US senators reveal new stablecoin bill

U.S. Senators Kirsten Gillibrand and Cynthia Lummis introduced a bill to regulate stablecoins. дальше »

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Stablecoin Regulation Gaining More Traction in US Congress

New stablecoin bill has been introduced in US, but it is likely to face some resistance from critics like Elizabeth Warren дальше »

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US senators propose bipartisan stablecoin bill opening door to FDIC insurance in US

US senators Cynthia Lummis and Kirsten Gillibrand have jointly unveiled bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins, according to an April 17 statement. дальше »

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DeFi Firm Usual Labs Raises $7M Round Led by Kraken Ventures and IOSG Ventures

The firm has received a commitment of $75 million in total value locked for the launch of its stablecoin USD0. дальше »

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US Senate bill would ban algorithmic stablecoins like Ethena USDe

Senators Kirsten Gillibrand and Cynthia Lummis released their much anticipated stablecoin regulation bill this week. Known as the Lummis-Gillibrand Responsible Financial Innovation Act, the bill aims to streamline the stablecoin industry and reduce the risks of another Terra collapse. дальше »

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Сенаторы США представили новый законопроект о регулировании стейблкоинов

Сенаторы из штатов Нью-Йорк и Вайоминг, Кирстен Джиллибранд (Kirsten Gillibrand) и Синтия Ламмис (Cynthia Lummis), представили в Сенате обновленный законопроект Payment Stablecoin Act, направленный на регулирование стейблкоинов. дальше »

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USDP briefly spikes to $1.28, costing an Aave trader $529k

The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant.  Like regular stablecoins, USDP is designed to… дальше »

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U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill

U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) are taking another swing at crypto-specific legislation, with a narrowly tailored bill seeking to define how stablecoins – cryptocurrencies that maintain a value with some other asset, like the U.S. dollar – will operate in the U.S. дальше »

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Umoja and Merlin Chain introduce Bitcoin-based USDb stablecoin

Umoja partners with Merlin Chain to launch USDb, a unique Bitcoin-based synthetic dollar designed for high yield and stability. The post Umoja and Merlin Chain introduce Bitcoin-based USDb stablecoin appeared first on Crypto Briefing. дальше »

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USDC gains made easy with Octoblock DeFi Rewards

In the constantly developing sphere of decentralized finance (DeFi), Octoblock has gained a reputation as a game-changer, where users can easily gain USDC, a stablecoin pegged to the US dollar, by holThe post USDC gains made easy with Octoblock DeFi Rewards appeared first on AMBCrypto. дальше »

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Uniswap (UNI) dips 15% on SEC concerns: whales pivot to LUNA and NUGX for growth

Uniswap’s 15% price drop after the SEC’s Wells Notice led major holders to seek more promising alternatives. Terra Luna excels with dynamic stablecoin options and instant settlement. NuggetRush’s no-tax model, governance perks, and play-to-earn game lure whales. дальше »

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Tether joins forces with Fuze for educational venture in Turkey and MENA

Stablecoin issuer Tether is teaming up with Fuze to educate individuals and financial institutions in Turkey and the Middle East about crypto. Tether, the company behind the largest stablecoin by market value, has signed a Memorandum of Understanding (MOU) with… дальше »

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Tether, Circle Diverge on How to Tackle Global Patchwork of Stablecoin Rules

The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to tackling fraud and money laundering. дальше »

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Binance Launchpool makes a critical error in FDUSD circulating supply

In a recent development, Binance's OMNI Launchpool reported deposits of FDUSD stablecoin that significantly surpassed its official total circulation. дальше »

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Stablecoin regulation more likely this year following key discussions among lawmakers

Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. дальше »

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USDe maintains full collateralization amid first market ‘stress test’

Ethena Labs, the entity behind the USDe synthetic dollar, has released the asset’s first attestation report, which shows the stablecoin remained fully collateralized over the past week despite significant turbulence in the crypto market. дальше »

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UK to implement new crypto, stablecoin legislation by Q3

