2024-2-14 08:45 |
The country's Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it.
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As Congress considers a path for nonbanks to be allowed to issue stablecoins, Nellie Liang, the U.S. Treasury Department’s undersecretary for domestic finance, says that’s fine with the agencies that once recommended issuers be regulated as banks.
2022-7-19 21:56 | |
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Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.
2022-7-18 16:38 | |
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The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology.
2022-7-15 23:00 | |
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SEC boss cautioned investors about pitfalls of stablecoins and lending products in recent interview
2022-7-14 18:30 | |
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A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy.
2022-7-12 13:47 | |
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Jeremy Allaire, CEO of USDC issuer Circle has moved in to quell rumors of an impending USDC collapse following a crypto market deleveraging event that has seen some stablecoins lose their peg and lending firms get trapped in a liquidity crisis.
2022-7-5 16:45 | |
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“Europe’s upcoming crypto-assets policy framework will be to crypto what GDPR was to privacy,” says Circle chief strategy officer Dante Disparte.
2022-7-1 05:26 | |
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Not all stablecoins are alike, analysts note – but regulations may be needed to compel audits and investor fairness.
2022-6-23 19:32 | |
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The Federal Reserve views stablecoins as an area of concern due to the recent strain on the digital assets, noting that this has highlighted the “structural fragilities in that rapidly growing sector.
2022-6-22 22:00 | |
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Concerns about stablecoins following UST’s collapse have exacerbated declines in digital asset prices, the bank said.
2022-6-8 12:19 | |
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Today, New York has been causing a lot of noise in the crypto industry. The U.S. state is renowned for its hostile stance against the nascent asset class. Related Reading | What Terra’s Collapse Brought For Stablecoins In Japan, New Law Passed Some believed the election of Eric Adams as Mayor was going to push things […]
2022-6-4 01:00 | |
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Tether (USDT) co-founder Reeve Collins believes the collapse of TerraUSD (UST) — since renamed TerraClassicUSD (USTC) — might be the catalyst that triggers the downfall of other algorithmic stablecoins, CNBC reported.
2022-6-3 20:30 | |
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Terra’s UST stablecoin crashed a few weeks ago, and some experts say the event… The post UST collapse will be the end of most algorithmic stablecoins, says Reeve Collins appeared first on CoinJournal.
2022-6-3 17:07 | |
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In recent years, major corporations have been looking for ways to incorporate cryptocurrencies into their operations. So naturally, these companies want the benefits of blockchain without having any responsibility or risk associated with them – which is why we’ve seen so many starts dipping their toes in the water. MoneyGram is the latest company to […]
2022-5-31 19:00 | |
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A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee of Financial Services on Thursday.
2022-5-27 18:42 | |
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Federal Reserve Vice Chair Lael Brainard testified before a House committee on Thursday about CBDC coexisting alongside stablecoins. The post Federal Reserve Vice Chair Testifies in Support of CBDC, Says It Can ‘Coexist’ With Stablecoins appeared first on BeInCrypto.
2022-5-27 18:20 | |
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Cryptocurrencies, in particular stablecoins, could lead to an undesired “dollarization” of the economy, India’s central bank warned a parliamentary panel. The post Crypto Could Lead to ‘Dollarization’ of Economy, Says Indian Central Bank appeared first on BeInCrypto.
2022-5-16 19:30 | |
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We only seek to legalize fully backed stablecoins says the Treasury As the… The post Despite the Terra debacle, the UK to recognise stablecoins as legal tender appeared first on Coin Journal.
2022-5-16 14:54 | |
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It has been a rollercoaster month for the crypto markets that saw the shocking crash of Terra’s native coin and stablecoin offerings wiping billions from the crypto markets. However, in a recent interview, Bitcoin evangelist Michael Saylor said that recent happenings would be good for Bitcoin and push stablecoin regulations. Michael Saylor Believes The Recent […]
2022-5-16 14:17 | |
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The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure.
2022-5-14 08:21 | |
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Terra's UST dropped as low as $0.29 and Tether's USDT stablecoin briefly depegged from the dollar to hit $0.96 on Wednesday.
2022-5-13 21:30 | |
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Sen. Pat Toomey, the Banking Committee’s top Republican, doesn’t want asset-backed stablecoins tarnished by the UST drama.
2022-5-12 23:51 | |
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The TerraUSD (UST) token crashed to lows of $0.61 on Monday as it massively… The post UST crash shows dangers of un-backed DeFi stablecoins, says Yield App CEO appeared first on Coin Journal.
2022-5-11 15:34 | |
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The acting chief of the Office of the Comptroller of the Currency has claimed that stablecoins should be given a common standard similar to the way that certain web practice...
2022-4-28 00:34 | |
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Stablecoins should have the same kind of standard-setting initiative previously seen in setting up common web practices in the early days of the internet, said Acting U.S. Comptroller of the Currency Michael Hsu.
2022-4-27 17:44 | |
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Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.
2022-4-16 21:33 | |
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Bitfinex and Tether CTO, Paolo Ardoino spoke to Cointelegraph about cryptocurrency adoption in Europe.
2022-4-13 15:22 | |
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The Crypto rally is likely standing on its last legs, according to JPMorgan, as stablecoins see a brisk decline in total share of the overall crypto market valuation.
2022-4-10 16:11 | |
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Among initial steps will be legislation to recognize stablecoins as legitimate vehicles for payments.
2022-4-5 19:55 | |
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In a Senate Banking Commitee press conference this past Wednesday, Federal Reserve Chair Jerome Powell clarified in response to a question on whether a potential Fed CBDC would preclude the existence of privately-issued stablecoins, to which Powell responded “No, not at all.
