (ETH) and the Paxos-issued U.S. dollar-backed stablecoin Pax Dollar (USDP). In a statement issued Thursday by U.S.-based Paxos, the blockchain infrastructure platform used by PayPal and Facebook, the partnership between MercadoPago and Paxos will allow users to pay for all products sold on the platform using cryptocurrency.

02.12 / 22:33

Government Stablecoin Federal Reserve Fed's Quarles says regulators should show 'constraint' on stablecoins to avoid hampering innovation

Speaking publicly for the last time as a member of the Board of Governors of the Federal Reserve System, Randal Quarles urged regulators to exercise restraint on stablecoins.

02.12 / 22:33

markets Stablecoin Senate Bitcoin Victory is for the taking in Friday’s $950M Bitcoin options expiry

Bitcoin (BTC) price is down this week, and naturally, bears will always find some reversal signal whenever the price shows strength, such as the 8% gain on Nov. 28. Of course, technical analysis is not an exact science, so there is a margin for interpretation and most traders look at multiple timeframes to find a narrative that suits their bias.

02.12 / 00:39

Stablecoin defi Bank of America Metaverse is a 'Massive, Massive Opportunity' for Crypto – BofA Strategist

The metaverse will be what finally pushes crypto to be used as currencies in the virtual world, a strategist at Bank of America (BofA) said about the potential of the fast-growing crypto niche.

01.12 / 09:41

business Facebook Stablecoin Social Media end Meta's head of crypto to step down at end of year

David Marcus, the head of Meta’s cryptocurrency and fintech unit Novi, will step down from his role by the end of 2021.

30.11 / 06:59

business Stablecoin DLT Hedera and Korea's Shinhan Bank partner on KRW stablecoin pilot

South Korea’s Shinhan Bank and Hedera Hashgraph (HBAR) have completed a proof of concept that is designed to conduct international remittances using stablecoins on the Hedera Network.

27.11 / 00:28

markets Stablecoin Bitcoin covid variant Variant Bitcoin drops below $54K, stocks sell-off after new Covid variant emerges

Deribit exchange is the absolute leader in the Bitcoin (BTC) options markets and on Nov. 24 the 25% delta skew indicator signaled that sentiment among pro traders was becoming “more bearish overall.”

26.11 / 20:13

Blockchain Technology Stablecoin Adoption Future Stablecoin issuers poised to be banks of the future on road to adoption

There is no denying the fact that the crypto market has grown from strength to strength over the course of 2021, as is best highlighted by the total capitalization of the industry recently hitting the $3-trillion mark, albeit for a relatively brief period of time.

26.11 / 14:55

Stablecoin Adoption Bitcoin Bitcoin too volatile to be adopted as legal tender, says BoE chief

Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City.

25.11 / 18:09

Stablecoin ETF SEC Bitcoin Bitcoin bulls risk losing $365 million upon Friday’s BTC options expiry

Bitcoin’s (BTC) price action hasn’t been bullish despite the $69,000 all-time high on Nov. 10. Some argue that that descending channel formed 40 days ago is the dominant trend, and $56,000 marks its current resistance.

25.11 / 16:41

Government Blockchain Law Stablecoin European Council approves two digital asset proposals

The European Union's planned framework for regulating cryptocurrencies is one step closer to becoming official. On Wednesday, the European Council, which guides the EU's political agenda, announced its position on the Markets in Crypto Assets (MiCA) framework and the Digital Operational Resilience Act (DORA).

25.11 / 14:38

cryptocurrency Stablecoin regulation Council of European Union Advances Talks On MiCA, DORA Regulations

The Council of the European Union has adopted a position on two proposals - the Regulation on Markets in Crypto Assets (MiCA) and the Digital Operational Resilience Act (DORA) - that are part of the European Union’s much-discussed digital finance package. Owing to this, the Council doted itself with a negotiating mandate for trialogue talks with the European Commission and the European Parliament.

25.11 / 12:19

Stablecoin Adoption Bitcoin Crypto poses no big risk to economy so far, Bank of Canada official says

Cryptocurrencies like Bitcoin (BTC) do not pose any significant risk to the financial system at their current level of adoption, according to Bank of Canada’s Deputy Governor Paul Beaudry.

24.11 / 20:00

Government Stablecoin Tether information hearing committee Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information related to consumer and investor protection on stablecoins.

24.11 / 14:45

Stablecoin defi regulation South Korean Draft Law Calls for Life Sentences for Crypto Market Manipulators

The South Korean government has unveiled a new draft crypto law that includes strict punishment for token market manipulation-related offenses – proposing massive fines and hefty jail sentences for offenders.

24.11 / 12:33

Stablecoin Tether coinbase Paxos US Senate Demands Answers From Stablecoin Issuers, Expresses ‘Concerns’

Stablecoins are in for another battering at the hands of the United States policymakers – with the Senate now getting in on the act: a committee chief has expressed “significant concerns” about the “consistency” of the terminology used to audit them.

23.11 / 17:43

Stablecoin regulation ECB Framework ECB Publishes New Oversight Framework, Set to Include Stablecoins

The European Central Bank (ECB) has published a new oversight model for the PISA framework that covers electronic payment instruments, schemes and arrangements, aiming to introduce more safety and efficiency into the current and future payments ecosystem. The latest move complements the European Union’s forthcoming regulations on crypto assets, including stablecoins, and international standards for global stablecoins, the bank said.

what you should know about Stablecoin

What is Stablecoin and why is it important?

Stablecoin is a significant category that draws public attention. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on Stablecoin?

All latest articles about Stablecoin can be found in the special selection. We publish information as it becomes available.

How can I verify the accuracy of information on Stablecoin?

We use verified data to ensure that the information about Stablecoin is well-supported and informative for our readers.