The British government plans to introduce new regulations for stablecoins and other crypto services, such as staking, exchange, and custody, by mid-year. дальше »

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UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says

The country passed a landmark bill in June that laid the foundation for stablecoins and other crypto to be treated as regulated financial activities. дальше »

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Ethena stablecoin’s real-time risk monitor chart goes live

Intelligence firm IntoTheBlock unveiled an on-chain risk monitor for Ethena Labs’ stablecoin – USDe -, offering top-notch risk indicators. The detailed chart covers vital metrics, including sUSDe price actions, USDe peg monitor, volatility distribution, and DEX liquidity. дальше »

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Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl

The U.S. congressional effort to establish regulations for stablecoins has become an increasing longshot for passage this year, but the lawmakers who've pushed legislation the farthest reportedly had a meeting with Senate Majority Leader Chuck Schumer about it, Punchbowl News reported. дальше »

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Ondo Spikes 8% as Ondo Finance Tests Instant Conversion From BlackRock's Tokenized Fund to USDC

Stablecoin issuer Circle introduced a new smart contract function earlier Thursday to allow near-instant, around-the-clock redemptions from BlackRock's BUIDL fund for USDC stablecoins. дальше »

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$3 XRP Price Explosion In The Offing As Ripple Moves To Become The New Goliath Of Stablecoins

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Circle facilitates USDC swap for BlackRock’s tokenized fund

Circle will allow the direct conversion of BlackRock's tokenized fund shares into its USDC stablecoin дальше »

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Urgent Stablecoin Regulation Needed, Global Financial Watchdog Says

In a bid to navigate the complex landscape of stablecoin regulation, the Bank for International Settlements (BIS) has sounded the alarm for urgent global oversight. The latest report from the BIS underscores the pressing need for a unified regulatory framework to address the significant regulatory fragmentation hindering the widespread adoption of stablecoins. Related Reading: Shiba […] дальше »

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Excitement builds for Ripple’s stablecoin, LTC gain, and Borroe Finance

In the wake of Ripple's stablecoin announcement, XRP sees an upsurge, while Borroe Finance nears the presale finish line with growth potential, and Litecoin stands out as a top pick for 2024. #partnercontent дальше »

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Ripple unveils stablecoin as BTC whales pivot to Render rival for growth

In an ambitious move to enhance its ledger, Ripple launches a stablecoin backed by US assets, while InQubeta’s presale attracts Bitcoin whales with its inventive AI investment platform. #partnercontent дальше »

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FDUSD stablecoin expands to Sui blockchain, hits $3b market cap

First Digital Trust's stablecoin, FDUSD, is expanding to the Sui network after previous expansions to Ethereum and BNB Chain. дальше »

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US senators to unveil bipartisan stablecoin legislation

Senator Kirsten Gillibrand revealed ongoing discussions about forthcoming stablecoin regulation дальше »

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US Senators Gillibrand and Lummis Set to Unveil a New Stablecoin Legislation

Senators Gillibrand and Lummis's upcoming stablecoin legislation marks a crucial step towards integrating cryptocurrencies into the financial mainstream, promising innovation and regulatory balance. дальше »

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First Digital expands FDUSD stablecoin to Sui blockchain

Sui has integrated First Digital USD (FDUSD) stablecoin, joining Ethereum and BNB Chain as only networks currently with native FDUSD support. FDUSD’s expansion to Sui targets the growing decentralised finance (DeFi) ecosystem on Sui. дальше »

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Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push

FDUSD has quickly become the fourth-largest stablecoin since its launch in July under Hong Kong's digital asset regulations, benefitting from crypto exchange giant Binance's trading promotion. дальше »

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Ripple to launch stablecoin as DOGE targets $1 and InQubeta presale shines

Ripple shakes the crypto world with plans to launch a US dollar-backed stablecoin, while Dogecoin eyes the elusive $1 mark, and InQubeta's presale success signals a new entrant in the AI altcoin sector. #partnercontent дальше »

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Circle expands its Web3 Services to Solana as stablecoin transfers surge

