Stablecoin

According to Wu Jiezhuang, a member of the e Hong Kong Legislative Council, developing the nation’s digital Hong Kong dollar into a stable currency could offer a slew of benefits...

Justin Sun, the founder of the Tron blockchain and the Houbi crypto exchange advisor, recently cashed out $198 million in crypto via a stablecoin issuer, Circle. Twitter crypto tracker, Lookonchain,...

Reportedly, the Financial Services Agency (FSA) of Japan announced that the ban on the domestic distribution of Stablecoins issued overseas would be effectively lifted in 2023. Significantly, Japan’s efforts in...

According to the data obtained from CoinMetrics, the leading crypto financial intelligence platform, stablecoins achieved a new record total settlement volume this year. Comparatively, the record volume is higher than...

The Tron network (TRX) is launching the equivalent of a central bank digital currency (CBDC) on the blockchain with the Chinese currency, TrueCNH (TCNH). Justin Sun, the Huobi Global crypto...

The on-chain analysis firm, Santiment, took to Twitter earlier this morning to share their mid-month report. One of the points highlighted in the report is the fact that Bitcoin (BTC),...

Early today, Coinbase CEO Brian Armstrong suggested regulation ideas for the crypto industry in his latest blog. He outlined his plans to bring in the regulation of centralized actions and...

According to blockchain analytics company CryptoQuant, the number of currency addresses depositing Stablecoins on derivative exchanges has reached a record high (ATH). This increase happened despite the consumer price index’s...

The global crypto market cap is down 1.08% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. At press time, the figure stands at $861.01 billion....

CoinGecko categorizes the top stablecoins in terms of their market capitalization. As per the recent data from the platform, Tether (USDT) is at the top with a market cap of...

A report on Stablecoins examining their most recent advancements were made public on the RBA’s website. The authors used the demise of Terra as an example of the fragility of...

Economist Schiff expects the value of two stablecoins to surpass the total token market cap. 14% represented by the two largest stablecoins on the total market cap is equal to...

Santiment indicates that stablecoins have increased withdrawals from exchanges. The FTX drama played a big role in these withdrawals. This high number of withdrawals have a negative impact on the...

Crypto community thinks USDD is unsafe, given some unusual activities. A crypto enthusiast alleged that $548 million in the USDD’s reserve disappeared. The stablecoin trades at $0.9863 instead of the...

MAS proposed measures to reduce risks to consumers from crypto trading. The regulators also focus on enhancing stablecoin-related activities. The proposed measure will focus on consumer access, business conduct, and...

FTX’s Bankman-Fried said Binance’s auto conversion of USDC to BUSD sparks a stablecoin war. In 2018, stablecoins battled for dominance, with USDC and USDT edging out TUSD, GUSD, and USDP....

Silvergate’s shares dropped by over 20% due to missed earnings and delays in stablecoin projects. Digital asset customers grew, but their average deposits fell, according to Silvergate. CEO Lane expressed...

MakerDAO saw its revenue fall in 2022 Q3 as loans declined with few liquidations. The income fell by over $4 million, representing 86% from the previous quarter.  Its ETH-based and...

FSB proposes the centralization of stablecoin and liquidation of powerful crypto platforms. Significant price drops in Bitcoin and other altcoins contribute to unstable stablecoins. FSB is concerned about liquidity mismatches,...

MiCA bill removes restrictions on non-EUR stablecoins. The regulator’s legislation plans to regulate businesses that deal in crypto. Changpeng Zhao commends the bill. Recent news articles state that the latest...

The US legislation could place a two-year ban on the algorithmic stablecoin. Bloomberg had obtained a copy of the drafted bill. Committee members have been working to reach an agreement....

Alexander Lebedev plans on introducing a stable coin backed by the Ruble. ‘InDeFi has nothing to do with the Russian ruble,’ says Mendeleev, InDeFi CEO. Just like any other DeFi...

BUSD’s receiving addresses (7d MA) reached a 3-month high of 64.173. The stablecoin is one of the few cryptos in green lane today. Existing balances and new deposits of USDC,...

FASB’s crypto accounting review excludes NFTs and certain stablecoins. This move is because they (NFTs and stablecoins) don’t conform to some of FASB’s requirements. Businesses possessing crypto will need to...

Japan’s FSA is proposing tax breaks for crypto investors. Crypto profits, including unrealized gains, are taxed at roughly 30% currently. Japan established a legal framework for stablecoins. In favor of...