DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report

In a recent report published by QuickNode, the first quarter of 2024 showed the dominance of decentralized finance (DeFi) and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector in key metrics, indicating investor preference and market sentiment during this period. дальше »

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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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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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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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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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Tether Treasury Mints $10 Billion USDT In 1.5 Months – Here’s What This Means For Bitcoin and Crypto Enthusiasts Amid Upcoming BTC Halving

Amidst the ongoing crypto market volatility and the looming Bitcoin halving event, Tether Treasury has made a significant move by minting $10 billion worth of USDT stablecoins since March 1st, according to data from the on-chain analytics platform Lookonchain. дальше »

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New UK Legislation To Govern Crypto Staking, Trading, By Mid-2024: What You Need To Know

The United Kingdom is poised to enact new legislation covering stablecoins and various crypto activities, including staking, trading, and custody.  The forthcoming regulations, which are expected to be implemented by June or July 2024, mark a significant milestone as they bring digital assets, such as the operation of exchanges and the custody of customer funds, […] 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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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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Stablecoins Are Beneficial to U.S. Economy, Tether's Custodian Says

Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said. 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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Sui Basecamp: The Sui’s Inaugural Global Conference Opens Floor for Gaming, Stablecoins and Product Innovation

Renowned Layer-1 blockchain and smart contract platform Sui has disclosed the commencement of its much-anticipated inaugural global conference, “Sui Basecamp”. The event, scheduled for two days, commenced at about 9:30 AM local time on Wednesday, April 10, and will conclude at 4:15 PM CET on Thursday, April 11. On the first night of the event, […] дальше »

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Cantor Fitzgerald CEO advocates for stablecoins, tokenization

Howard Lutnick, the CEO of Cantor Fitzgerald, articulated his support for crypto stablecoins and the tokenization of financial assets. дальше »

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Stablecoins are ‘fundamental’ for the US economy — Cantor Fitzgerald CEO

Lutnick claimed at a recent conference hosted by Chainalysis that stablecoins are fundamental for the US economy. дальше »

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Gaming, Stablecoins and Product Innovation Take the Stage at Sui Basecamp, Inaugural Global Conference for the Sui Ecosystem

Sui Basecamp, the inaugural global conference for the Sui ecosystem opened its doors today in Paris, welcoming developers and entrepreneurs from around the world as they celebrate Paris Blockchain Week. дальше »

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Gaming, Stablecoins and Product Innovation Take the Stage at Sui Basecamp, Inaugural Global Conference for the Sui Ecosystem

Paris, France, April 10th, 2024, Chainwire Sui Basecamp, the inaugural global conference for the Sui ecosystem opened its doors today in Paris, welcoming developers and entrepreneurs from around the world as they celebrate Paris Blockchain Week. 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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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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Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins

Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said. дальше »

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Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein

Solana is leading the field in blockchain payments, but the network has scalability issues, the report said. дальше »

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ETH Price Skyrockets as Ethereum Foundation Initiates Sell-off

Ethereum's soaring price clashes with Ethereum Foundation's puzzling decision to convert ETH into stablecoins дальше »

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Sony Bank to experiment on stablecoins through Polygon

Sony Bank starts a stablecoin proof-of-concept on the Polygon blockchain to assess legal issues around transferring fiat currency-pegged tokens. дальше »

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Tether again mints 1b USDT on Tron network

Tether mints another batch of USDT stablecoins, issuing two billion in two days. дальше »

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Ripple Unveils Plans for US Dollar-Backed Stablecoin on XRP Ledger and Ethereum: All You Need to Know

Ripple, the company behind the XRP cryptocurrency, has announced ambitious plans to launch its own USD stablecoin later this year. Stablecoins are cryptocurrencies designed to minimize price volatility by being pegged to a relatively stable asset or basket of assets, usually fiat currencies like the U. дальше »

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Solana Hits Major Achievement: Details

Solana saw enormous surge of issued stablecoins, which is important sign of network strength дальше »

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Will MiCA regulation end Tether’s dominance in the EU? 

In a crypto.news exclusive, Merkle Science Policy Director Natalia Latka discusses how the MiCA regulation will impact USDT and other stablecoins in the EU. дальше »

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Whales now hold 55% of USDT, USDC, DAI supply - A bull run incoming?

