US Congresswoman Raises Concerns About Paypal Stablecoin In The Absence Of Regulation

Earlier this week, popular American payment giant Paypal unveiled the launch of its USD-pegged PYUSD stablecoins to investors. In response, Democrat congresswoman Maxine Waters has raised palpable concerns that may or may not threaten the stablecoin’s operations.

162 +

Curve Finance on the cusp of releasing new dollar-pegged stablecoin

Curve Finance a leading decentralized exchange for stablecoins may be on the verge of… The post Curve Finance on the cusp of releasing new dollar-pegged stablecoin appeared first on CoinJournal.

197 +

House’s Stablecoin Bill May Face Fatal Delays for 2022 Progress

One of Congress’ most serious efforts toward stablecoin oversight may have hit an insurmountable snag as negotiations in the House Financial Services Committee drag out further than the calendar is likely to allow.

111 +

The Merge May Negatively Impact DeFi Protocols, Stablecoins: Report

The transition to proof-of-stake could decrease stablecoin values and shrink lending pools, according to a DappRadar report.

283 +

Tether may be in violation of US sanctions on Tornado Cash

Tether, the world’s largest stablecoin by market cap, may be in violation of United States Treasury sanctions on Tornado Cash, according to the Washington Post. The post Tether may be in violation of US sanctions on Tornado Cash appeared first on CryptoSlate.

189 +

Stablecoin issuers hold more US debt than Berkshire Hathaway: Report

Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s Berkshire Hathaway.

96 +

Bears and Bulls May Both Get Surprised as Stablecoin Supply Surges Past $150 Billion

Stablecoin supply surging past $150 billion brings more confusion to crypto market

147 +

US Stablecoin Bill Delayed, but Draft Language May Soon Emerge

A potential bipartisan bill to regulate stablecoins has been bogged down in negotiations, according to three people familiar with the talks, but lawmakers developing the legislation are considering releasing some draft language that may spur wider input.

306 +

Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says

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.

273 +

Shiba Inu Primed For Strong Recovery As Ecosystem Mulls Introducing Stablecoin Before Year-End

Shiba Inu may be gearing up for an earth-shattering comeback following a plan to launch a stablecoin for the ecosystem later this year.

182 +

After Terra’s fall to Earth, get ready for the stablecoin era

Did May’s algorithmic stablecoin crashes kill the concept, or is there still a role for fiat-pegged cryptocurrencies?

73 +

Wallet That Helped Trigger UST Implosion Linked by Analysis Firm to Terra Developer

The popular decentralized stablecoin lost its dollar peg and fell to pennies in May. A South Korean blockchain analysis firm suggests the death spiral was sparked by transactions from a wallet linked to the lead Terra developer – though any motivation or rationale remains a mystery.

535 +

How the UST crash changed the stablecoin landscape

Once the 3rd largest stablecoin, TerraUSD (UST) has shaken the entire stablecoin market after it collapsed on May 9. The post How the UST crash changed the stablecoin landscape appeared first on CryptoSlate.

187 +

Celsius may be market's Achilles heel, but why then did CEL rally by 100%

As the cryptocurrency ecosystem gradually recovers from the impact of the collapse of Do Kwon’s LUNA and his UST stablecoin, the suspension of withdrawals, swaps, and transfers between accounts on CThe post Celsius may be market's Achilles heel, but why then did CEL rally by 100% appeared first on AMBCrypto.

240 +

Tron (TRX) Risks Breaking Down From 826-Day Ascending Support Line

Tron (TRX) has been decreasing since the end of May, but further accelerated its rate of descent last week. It is possible that the decrease is occurring as a result of the de-pegging of USDD, which had been announced as an overcollateralized stablecoin.

261 +

ViaBTC Capital | After UST’s Fall, Can NEAR’s Stablecoin USN Avoid a Similar Death Spiral?

Background In May 2022, UST and LUNA, which once recorded a total market cap of over $40 billion, collapsed overnight, and plenty of users suffered huge losses as a result. Following the crash, algorithmic stablecoins have once again become a popular crypto topic.

173 +

Is USDD headed for the same systemic problems that brought UST down

The world has barely recovered from the UST stablecoin crash and yet another similar threat is already on the horizon. This time in the form of the USDD stablecoin that was launched in May by the TronThe post Is USDD headed for the same systemic problems that brought UST down appeared first on AMBCrypto.

