Stablecoin

Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions

Brazil, Stablecoin, tether /

Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions 29/10/2023 at 22:02 By Cointelegraph By Ana Paula Pereira USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023. This article is an excerpt from Cointelegraph.com News View […]

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Stablecoin market escaping US regulatory oversight: Chainalysis

dollar, North America, Stablecoin, United States /

Stablecoin market escaping US regulatory oversight: Chainalysis 24/10/2023 at 12:02 By Cointelegraph By Helen Partz Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Binance.US asks users to convert USD into stablecoins for withdrawals

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Binance.US asks users to convert USD into stablecoins for withdrawals 17/10/2023 at 18:03 By Cointelegraph By Helen Partz Binance.US users “may convert” their U.S. dollar holdings to stablecoins or other digital assets to withdraw the funds from their accounts, the firm said. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Canada central bank assesses innovations and challenges of DeFi

Bank of Canada, Canada, Stablecoin /

Canada central bank assesses innovations and challenges of DeFi 17/10/2023 at 13:02 By Cointelegraph By Prashant Jha The staff note suggested that, although the DeFi ecosystem brings a ton of innovations in the financial sector, the regulatory challenges and vulnerability limit its potential use in traditional finance. This article is an excerpt from Cointelegraph.com News

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TrueCoin’s third-party vendor breach potentially leaks TUSD user data

data, KYC, Stablecoin, trading /

TrueCoin’s third-party vendor breach potentially leaks TUSD user data 17/10/2023 at 11:02 By Cointelegraph By Arijit Sarkar TrueCoin’s internal systems were not impacted or accessed, and the company confirmed that the attack was an isolated incident and limited to a third-party vendor. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Tether freezes $873K USDT linked to terrorist activity in Ukraine, Israel

Israel, Stablecoin, tether, Ukraine, usdt /

Tether freezes $873K USDT linked to terrorist activity in Ukraine, Israel 16/10/2023 at 17:02 By Cointelegraph By Gareth Jenkinson The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Tether stablecoin firm appoints CTO Paolo Ardoino as CEO

dollar, Fiat Money, Stablecoin, tether /

Tether stablecoin firm appoints CTO Paolo Ardoino as CEO 13/10/2023 at 16:02 By Cointelegraph By Helen Partz The change in leadership at Tether reflects its commitment to actively exploring new business operations, the company said. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Japanese yen-backed digital currency, DCJPY, to go live in July 2024

Bank of Japan, Japan, Stablecoin /

Japanese yen-backed digital currency, DCJPY, to go live in July 2024 12/10/2023 at 12:02 By Cointelegraph By David Attlee Digital currency and electronic payments business DeCurret Holdings intends to launch the coin in July 2024. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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USDR stablecoin depegs to $0.53, but team vows to provide solutions

depeg, housing, Real Estate, Stablecoin, tokenization, usdr /

USDR stablecoin depegs to $0.53, but team vows to provide solutions 12/10/2023 at 03:02 By Cointelegraph By Tom Blackstone Real-estate-backed stablecoin USDR fell to $0.53 per coin on Oct. 11, but the team said it was merely a liquidity issue and that real estate holdings and digital assets will be used to support redemptions. This

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Retail stablecoin trading in Hong Kong not allowed yet, official says

Bitcoin, Government, Hong Kong, regulation, Stablecoin /

Retail stablecoin trading in Hong Kong not allowed yet, official says 06/10/2023 at 14:03 By Cointelegraph By Helen Partz Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024. This article is an excerpt from Cointelegraph.com News View Original Source

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Dirham stablecoin DRAM hits Uniswap, developed by relaunched Distributed Technologies Research

Dirham, Distributed Technologies Research, DRAM., Stablecoin, UAE /

Dirham stablecoin DRAM hits Uniswap, developed by relaunched Distributed Technologies Research 03/10/2023 at 16:02 By Cointelegraph By Gareth Jenkinson Distributed Technologies Research has launched DRAM, a Dirham-backed stablecoin that aims to tap into the performance of the United Arab Emirates fiat currency. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Tether treasury receives two $50M USDT lump sums from Bitfinex

Bitfinex, Cryptocurrency Exchange, Stablecoin, tether /

Tether treasury receives two $50M USDT lump sums from Bitfinex 02/10/2023 at 18:02 By Cointelegraph By Savannah Fortis Two transactions showed lump sums of $50 million in USDT transferred from Bitfinex to the Tether treasury only a few minutes apart. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Paradigm accuses SEC of bypassing rules in Binance lawsuit

Binance, Cryptocurrencies, Cryptocurrency Exchange, law, SEC, Stablecoin, Tokens /

Paradigm accuses SEC of bypassing rules in Binance lawsuit 30/09/2023 at 10:02 By Cointelegraph By Amaka Nwaokocha Paradigm claimed the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’

federal reserve, Stablecoin, United States /

US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’ 26/09/2023 at 21:04 By Cointelegraph By Tristan Greene The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Stablecoin exodus: Why are investors fleeing crypto’s safe haven?

Cryptocurrency Exchange, Investments, Payments, Stablecoin, trading /

Stablecoin exodus: Why are investors fleeing crypto’s safe haven? 22/09/2023 at 17:02 By Cointelegraph By Francisco Rodrigues Stablecoins have seen a 17-month decline as investors move to traditional assets. What needs to happen for the exodus to stop? This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Binance plans to delist stablecoins in Europe citing MiCA compliance

Binance, Europe, European Union, MiCA, Stablecoin /

Binance plans to delist stablecoins in Europe citing MiCA compliance 21/09/2023 at 17:02 By Cointelegraph By Savannah Fortis A Binance executive said the cryptocurrency exchange plans to delist stablecoin in the European market by June 2024 in order to comply with standards laid out by MiCA. This article is an excerpt from Cointelegraph.com News View

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Tether 2023 stablecoin loans rise despite size-down announcement in 2022

Cryptocurrencies, Stablecoin, tether /

Tether 2023 stablecoin loans rise despite size-down announcement in 2022 21/09/2023 at 13:02 By Cointelegraph By Prashant Jha Tether said the new loans were made on request of some of their long-standing partners and they plan to cut it down to zero by 2024. This article is an excerpt from Cointelegraph.com News View Original Source

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PayPal rolls out PYUSD stablecoin to Venmo users

Business, dollar, Payments, PayPal, Stablecoin /

PayPal rolls out PYUSD stablecoin to Venmo users 20/09/2023 at 22:03 By Cointelegraph By Turner Wright The payments platform said PayPal USD will be “rolling out fully in the coming weeks” after announcing its launch on Venmo. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Circle launches USDC stablecoin on Polkadot Asset Hub

Circle, Polkadot, Stablecoin, USD Coin /

Circle launches USDC stablecoin on Polkadot Asset Hub 19/09/2023 at 18:02 By Cointelegraph By Helen Partz Polkadot USDC users should not deposit XCM-transferred USDC from non-Polkadot Asset Hub parachains, Circle has warned. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Opera browser debuts stablecoin wallet MiniPay in Africa

Africa, Opera, Stablecoin, Wallet /

Opera browser debuts stablecoin wallet MiniPay in Africa 13/09/2023 at 14:02 By Cointelegraph By Savannah Fortis Opera’s new in-browser, non-custodial wallet runs on the Celo blockchain and targets the platform’s user base in Africa for P2P stablecoin transactions. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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