Stablecoin

Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation

CBDC, federal reserve, legislation, Stablecoin /

Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation 08/09/2023 at 23:02 By Cointelegraph By Derek Andersen Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event. This article is an excerpt from Cointelegraph.com News View Original Source React to this […]

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Palau to freeze USD-backed stablecoin after pilot launch in July

dollar, Ripple, Stablecoin, XRP /

Palau to freeze USD-backed stablecoin after pilot launch in July 07/09/2023 at 13:04 By Cointelegraph By Helen Partz Palau’s USD-backed stablecoin build on XRP Ledger will be frozen on Sept. 15 as the government will be collecting feedback from users to shape the way ahead. This article is an excerpt from Cointelegraph.com News View Original

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Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity

Bitcoin Price, Cryptocurrencies, ETF, markets, SEC, Stablecoin /

Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity 07/09/2023 at 00:03 By Cointelegraph By Ray Salmond Bitcoin’s current price action leaves much to be desired, but multiple indicators point to what could be a generational buying opportunity for patient investors. This article is an excerpt from Cointelegraph.com News View Original Source React

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Australian lawmakers send back crypto bill by Andrew Bragg

Australia, Government, law, Stablecoin /

Australian lawmakers send back crypto bill by Andrew Bragg 04/09/2023 at 17:02 By Cointelegraph By Helen Partz Introduced in March 2023, Australia’s bill on digital asset market regulation has faced a series of report delays by the Senate, and it’s now been sent back for amendments. This article is an excerpt from Cointelegraph.com News View

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Binance pushes new stablecoin as it confirms plan to cease BUSD support

Binance, binance usd, busd, issue, paxos, SEC, Stablecoin, support., usd /

Binance pushes new stablecoin as it confirms plan to cease BUSD support 31/08/2023 at 12:04 By Cointelegraph By Jesse Coghlan Paxos has earlier said it will halt support of Binance’s stablecoin by February 2024, now the exchange has said it will also stop support by that time. This article is an excerpt from Cointelegraph.com News

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USDC will launch natively on Base network ‘next week’ — Jeremy Allaire

base, bridge, Circle, Stablecoin, usdc /

USDC will launch natively on Base network ‘next week’ — Jeremy Allaire 29/08/2023 at 23:02 By Cointelegraph By Tom Blackstone Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version. This article is an excerpt from Cointelegraph.com News View Original Source React

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PayPal’s PYUSD struggles with early adoption — Nansen

PayPal, PayPal USD, Stablecoin /

PayPal’s PYUSD struggles with early adoption — Nansen 25/08/2023 at 20:33 By Cointelegraph By Ana Paula Pereira PayPal’s stablecoin debut raised hopes for broader adoption and an introduction of cryptocurrencies to the masses. Early adoption trends paint a different picture. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Tether maintains $3.3B in liquidity cushion: USDT transparency report

Digital Dollar, dollar, Stablecoin, tether /

Tether maintains $3.3B in liquidity cushion: USDT transparency report 25/08/2023 at 11:36 By Cointelegraph By Arijit Sarkar The total assets under Tether stand at $86.1 billion with total liabilities amounting to $82.8 billion — thus confirming a reserve backing of over 100%. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Num Finance launches Colombian peso stablecoin on Polygon

Argentina, Colombia, Latin America, Peru, Polygon, Stablecoin /

Num Finance launches Colombian peso stablecoin on Polygon 25/08/2023 at 01:47 By Cointelegraph By Derek Andersen Num Finance received $1.5 million in a pre-seed funding round in May and is now issuing stablecoins in the local currencies of Argentina, Peru and Colombia. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Prime Trust parent company lost $8M investing in TerraUSD

bankruptcy, Business, Investments, Stablecoin, terra /

Prime Trust parent company lost $8M investing in TerraUSD 24/08/2023 at 23:34 By Cointelegraph By Turner Wright Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million treasury funds through investments in the algorithmic stablecoin. This article is an excerpt from Cointelegraph.com News View Original Source

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Nigerian crypto exchange’s token launch draws scrutiny

Cryptocurrencies, Cryptocurrency Exchange, Nigeria, Stablecoin, Tokens /

Nigerian crypto exchange’s token launch draws scrutiny 24/08/2023 at 13:47 By Cointelegraph By Amaka Nwaokocha This development follows the company’s previous disclosure of a security breach resulting in fund losses in May 2023. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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