How stablecoins have fueled the recent rise in Bitcoin’s value

Quick Take The Stablecoin Supply Ratio (SSR) created by Glassnode has emerged as a significant factor in analyzing Bitcoin price action. The SSR, a ratio between Bitcoin supply and the supply of stablecoins expressed in BTC, serves as a proxy for the supply/demand dynamics between Bitcoin and USD. дальше »

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BIS issues recommendations for global stablecoin regulation

The Bank for International Settlements has issued a set of recommendations aimed at regulating global stablecoins. дальше »

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Hong Kong to allow stablecoin issuance testing in sandbox

The Hong Kong Monetary Authority (HKMA) will allow institutions to test the issuance of stablecoins. According to a release published by the Hong Kong Free Press on Feb. 28, the HKMA will launch a so-called sandbox. Financial Secretary Paul Chan… дальше »

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Terra Classic price prediction: will LUNA Classic reach $1?

Read our Terra Classic price prediction to explore the coin’s price journey so far and consider where it could go in the future. Terra is a blockchain protocol that utilizes fiat-pegged stablecoins to facilitate global payment networks. It began production… дальше »

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South Africa plans to use stablecoins and blockchain as a way to promote equality

South African authorities have revealed the treasury’s plan to promote the adoption of digital payments for marginalized groups. According to a treasury document published on Feb. 21, South Africa is considering stablecoins and blockchain as a way to improve the… дальше »

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Hong Kong Doubles Down on Stablecoin, OTC Rules Promise

Public consultations on stablecoins and over-the-counter trading are already in progress. дальше »

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Crypto Regulations On The Horizon: UK Prepares To Release New Laws In 6 Months

In a recent development, the United Kingdom (UK) government plans to implement new crypto regulations for stablecoins and staking services within the next six months, according to a Bloomberg report. дальше »

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UK Is Pushing Hard To Have Stablecoin And Staking Rules Ready Within Next Six Months: Report

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DeFi Platform Earning Yield by Shorting Ether Attracts $300M

Ethena offers a 27% annualized reward to holders of its USDe stablecoins, a yield mostly generated by shorting ether futures. дальше »

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UK authorities set deadline to introduce laws on stablecoins and staking

The UK authorities may introduce laws on staking and stablecoins within six months. In a Bloomberg article from Feb. 20, officials in the UK appear hellbent on introducing laws to regulate stablecoins and staking. According to Economic Secretary to the… дальше »

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UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg

UK Economic Secretary to the Treasury Bim Afolami has said the UK government was "pushing very hard" to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report. дальше »

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Dai (DAI) investors buy Pushd (PUSHD) early to see summer profits while Bitcoin (BTC) hits $52k

Some crypto projects are not as volatile as other projects on the blockchain, they are called stablecoins, Dai (DAI) is one of such coins. Dai (DAI) is linked to the US dollar by 1:1. Investors use stable coins like Dai (DAI) to escape the level of uncertainty that comes with regular coins. дальше »

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FTX, Alameda allegedly schemed to cash in on Tether: lawsuit

FTX's legal drama continues with a new lawsuit, alleging how the firm secretly created and sold Tether stablecoins as part of a profit-making scam. дальше »

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Ripple’s XRP Could Be The Key To Gold-Backed Stablecoins Amid Potential Adoption By Global Banks

There has been speculation that XRP could be backed by gold amid talks that XRP could be accepted by global banks and other financial institutions for international settlements and would be backed by gold for its fair value. дальше »

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Crypto Market Witnesses Influx Of Stablecoins Amidst Bullish Trend

Amidst the ongoing bullish season in the cryptocurrency market, there has been a surge in inflows, particularly with stablecoins flowing into exchanges, as per recent reports. According to insights from Lookonchain, a significant whale has re-entered the crypto market, initiating substantial fund injections.  Over the past 26 hours alone, this […] дальше »

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DeeStream debut secures Tron and Dogecoin holders as presale sells out fast

Investors holding Tron and Dogecoin are showing interest in DeeStream as it enters the market with a quick sell-out during its presale. Tron’s (TRX) notable upswing is driven by strong stablecoins and advancements in JustLend. Meanwhile, Dogecoin (DOGE) grapples with… дальше »

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Surge in stablecoin supply ratio signals increased Bitcoin buying power

Quick Take The Stablecoin Supply Ratio (SSR), a key metric that quantifies the supply forces between Bitcoin and various stablecoins, has been signaling increased “buying power” for Bitcoin in the past ten days. дальше »