203 +

Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea

Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.

139 +

TRON’s stablecoin USDD employs an overcollateralised mechanism to maintain the USD price peg

After Terra’s algorithmic stablecoin TerraUSD (UST) failed miserably in May, TRON announced a plan to back up its own stablecoin with more capital on Sunday morning. An announcement on Sunday says that USDD, an algorithmically stable coin on the TRON blockchain, will now be overcollateralised.

175 +

US Fed begins quantitative tightening, Japan restricts stablecoin issuance and LUNA 2.0 rides a price roller coaster: Hodler’s Digest, May 29-June 4

76 +

TRON Just Had a Record-setting Month

TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, the collateralized decentralized stablecoin on TRON. USDD made it onto CoinMarketCap’s top 100 only 16 days after its May 5 launch.

167 +

Huobi Global: Providing profit opportunities during a crypto winter

Since the crash of algorithmic stablecoin LUNA in early May, the crypto market has seen over US$45 billion lost in value, shattering the dreams of thousands of investors, some of who invested their liThe post Huobi Global: Providing profit opportunities during a crypto winter appeared first on AMBCrypto.

162 +

Tron accelerates internet decentralization via dApps and blockchain tech

 TRON celebrated the record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, the collateralized decentralized stablecoin on TRON, making it onto CoinMarketCapThe post Tron accelerates internet decentralization via dApps and blockchain tech appeared first on AMBCrypto.

113 +

Chinese state media signals tighter crypto regulations in Terra aftermath

China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.

102 +

Tether Launches Stablecoin Pegged To The Mexican Peso

Tether Operations Limited, creator of the largest stablecoin by market cap Tether (USDT) has launched a stablecoin that is pegged to the Mexican Peso. According to a Thursday, May 26 announcement, the firm stated that its new stablecoin would be known as “Tether tokens” and will be pegged 1:1 to the Mexican Peso. The stablecoin […]

241 +

Here's Ethereum co-founder's take on algorithmic stablecoins

Ethereum's Vitalik Buterin has offered two thought experiments on how to establish whether an algorithmic (algo) stablecoin is feasible in the long term. On 25 May, Buterin remarked that increased exaThe post Here's Ethereum co-founder's take on algorithmic stablecoins appeared first on AMBCrypto.

182 +

Stablecoin Tether launches on Polygon Network

The stablecoin market has been part of the headlines since the second week of May. Post the TerraUSD (UST) massacre; investors felt shaky about the future of stablecoins. Meanwhile, some positive news is coming up from the stablecoin market.

173 +

Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon

The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region.

70 +

Luna Crash Highlights Crypto Market’s Vulnerabilities, Astra Protocol to the Rescue

As if external fundamentals related to geopolitical tensions and worries of economic recession weren’t enough, the crypto industry has been bleeding due to internal factors. Earlier in May, TerraUSD (UST), the largest algorithmic stablecoin by market cap, collapsed and is now trading at only eight cents, even though it was supposed to maintain a 1:1 […]

191 +

fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje.

200 +

Why USD Coin [USDC] may not yet be ready to overtake Tether [USDT]

Tether [USDT] must surely feel USD Coin [USDC] breathing down its neck in terms of market cap ranking as investors look at the wreckage of TerraUSD [UST] and re-assess their stablecoin preferences.

188 +

Tether Cuts 17% Of Its Commercial Paper Holdings Over Q1 2022

As per the official report published on May 18, Tether, the issuer of the world’s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT.

110 +

USDC Increasingly Becoming Preferred Stablecoin Over USDT

Latest data from Glassnode suggests USDC may be becoming the crypto market’s preferred stablecoin over USDT. USDC’s Supply Surged Up Recently, While USDT’s Plunged Down As per the latest weekly report from Glassnode, USDT has observed a large amount of redemptions recently, taking its supply down.

227 +

Tether’s $82.4B reserves exceed market cap of USDT

The world’s biggest stablecoin has just released its quarterly transparency report a day before the deadline of May 20. The post Tether’s $82.4B reserves exceed market cap of USDT appeared first on CryptoSlate.