2022-1-13 20:00 | |
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Clearer regulations around stablecoins could make crypto a more viable investment option, according to the “Shark Tank” star.
2021-12-31 21:49 | |
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FTX CEO Sam Bankman-Fried says stablecoins could be the most straightforward route to crypto industry regulation in revealing tweets.
2021-12-28 13:20 | |
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"The Council recommends that state and federal regulators review available regulations and tools that could be applied to digital assets," says the FSOC.
2021-12-18 23:59 | |
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Investors who have invested money in stablecoins stand a higher chance of losing the money because these projects are neither transparent and regulated, nor decentralized as claimed, says United States Senator Sherrod Brown (D-OH).
2021-12-15 20:25 | |
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Crypto has “all the makings of something that could become” a financial stability risk, says Bank of England Governor Andrew Bailey. The post BoE Wants to Bring Stablecoins Into Bank’s Regulatory Remit, Urges Institutions To Take A “Cautious Approach” To Crypto Adoption first appeared on BitcoinExchangeGuide.
2021-12-15 22:24 | |
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The U.S. lawmaker claimed that the value of stablecoins would “take a nosedive,” with small investors largely feeling the effects of a potential downturn.
2021-12-15 21:00 | |
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Quarles said some of the approaches on stablecoin regulation from the President's Working Group on Financial Markets’ November report are unnecessary.
2021-12-2 22:15 | |
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Andrew Bailey, the Governor of Bank of England, yet again shared his criticism of stablecoins as he said that he did not believe that stablecoins are likely to evolve into safe, regulated money, which means central bank digital currencies (CBDCs) will more likely be the future for electronic payments.
2021-11-25 17:57 | |
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Bank of England’s governor, Andrew Bailey, has expressed criticism towards the future use of stablecoins as a regulated form of money. He noted that the Central Bank Digital Currency (CBDC) should be the perfect currency for such.
2021-11-25 15:35 | |
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Charles Cascarilla, the co-founder and CEO of stablecoin issuer Paxos, believes the Biden administration’s move to regulate stablecoins is a good step in the right direction. He shared his sentiments during a November 3 interview, noting that he expects more dialogue on the matter.
2021-11-5 16:37 | |
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John Wu, the president of Ava Lab, believes most crypto firms want regulation. He said this during an interview on November 1 while sharing his sentiments on the Treasury’s report on stablecoins and what it could mean for the entire crypto space.
2021-11-4 18:24 | |
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PWG also called for “urgent” Congressional action to regulate stablecoins to address the prudential risks posed by stablecoins. But nothing big is happening “any time soon.” The post Stablecoins Support “Faster and More Inclusive” Payments Options, says the Biden Administration’s Report first appeared on BitcoinExchangeGuide.
2021-11-2 16:39 | |
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Stablecoins are part of the Consumer Financial Protection Bureau’s (CFPB) probe into big tech, as it believes their growing use poses a risk to the financial system. The post Stablecoins Part of Big Tech Probe, Says CFPB Director appeared first on BeInCrypto.
2021-10-29 18:43 | |
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The lobby group says regulators should not treat stablecoins as investment products A US-based… The post Crypto lobby says stablecoins should not be subjected to new rules appeared first on Coin Journal.
2021-10-19 12:29 | |
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A senior White House official says the administration ensures a “smart and effective regulatory system” for crypto. Meanwhile, for the IMF, because DeFi is one of the main drivers of the rapid growth of stablecoins, it “warrants close attention.
2021-10-13 16:40 | |
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Strip Finance, a Collateralised NFT & DeFi Liquidity Protocol, is putting NFTs for better use by collateralising them for stablecoins and providing greater liquidity. A next-generation NFT platform called Strip Finance is making it possible to collateralise Non-Fungible tokens while still maintaining ownership of the assets, taking DeFi and NFTs to a whole new dimension.
2021-10-6 16:19 | |
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As cryptocurrencies are becoming more and more commonplace in the financial world, the demand for stablecoins has also risen significantly. And that is proved true as data shows the total supply of stThe post U.
2021-10-4 19:00 | |
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Central bank money ensures public trust in money and supports public welfare, said the global body policymaker in its latest report on central bank digital currencies (CBDCs). With new forms of digital money issued by the private sector, such as stablecoins emerging, which has accelerated since the Covid-19 pandemic began, central banks are also ensuring […] The post Significant Stablecoin Adoption Could Result in “Excessive Market Power,” says BIS Report on CBDC first appeared on BitcoinExchangeGuide.
2021-10-1 18:12 | |
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Quant says some Bitcoin indicators show the same trend as in during Q4 2020, suggesting that BTC could make a similar move up. Bitcoin Netflow And Stablecoins Supply Ratio Trends Look Similar To Q4 2020 As explained by an analyst in a CryptoQuant post, two BTC indicators: the netflow and the stablecoins supply ratio, are both trending similarly to how they did during the last quarter of 2020.
2021-9-30 22:00 | |
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| Analogue Notcoin - TapSwap |
Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.
Yao Qian is reportedly being investigated for "violations of discipline and law."
Центральный банк Таиланда сообщил, что в октябре 2023 года успешно завершил пилотную программу по тестированию цифрового тайского бата (CBDC), однако регулятор еще не готов к его запуску.
The consultation paper asked New Zealand citizens to respond on the digital cash design, whether or not interest should be paid and if there should be holding limits.
The country's central bank does not plan on issuing a retail version of the digital currency.
Центральный банк Объединенных Арабских Эмиратов осуществил первый перевод цифровых дирхамов, применив для этой цели платформу mBridge.