Tag: Stablecoins
Bankruptcy of Silicon Valley Bank throws stablecoins off balance
Chart The bust Silicon Valley Bank has also stirred up the crypto market. (Photo: IMAGO/Silas Stein) Denver The abrupt exit from Silicon Valley Bank also has significant consequences for the…
Bankruptcy of Silicon Valley Bank throws stablecoins off balance
Chart The bust Silicon Valley Bank has also stirred up the crypto market. (Photo: IMAGO/Silas Stein) Denver The abrupt exit from Silicon Valley Bank also has significant consequences for the…
Bankruptcy of Silicon Valley Bank throws stablecoins off balance
Chart The bust Silicon Valley Bank has also stirred up the crypto market. (Photo: IMAGO/Silas Stein) Denver The abrupt exit from Silicon Valley Bank also has significant consequences for the…
Hot Development: This Stablecoin’s Assets Are Left in a Sinking Bank in the USA, Now What?
World’s second largest stablecoin of USDC distributor Circle said in its March 2 reserve report that 26.4% of its assets are stored in banks. Among the banks where assets are…
Crypto Move from Japanese Banks: 3 Separate Stablecoins Will Be Issued
Three Japanese Banks, together with Web3 infrastructure provider GU Technologies, will launch stablecoins compatible with the Ethereum (ETH) blockchain. GU Technologies released a press release on March 2, Tokyo Kiraboshi…
BIS Manager: Stablecoins May Not Replace Fiat Money
Bank for International Settlements (BIS) Agustin Carstens, one of its directors, discussed the issue of whether stablecoins will replace fiat money in the future. Carstens, who plays a role in…
Breaking Minute: SEC Threats Lawsuits for Other US-Based Stablecoins Including USDC After BUSD
The SEC, which recently stopped BUSD issuance by threatening a lawsuit for allegedly selling BUSD issuer Paxos unregistered securities, has made the same warning to other US-based stablecoin companies, including…
Kraken-SEC Incident Affects Stablecoins: Coinbase Burns This Stablecoin!
According to information from blockchain security firm PeckShield, only Coinbase has burned 4.7 billion USDC in the last 24 hours. Coinbase Burned 4.7 Billion USDC in the Last 24 Hours…
License Requirement Coming from Hong Kong to Stablecoins: No Gateway to Algorithmics!
The Hong Kong Monetary Authority (HKMA) reported that algorithmic stablecoins will not be allowed in the country as it prepares to introduce a tightened new regulatory framework for cryptocurrencies and…
Pressure on Stablecoins is Increasing! Another Country Introduced Regulation!
Hong Kong Monetary Authority, terraUSD like algorithmic stablecoins He said it would not be considered under the planned regulatory system. Hong Kong Will Ask For Licenses For Stablecoins Hong Kong…
New System For Cryptocurrencies From The Giant Rating Agency: To Examine 20 Stablecoins
Moody’s, one of the most famous rating agencies in the USA, is working on a scoring system for stablecoins. Bloomberg’s January 26 Sources close to the subject, credit rating giant…
Circle CEO Speaks About the Future of Stablecoins
The second largest stablecoin (USDC) issuer after Tether, Circle CEO Jeremy Allaire is following the World Economic Forum held in Davos, Switzerland, on site. Allire at a conference held in…
New Record of $7.4 Trillion in the Transaction Volume of Stablecoins: Beats MasterCard
The trading volume of stablecoins reached a record $7.4 trillion in 2022. Stablecoins that surpassed Mastercard in this area lagged behind Visa. According to data from blockchain analytics company CoinMetrics,…
Fed Official: Stablecoins Could Be a Shortcut
Antoine Martin, a research officer at the New York branch of the US Federal Reserve, at a conference in London. stablecoins talked about. Authoritative, stablecoins “for central banks to create…
Will the FTX Crisis Leap to Stablecoins? USDD Loses Stability To $1, Statement From Justin Sun!
BinanceWhile it remains unclear whether or not FTX will buy FTX, the search for liquidity continues on the FTX side. It was known that FTX and Alameda were trying to…
Canadian Government Launches A Consultation For Cryptocurrencies: Will Examine Stablecoins and CBDCs
During the mini-budget announcements, the Canadian government announced that it is preparing to launch a consultation on cryptocurrencies, stablecoins and Digital Central Bank Coins (CBDC). Government November 3 In the…
South Korean Authorities Investigate Stablecoins After UST Disaster!
According to a new report from the country’s Financial Services Commission stablecoins It is considered to be quite open to money laundering. South Korean Regulatory Authority Plans To Examine The…
US Bank Regulator FDIC Calls for Restriction on Stablecoins
Martin Gruenberg, Deputy Chairman of the Federal Deposit Insurance Corporation (FDIC), the US bank regulator, has called for restrictions on stablecoins, which he thinks can be a double-edged sword. Gruenberg,…
Financial Stability Board of G20 Countries Warns About Cryptocurrencies: Stablecoins Are Unstable
The Financial Stability Board (FSB), made up of central bankers and financial regulators from the G20 countries, warned that stablecoins are not stable. by the Financial Stability Board October 11…
Central Banks of G20 Countries Are Skeptical About Stablecoins!
Financial Stability Board (FSB) According to a report released today by stablecoin of the world’s 20 largest economies (G20) It does not meet the standards set by central banks for…