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Latin America’s Largest Investment Bank Launches Dollar-Pegged Stablecoin

The largest investment bank in Latin America, TG Pactual, has launched its first stablecoin. However, the move comes as an increasing number of countries ramp up efforts to distance themselves from the dollar.On April 4, BTG Pactual announced the launch of BTG Dol. The investment institution claims…

Stablecoin issuer Tether accessed US banking system using Signature: Report

Tether, the firm behind the largest stablecoin by market capitalization, reportedly allowed its clients to send funds through Signature Bank’s payments platform — granting the firm access to United States banks.According to an April 4 Bloomberg report, Tether had a pathway to the U.S. banking syste…

Blockchain and regulated stablecoins to be widely used by 2030, industry execs say

Regulated stablecoins are in the spotlight of policymakers as a panel of professionals in the digital regulatory space discusses the future use of the assets at the World of Web3 (WOW) Summit in Hong Kong. In the panel titled “Digital Assets: Policies & the Road Ahead,” the group discussed how regu…

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

The United States Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin which contributed to a $40 billion wipe out in the Terra ecosystem last May.Two agencies within the department — the Federal Bureau of Investigation (FBI) and Southern District of…

How and why do stablecoins depeg?

Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket of assets, typically a fiat currency such as the U.S. dollar, euro or Japanese yen.Stablecoins are designed to offer a “stable” store of value and medium of exchange compared with more…

Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs

Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on stablecoins after the USD Coin BITSTAMP:USDCUSD depegged on March 11. According to the Aave's governance forum, the trading freeze follows an analysis from DeFi's…

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