2020-10-16 17:07 |
The G7's recent rejection of Libra doesn’t seem to have slowed them down.
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Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD.
The new Lift Dollar (USDL) stablecoin launched by Paxos offers daily yield from US government securities. The USDL stablecoin is issued on Ethereum. Currently the new stablecoin is accessible in the UAE, Europe, UK, and Japan.
UAE central bank has approved new licensing for dirham-backed stablecoins. The licensing system is part of UAE’s broader Financial Infrastructure Transformation (FIT). The Dubai regulator updated the rules to allow limited investments in unrecognized tokens.
Binance will limit the availability of “unregulated stablecoins” in the EU by June 30, aligning with the upcoming Markets in Crypto-Assets Regulation (MiCA), according to a statement released on June 3.
Quick Take A recent analysis by CryptoSlate indicates that Bitcoin miners continue to capitulate, as evidenced by the hash ribbon metric. Glassnode data shows that the current hash rate, observed on a seven-day moving average, has dropped to 567 exahashes per second (EH/s), marking its lowest point since the post-halving period.
Ripple CEO Brad Garlinghouse said there’s a massive shift in DC’s crypto perspective, and regulations could catalyze an inevitable stablecoin market boom.
Fractured Latin America is turning its attention to cryptocurrencies. What is happening in these countries?