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Y Combinator lists stablecoins as perspective startup for funding

Startup accelerator Y Combinator has included stablecoins as a separate category for funding requests. According to a “Requests for Startups” page, Y Combinator (YC) included stablecoins in its “requests for funding” page, signaling the growing interest in stablecoins in the… дальше »

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U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan

USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said. дальше »

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U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength

Crypto critics often warn of digital currencies' potential to destabilize the U. S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins' dependence on the dollar could actually strengthen the U. дальше »

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Jerome Powell urges for stablecoin regulatory framework

Federal Reserve Chairman Jerome Powell addressed House Democrats regarding the necessity of a legislative framework for stablecoins. дальше »

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New Zealand’s Central Bank chief casts doubt on stablecoin stability

Adrian Orr, the governor of the Central Bank of New Zealand, has criticized stablecoins, stating they cannot replace traditional currency and “are not stable. ” During a parliamentary finance committee meeting on Feb. дальше »

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New Zealand central bank governor issues alert on the stability of stablecoins

The governor of New Zealand’s central bank, Adrian Orr, has issued an alert on stablecoins saying they are unstable and cannot be a substitute to fiat currency. While speaking at a parliamentary finance committee on February 12, Orr said the stability of stablecoins relied on the issuer. дальше »

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New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report

The country's Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it. дальше »

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Yellen to Address Congress on Crypto Risks

U.S. Treasury Secretary Janet Yellen is poised to warn Congress about the specific threats that cryptocurrencies and stablecoins pose to the financial stability of the country дальше »

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USDT leads the way as stablecoin inflows cross $400M

Stablecoin inflows hit over $400 million. USDT maintained a dominance in both inflows and outflows. The movements of stablecoins across the crypto industry serve as a valuable indicator for The post USDT leads the way as stablecoin inflows cross $400M appeared first on AMBCrypto. дальше »

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Binance's market share reaches 49%: Was this event a catalyst?

Binance’s market share increased to 49% in January. Stablecoins inflows to Binance rose significantly this month. The world’s largest crypto exchange, Binance [BNB], drastically improvedThe post Binance's market share reaches 49%: Was this event a catalyst? appeared first on AMBCrypto. дальше »

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Stablecoins regain favor, grow 7.8% in 4 months - Why?

Whales cornered more than 50% of the total stablecoin supply. The stablecoin exchange reserve at press time was the highest since May 2020. The stablecoin sector witnessed a significant expaThe post Stablecoins regain favor, grow 7. дальше »

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Morgan Stanley Expects Crypto to Disrupt Global Financial System

Morgan Stanley predicts that cryptocurrencies will disrupt the global financial system by 2024, with Bitcoin, stablecoins, and Central Bank Digital Currencies reshaping monetary policy and economic power dynamics. дальше »

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USDT, USDC on track to record another successful month in January

USDT solidified its position with more than 70% market share. USDC's market cap rose for second consecutive month. Stablecoins continue to be an important barometer of the digital asset markThe post USDT, USDC on track to record another successful month in January appeared first on AMBCrypto. дальше »

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Ethereum Foundation Dumps More ETH

The Ethereum Foundation has continued its pattern of offloading ETH, with a recent transaction involving the exchange of 100 ETH for DAI stablecoins дальше »

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Cardano: Will rising DEX volumes bear fruit for ADA?

Cardano's DEX volumes surged amidst discussions about stablecoins on the network. USDM, a Cardano-based stablecoin, confirmed its launch updates. Cardano [ADA] witnessed a substantial declinThe post Cardano: Will rising DEX volumes bear fruit for ADA? appeared first on AMBCrypto. дальше »

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Binance stablecoin BUSD falls and loses top five spot

Binance stablecoin has dropped from the top five stablecoins globally. дальше »

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Stablecoins Can Help Fix the Current Lending Market

The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners. дальше »

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Tether’s BTC Holdings Surge As Bitcoin NFT Sales Achieve New Heights

Tether, a major player in the crypto space, which is recognized for its fiat-backed stablecoins,  has recently made a significant move involving the leading cryptocurrency, Bitcoin. This is coming as the continued craze around BRC-20 tokens is still very much in play. дальше »

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Arthur Hayes foresees banking giants overtaking Tether’s stablecoin dominance

