Thailand’s Central Bank Issues Guidelines for Digital Baht and Illegal Use of Stablecoins

2021-3-22 15:36



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OCC allows national banks to operate nodes and stablecoin networks

The Treasury’s Office of the Comptroller of the Currency (OCC) has greenlighted federally chartered banks to run nodes and use stablecoins for payments and other acceptable functions. The agency published a letter on January 4, noting that national banks or federal savings associates may validate, store, and record payment transactions by working as a node on independent node verification networks (INVNs).

2021-1-5 14:42


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US congresswoman introduces a new bill to ban illegal stablecoins

Rachida Tlaib, Michigan’s House Representative, alongside congressmen Jesus Garcia and Stephen Lynch, have introduced a new bill in Congress to ban the use of illegal stablecoins. A press release unveiled this news on December 2, noting that this bill seeks to improve protection for US citizens against the risks associated with the rapidly growing crypto market in the US.

2020-12-5 12:00


Bank of England guv: Bitcoin, cryptocurrencies are difficult and unsuitable for public use

In a panel discussion with the Brooking Institution, Governor of the Bank of England, Andrew Bailey said that stablecoins, Bitcoin, and other cryptocurrencies are difficult and unsuitable for the publThe post Bank of England guv: Bitcoin, cryptocurrencies are difficult and unsuitable for public use appeared first on AMBCrypto.

2020-9-3 19:43


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Messari: Tether (USDT) Likely to Surpass Bitcoin as the Dominant Cryptocurrency

Although stablecoins are a relatively new invention in the cryptocurrency space, they have become quite popular among those who use cryptocurrencies for payments. The most preferred of them all is Tether’s USDT which a Messari researcher says may have the potential to replace Bitcoin as the dominant currency on public blockchains. Its number of daily […]

2020-7-22 13:00


Crypto Payment Processor BitPay Sees More Use in Stablecoins than Layer-2 Solutions

Bill Zielke, BitPay’s Chief Marketing Officer, revealed on Thursday this week that the company was not planning to integrate the layer 2 Bitcoin channels. Bill explains that Bitcoin transactions dominate the customers’ preference hence no rush to switch despite the fees reaching highs of $7 after a 256% spike earlier in the month. The company […]

2020-5-30 22:47


BlockFi Adds New On-Ramp, Allowing Customers to Use Cash Deposits to Buy BTC

The cryptocurrency-focused financial company BlockFi said it now has a newly enabled feature that allows its customers to buy Bitcoin (BTC) with cash. Before, the Jersey City-based crypto lender, only allowed users only to transfer their digital assets [BTC, ETH, LTC, and stablecoins USDC, GUSD] onto the platform from wallets and exchanges. But after today's […]

2020-3-10 21:18


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David Schwartz: Ripple Is Working On ‘Very Exciting’ Features That Could Allow Creation Of Stablecoins On the XRP Ledger

A number of changes on the XRP ledger could be looming, including one that could allow the creation of tokens backed by some assets. Ripple’s Chief Technology Officer, David Schwartz, recently revealed that they are working on “very exciting” features to improve the XRP ledger in terms of functionality, subsequently expanding XRP’s use cases. Stablecoins […]

2020-2-29 22:57


Even with Tether's variable peg over 2019, people chose to use it more than any other stablecoin

Stablecoins have shaped the fabric of how cryptocurrency transactions happen. The idea behind a stablecoin might have arisen out of necessity, to have an easier way to access cryptocurrencies. HoweverThe post Even with Tether's variable peg over 2019, people chose to use it more than any other stablecoin appeared first on AMBCrypto.

2019-12-19 16:45


Trusted third parties should issue stablecoins, not Facebook- eToro believes partnering with authorized partners is the key to success for Libra

If Facebook’s Libra project is to succeed it should use stablecoins issued by regulated third parties rather than create its own crypto-assets, that’s the conclusion of a new position paper publisThe post Trusted third parties should issue stablecoins, not Facebook- eToro believes partnering with authorized partners is the key to success for Libra appeared first on AMBCrypto.

2019-11-29 15:30


Libra, digital yuan, centralized stablecoins are just banking services: MakerDAO's Christensen

MakerDAO's latest upgrade is deemed paramount to the ecosystem's relevance as it seeks to enhance the Dai token's real-world use cases. Maker's Rune Christensen recently featured in a Blockcrunch inteThe post Libra, digital yuan, centralized stablecoins are just banking services: MakerDAO's Christensen appeared first on AMBCrypto.

2019-11-19 09:30


Bitcoin trading to USDT drops by nearly a quarter

Stablecoins volume have dropped. In the month of September as Bitcoin’s price took a tumble, so did the stablecoins. Seen to serve different sectors of the market, some as a trading hedge, some as a trading pair, or some as a crypto-investment bridge, stablecoins have a multitude of purposes, yet their use, in a sluggish […] The post Bitcoin trading to USDT drops by nearly a quarter appeared first on AMBCrypto.

2019-10-22 17:30


Stablecoins : Killer application of blockchain

The first and foremost point we learn about the money is that it belongs to the government institutions. They print the money and we spend as the payments and use it as a store of value. This phenomenon was there for more than a decade or two, but things started moving resentfully when someone promulgated The post Stablecoins : Killer application of blockchain appeared first on ItsBlockchain.

2019-10-10 12:23


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IMF Educates on Stablecoins, Is Government Adoption Possible?

The International Monetary Fund has always shown some crypto-curiosity. In a recent document, the IMF commented on the use cases and utility of stablecoins, or assets with a pegged value. IMF Bigs Up Stablecoins In a recent IMF staff paper, part of the Fintech Notes series, the organization outlines the promises and risks of those assets, as a new arrival on the fintech scene.

2019-9-24 20:00


Germany’s Federal government prepares to make sure stablecoins do not replace state-backed fiat currencies

Today, the German Federal government presented a concept to the Federal Cabinet for use cases of blockchain database technology. A number of laws were announced in the 42-page paper, all of which aim to help blockchain technology to be properly incorporated into the administration and financial sector.

2019-9-18 19:30