158 +

Terraform's Legal Team Quits Amid Terra Stablecoin Fallout

Marc Goldich, Lawrence Florio and Noah Axler left the Terra ecosystem backer in May according to their LinkedIns.

167 +

Top DeFi tokens not to miss on May 17

Beefy. Finance BIFI/USD, Maker MKR/USD, and Liquity LQTY/USD are tokens with huge potential for growth. Beefy Finance added vaults and stablecoin liquidity pools. Specifically, it introduced a quad-stablecoin liquidity pool composed of USDD/BUSD/USDT/USDC, integration with the Oasis Network, and 12 new vaults.

213 +

Стейблкоин DEI потерял привязку к доллару

Вечером 15 мая алгоритмический стейблкоин DEI проекта Deus Finance DAO утратил привязку к доллару США. #PeckShieldAlert Stablecoin $DEI tanks to $0. 77. https://t. co/mzfVnN06Wi pic. twitter. com/BaqmDF16KM — PeckShieldAlert (@PeckShieldAlert) May 16, 2022 Цена «стабильной монеты» достигала $0,51.

81 +

U.K. Treasury Confirms Stablecoin Legislation Part of Upcoming Bill

Her Majestys Treasury has confirmed plans to legalize stablecoins as a form of payment in a new Financial Services and Markets Bill announced on May 10. U.K to Regulate Stablecoins...

142 +

U.K. Treasury to Push Forward With Stablecoin Regulation

Her Majesty’s Treasury (Exchequer) will push forward with a plan to regulate stablecoins based on financial regulation outlined in the Queen’s speech on May 10, 2022. The post U.K. Treasury to Push Forward With Stablecoin Regulation appeared first on BeInCrypto.

175 +

This Week In DeFi – May 13

To the DeFi community, This week, TerraUSD took center stage for unfortunate reasons, as the third-largest stablecoin lost its peg […] The post This Week In DeFi – May 13 appeared first on DeFi Rate.

183 +

Terra Co-Founder Reveals a Recovery Plan as LUNA Price Free Falls

Do Kwon unveiled a much-awaited recovery Terra LUNA and UST stablecoin recovery plan in an elaborate Twitter thread on May 11. The post Terra Co-Founder Reveals a Recovery Plan as LUNA Price Free Falls appeared first on BeInCrypto.

210 +

Regulators Should Pay Attention to UST

Over the weekend, algorithmic stablecoin TerraUSD (UST) broke its peg. It broke it again on Monday, and has yet to recover. Regulators may have to take a closer look at this particular model of stablecoin.

70 +

LUNA, Cardano, and Avalanche Price Analysis: 11 May

LUNA has fallen around 84% within 72 hours following the ruckus around the stablecoin UST. UST de-pegged from the dollar and fell below $1, as low as $0.65 before recovering to $0.94 and dropping towaThe post LUNA, Cardano, and Avalanche Price Analysis: 11 May appeared first on AMBCrypto.

267 +

Cardano Founder on UST Collapse: Markets Are Defined Best Under Stress

Terra's algorithmic stablecoin, UST, suffered a free fall to lows of $0.61 on May 10 after losing its peg

69 +

UST Stablecoin Veers Wildly From Dollar Peg. Here's the Latest

By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021.

245 +

Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg

Luna Foundation Guard (LFG) said on May 9 that it will lend out $1. 5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the United States dollar. The post Terra’s LFG to lend OTC traders $1.

172 +

New data regarding stablecoin activity says this about the market sentiment

The crypto market is facing a testing start to May. With the Feds announcement, the market has faced two major dips already with the latest being a 3.7% dip. Amidst this, there has been yet another stThe post New data regarding stablecoin activity says this about the market sentiment appeared first on AMBCrypto.

180 +

Terra Ecosystem Faces Pressure as Stablecoin Depegs

Terras UST experienced a similar depeg event during a market-wide meltdown in May 2021. More Problems for UST Its been an eventful weekend for the Terra ecosystem. The Layer 1...

72 +

The United States turns its attention to stablecoin regulation

The U.S. continues to be a global leader in regulating and embracing the cryptocurrency industry, but the Stablecoin TRUST Act may set up some barriers for newcomers.

167 +