Circle is expanding support for the Solana blockchain and USDC stablecoin integration as a report shows Solana processes 43% of all stablecoin transfer volume. дальше »

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'Pass stablecoin legislation now:' Exec on concerns over illicit financing 

Coinbase CLO urges swift action to address illicit finance concerns. U.S. Treasury Deputy Secretary highlights increasing terrorist reliance on virtual assets. Stablecoins play a pivotal rolThe post 'Pass stablecoin legislation now:' Exec on concerns over illicit financing  appeared first on AMBCrypto. дальше »

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BIS Publishes New Stablecoin Report Following Ripple's Announcemnet

With major companies like Ripple entering the stablecoin market, regulators are striving to come up with rules that mitigate risks without hindering innovation дальше »

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Financial Stability Institute calls for uniform stablecoin regulation

A report published by the Financial Stability Institute on Tuesday warned about the need for uniform regulatory frameworks for stablecoins across different countries. дальше »

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Key Congressman McHenry Is Bullish U.S. Stablecoin Law Will Pass This Year

The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done. дальше »

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US Treasury official targets Tether USDT stablecoin in Russian sanction evasion

US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written testimony on April 9 to the Senate Banking, Housing, and Urban Affairs Committee. дальше »

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Milei Moneda’s launch promises big as Solana and Toncoin rise

Milei Moneda (MEDA) offers a promising start, alongside Solana's (SOL) rise in stablecoin issuance aiming for a rebound, while Telegram's embrace of Toncoin (TON) heralds a new era of crypto integration and remarkable growth. #partnercontent дальше »

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Coinbase's Top Lawyer Urges Congress to Pass Stablecoin Bill

It looks likely that the stablecoin bill is going to pass in 2024 дальше »

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Ripple to launch stablecoin as Starknet lowers fees and NuggetRush thrives

Ripple announces plans to introduce a stablecoin, while Starknet slashes its declaration fee by 30x. Meanwhile, analysts spotlight NuggetRush as the upcoming standout in the crypto gaming landscape. #partnercontent дальше »

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Stablecoin Growth Is More Important Cue for Crypto Bull Market Than Bitcoin ETF Inflows: Analyst

Rapidly expanding stablecoin supply shows that "fiat money is being moved into crypto at an accelerated pace," 10x Research's Markus Thielen said. дальше »

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Ethena Labs scores $250m allocation for USDeFRAX pool

Synthetic dollar developer Ethena Labs received the green light for a USDeFRAX liquidity pool with Frax Finance to diversify FRAX stablecoin yield.  дальше »

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Ripple launches new stablecoin. What is behind the move?

What does the launch of the new digital currency mean for the future of XRP and the crypto market? Ripple (XRP) announced on Apr. 4 that it is diving into the stablecoin market, launching a digital currency tied to the U.S.… дальше »

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XRP Price Explosion to $5 Closer Than Ever With Ripple’s Foray Into the $154 Billion Stablecoin Market

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Jury convicts Do Kwon, meme coins enjoy Q1 gains, Ripple to launch stablecoin | Weekly Recap

Last week, a jury in New York declared Terraform Labs and its founder Do Kwon guilty of fraud charges. The meme coin narrative garnered attention, and Ripple looked to launch a USD-backed stablecoin. Here's our weekly recap. дальше »

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ZA Bank launches banking solutions for stablecoin issuers in Hong Kong

Hong Kong's ZA Bank revealed plans to provide specialized banking services for stablecoin issuers, a strategy it expects to boost local web3 adoption. дальше »

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New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case

The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD. дальше »

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Ethena’s USDe stablecoin rockets past $2b supply

Ethena Labs’ synthetic dollar has surged to a $2 billion market cap less than two months after the protocol released its product on Ethereum’s public mainnet.  дальше »

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Ripple to Launch Dollar-Backed Stablecoin, Samson Mow Likens Bitcoin ETFs to Matrix's Neo, Shiba Inu Surges 1,058% in Key Metric: Crypto News Digest by U.Today

Check out U.Today’s news digest to stay updated on the latest crypto events! дальше »

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