More than 55% of the total stablecoins in circulation were in whale custody. Stablecoin reserves on exchanges have risen substantially since the start of the year. One of the biggest bullishThe post Whales now hold 55% of USDT, USDC, DAI supply - A bull run incoming? appeared first on AMBCrypto. дальше »

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MakerDAO Initiates Massive $600 Million DAI Investment In USDe And sUSDe

Decentralized Finance (DeFi) protocol MakerDAO is considering allocating 600 million DAI stablecoins to the USDe and staked USDe (sUSDe) protocols through the DeFi lending platform Morpho Labs. The proposed allocation aims to improve risk management and maximize user incentives in the DeFi landscape. дальше »

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Van Eck heir to launch stablecoin backed by investment firm’s endorsement

Nick Van Eck has ventured into stablecoins with the backing of his family's esteemed business. дальше »

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Crypto Bulls See $400M Liquidations as Solana, Dogecoin Lead Slide in Majors

The CoinDesk 20 index, which tracks major tokens minus stablecoins, slumped just over 4.5%. дальше »

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Base Network Witnesses Surge In Transactions And Launch Of Mfercoin

On March 29th, the Base network experienced a significant uptick in activity, with the number of transactions soaring to 2. 275 million. This surge in activity coincided with a substantial increase in transaction volume on the decentralized exchange (DEX), reaching an impressive $730 million. дальше »

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A16z-Backed Protocol Unveils U.S. Dollar Stablecoin Passing Yield from RWA and DeFi

Angle also aims to establish a forex hub offering seamless conversion between its dollar and euro-pegged stablecoins. дальше »

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Bitcoin: What stablecoins' growing flow into exchanges means for you

There was a marked rise in buying pressure in March despite Bitcoin's dip. The Tether Dominance chart showed some volatility could be around the corner. Bitcoin [BTC] rebounded above the $70The post Bitcoin: What stablecoins' growing flow into exchanges means for you appeared first on AMBCrypto. дальше »

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Australian Fintech Stables Launches International Remittances Between Australia and The Philippines

Australian digital wallet provider and payment startup Stables has today announced the launch of international remittances for its thousands of users (focusing on the AU-PH Corridor). From today, Stables users in over 130 countries can send Australian Dollars or Philippine Pesos to over 140 million people across Australia and the Philippines, all powered by stablecoins. дальше »

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WisdomTree secures NYDFS charter for digital asset custody and stablecoin issuance

WisdomTree has been granted a NYDFS charter, allowing fiduciary custody of digital assets and the issuance of DFS-approved stablecoins. дальше »

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Stablecoins Steal The Spotlight: $150 Billion Market Cap, $122 Billion Daily Trades

Stablecoins have recently achieved a significant milestone, surpassing $150 billion in market capitalization, with daily trading volume reaching $122 billion. This achievement marks a notable resurgence and growth in the stablecoin sector, with implications for the broader cryptocurrency ecosystem. дальше »

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Stablecoin market capitalization sets record, surpasses $150b mark

On March 21, the market capitalization of stablecoins reached $150 billion for the first time in 18 months. дальше »

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Bitcoin Climbs Above $63K, Crypto Longs Take On $600M in Liquidations

The broad-based CoinDesk 20, an index of various major tokens minus stablecoins, was little changed over the past 24 hours with losses of just 0.34%. дальше »

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Southeast Asian leading super-app Grab accepts Bitcoin, Ethereum, and stablecoins for payments in Singapore

Grab has teamed up with Triple-A to enable users to pay everyday transactions with BTC, ETH, XSGD, USDC, and USDT. дальше »

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OKX removes USDT pairs in Europe as new stablecoin regulations loom

Crypto exchange OKX is reportedly delisting Tether (USDT) pairs in the EU and will only support USDC and euro-based pairs, according to a message sent to a customer on March 18. The move comes days after the EU released draft technical standards related to stablecoins, which are set to come into effect from June. дальше »

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Tether (USDT) and Bitcoin Cash (BCH) Holders Turn to Raffle Coin (RAFF) Presale for Portfolio Diversification

As the cryptocurrency market continues to evolve and expand, investors are increasingly seeking opportunities to diversify their portfolios beyond traditional assets like Bitcoin Cash (BCH) and stablecoins such as Tether (USDT). дальше »

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Fireblocks, Zodia Markets Partner to Improve Cross-Border Payments

The two crypto firms are attempting to improve cross-border payments via stablecoins for large corporations and institutions. дальше »

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EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA

The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies. дальше »

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ISIS leveraging stablecoins for funding operations in Africa

The terrorist group ISIS is leveraging stablecoins such as Tether for fundraising and global financial transactions, including operations in Africa.  дальше »

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Stablecoin Studio on Sui, S3, to Give Sui Developers Compliant Payment Processing Stablecoin Applications

Grand Cayman, Cayman Islands, March 8th, 2024, Chainwire Powered by Pravica, S3 will provide builders on the Sui blockchain with the opportunity to seamlessly launch native stablecoins without the complexities of smart contract development and currency management S3. дальше »

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Crypto Wallet SafePal Ventures Into Banking With New USDC Visa Card

Users can create individually owned and compliant bank accounts and use USDC stablecoins as the default deposit currency. дальше »

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