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 […]
The retiring chair of the U.S. House Financial Services Committee is optimistic about digital asset legislation now before Congress.
Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crack down on illicit crypto financing.
Total PayPal USD in circulation amounted to $188.5 million in March, or 39% less than in February 2024.
Sony Bank says it is experimenting with the possibility of issuing its own yen-backed stablecoin as a form of payment for businesses that use intellectual property (IP) owned by the Sony Group.
Ripple is set to launch a dollar-pegged stablecoin on XRP Ledger and Ethereum, enhancing liquidity for cross-border payments and DeFi.
Ripple expects the stablecoin market to surpass $2 trillion by 2028 and aims to compete with Circle’s USDC and Tether USDT.
The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents." according to the company.
On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks. Whales Have Been Gobbling Up Stablecoin Supply Recently According to data from the on-chain analytics firm Santiment, whales have been rapidly accumulating the stablecoin supply recently. Whales here refer to investors holding […]
In a move highlighting the growing interest in the stablecoin market, Nick Van Eck, son of investment management veteran Jan Van Eck, is making a significant bet on cryptocurrencies through the family business. Agora, a startup co-founded by spot Bitcoin exchange-traded fund (ETF) manager firm VanEck, along with crypto veterans Drake Evans and Joe McGrady, […]
The independent audit represents the highest level of security compliance an organization can demonstrate.
Angle also aims to establish a forex hub offering seamless conversion between its dollar and euro-pegged stablecoins.
The two crypto firms are attempting to improve cross-border payments via stablecoins for large corporations and institutions.
This regulatory framework for stablecoins results from a joint collaboration between the European Banking Authority and the European Securities and Markets Authority.
Binance will delist the COMP/TUSD, EDU/TUSD and PENDLE/TUSD trading pairs on March 15 at 03:00 UTC.
Tether's USDT joins the Celo network to boost financial inclusion with low-cost, mobile-first blockchain solutions.
Pro-Bitcoin Senator Cynthia Lummis is drafting regulations for stablecoins after attacking major stablecoin firm Tether in 2023.
The co-founder of bankrupt Terraform Labs was first set to be extradited to the United States after lengthy court battles.
USDT, a stablecoin issued by Tether, hit the $100 billion market value for the first time in its history, according to CoinGecko data, as the rally on crypto markets expanded.
South Africa’s 2024 budget review highlighted the need for structural reforms and a focus on improving public financial management.
Ethena Labs believes that financial instruments tied to the U.S. dollar offer a new frontier for markets outside the United States.
Ethena said an inaccurate news announcement was circulating.
Meanwhile, Terraform co-founder and CEO Do Kwon is coming to the United States for trial on charges advanced by the SEC.
Discover the ease and security of utilizing stablecoins in your daily transactions, revolutionizing the way you handle digital payments with stability and convenience.
The hookup between Celo and Circle will benefit both sides as Celo continues to advance real-world use cases and Circle expands its reach.
In the latest Cointelegraph Report, we uncover the five main crypto trends people should be following in 2024.
The Financial Stability Board (FSB) also plans to complete work on the financial stability implications of tokenization in 2024.
The Bank for International Settlements 2024 program features six new projects exploring the issues of cybersecurity, fighting financial crime, CBDCs and green finance.
U.S. monetary policy, combined with the use of economic sanctions, have forced some countries to look for alternatives to the dollar, while growth of stablecoins may have emphasized the need of the fiat currency, the bank said.
Institutions may be tempted by DeFi products should the Federal Reserve take the wind out of traditional financial product yields this year.