Arthur Hayes, former CEO of Bitmex and CIO of Maelstrom, predicted that major banks like JPMorgan will overshadow Tether and other stablecoin companies once they are permitted to issue fiat-backed stablecoins. дальше »

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Cross-chain protocol Orbit Chain attacked on New Year's Eve

Orbit Bridge saw losses worth $81.5 million in stablecoins and cryptos. Orbit Chain team announced compensation for users. The New Year's Eve doled tears rather than cheers to the users of tThe post Cross-chain protocol Orbit Chain attacked on New Year's Eve appeared first on AMBCrypto. дальше »

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Solana's SOL Dips Below $100, Slips Back Behind BNB in Crypto Ranking

Traders were moving capital from SOL to stablecoins suggesting profit taking, one analyst said in an interview. дальше »

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Terra Classic (LUNC) community votes on the proposal to burn all USTC tokens

While the Terra Luna ecosystem battles to recover, the LUNC community votes to burn all USTC stablecoins. The decision comes as the project saw renewed interest in the plan to burn over 8 million USTCs from the Risk Harbor Wallet, which lost security keys. дальше »

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Stablecoins extend winning streak in December

The stablecoin market cap was well on track to rise further in December. USDT's market cap stormed past $90 billion in December, setting a new ATH. Stablecoins are the backbone of the digitaThe post Stablecoins extend winning streak in December appeared first on AMBCrypto. дальше »

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Stablecoins yet to recover despite market rebound - Why?

Stablecoin market cap was $129.5 billion at press time, compared to $139 billion in December 2022. Ethereum lost 27% of its stablecoin market cap since the beginning of the bear market. ManyThe post Stablecoins yet to recover despite market rebound - Why? appeared first on AMBCrypto. дальше »

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Why Circle Launched Its Euro Stablecoin on Solana

Circle expands interoperability of its EURC stablecoin in a move that could boost low adoption of euro-based stablecoins. The post Why Circle Launched Its Euro Stablecoin on Solana appeared first on BeInCrypto. дальше »

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Rising stablecoin supply highlights exciting times for crypto markets

Stablecoins are virtual coins with their value tied to real-world assets, including fiat money, precious metals, and other cryptocurrencies. Stablecoin supply refers to the amount of cash poised for investments within the digital tokens market at any given time. дальше »

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Bitcoin will break $80,000 in 2024, Bitwise predicts

From Bitcoin's all-time high to the rise of stablecoins and Ethereum's market volume. дальше »

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Stablecoins are on the up and this is what it means for the market

Transactions worth more than $7 trillion were settled using stablecoins last year Circulating supply of ERC-20 stablecoins saw a noticeable hike lately Slowly but surely, stablecoins are emeThe post Stablecoins are on the up and this is what it means for the market appeared first on AMBCrypto. дальше »

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Whale Deposits $55 Million in Tether (USDT) to Binance, “Likely” To Buy This Altcoin

A large Ethereum whale has been steadily accumulating the cryptocurrency over the past month according to transactions monitored by blockchain analytics firm LookOnChain. Today, the whale deposited 55 million USDT (Tether) onto the popular cryptocurrency exchange Binance, likely with the intent of using those stablecoins to purchase Ethereum. дальше »

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Stablecoin Adoption Rises as Tether (USDT) Market Cap Hits New High – Breaking $90 Billion.

In December 2023, Tether (USDT) hit a new high with a market cap of around $90 billion, securing a dominant 70% share in the stablecoin market. This milestone reflects the growing prominence of Tether and stablecoins in the digital economy. дальше »

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Ethereum’s Mantle LSP Races Towards $100 Million TVL Marker in Less Than a Day

Mantle Liquid Staking Protocol's (LSP) Total Value Locked (TVL) reached nearly $100 million within 24 hours of its launch, offering native yield for Ethereum and stablecoins. The post Ethereum’s Mantle LSP Races Towards $100 Million TVL Marker in Less Than a Day appeared first on BeInCrypto. дальше »

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Coinbase urges U.S. lawmakers to bring clear stablecoin regulation as ‘cash is outdated’

The U.S.-based crypto exchange Coinbase is doubling down on its efforts to bring more regulatory clarity for stablecoins. In a blog post on Monday, Dec. 4, 2023 the San Francisco-headquartered crypto exchange noted younger adults feel the “everyday pain points… дальше »

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Early Ether Investor Moves Nearly $90M ETH to Kraken

Moving to an exchange could suggest the investor is likely to sell the asset for stablecoins or other tokens. дальше »

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