Top Ethereum (ETH) Developers Blast New European Stablecoin Launched on ETH
Two Ethereum (ETH) developers are sounding off on a new European stablecoin that recently launched on the top smart contract platform.
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YUSD Stablecoin
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U.S. Congress to Address Stablecoin Legislation and SEC Oversight
The U.S. House Committee on Financial Services will hold a hearing on Tuesday with the Securities and Exchange Commission (SEC)
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French banking regulator suggests EU regulation of DeFi websites, MakerDAO DAI stablecoins
French banking regulator ACPR suggests how to regulate DeFi, including treating smart contracts as products to be certified.
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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…
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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…
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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…
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Introduction of DeFi project and stablecoin by founder of struggling crypto asset unicorn Babel
Flex Yang, the former CEO and creator of Babel Finance, is leading attempts to rebuild the already troubled unicorn cryptocurrency asset in the hopes of.
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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…
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Circle’s CEO reassured his investors: 100% of the USDC stablecoin’s reserves are safe
Circle, the prominent cryptocurrency company, and its CEO recently made a statement that gave the community much-needed certainty: all USDC stablecoin reserves are safe.According to the data, Circle has a reserve deposit of USD3.3 billion in SVB and the CEO, Jeremy Allaire, despite this, confirmed…
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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…
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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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Fed's Michael Barr Calls for Stablecoin Regulation in Crypto Oversight
The central bank will release more guidance to banks and enhance supervision, says the vice chair.
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