Tag: Stablecoins
Morgan Stanley: US Could Control Stablecoins Similar to Banks
Regulations from the US government could place stablecoins in a status similar to that of traditional financial institutions, according to a new research report released by Morgan Stanley. According to…
Project to Bring Stablecoins to Bitcoin Network Introduced!
bitcoin, The Taproot Asset Representation Overlay, or Taro for short, will be powered by the new Taproot-using protocol. The protocol that will be powered by the Lightning network will be…
Investors should watch out for these five risks
The “Fearless Girl” in front of the New York Stock Exchange Risk scenarios for the markets. (Photo: Bloomberg) Frankfurt The financial markets are currently exposed to a particularly large number…
A Bill Is Prepared to Restrict the Issuance of Stablecoins in the USA
In the US, Congressman Josh Gottheimer has drafted a new bill for stablecoins, which is still unclear how to regulate it legally. Presented by Democratic Party member Gottheimer Stablecoin Innovation…
Van Eck CEO: “It’s Not Right To Treat Stablecoins Like Banks!”
in the USA recently stablecoin work is progressing rapidly. In this context stablecoins High-level officials and important names of the industry are making statements one after another. About stablecoins USA…
US Treasury Department: “Stablecoins Should Be Regulated Like Banks!”
Nellie Liang, the U.S. Treasury Department Under-Secretary of Domestic Finance, said at the meeting that “tech companies that are not licensed as banks should not launch stablecoins into the market.”…
Fed Doesn’t Think Stablecoins Are Creating the Future of Payments System in New York
Researchers at the New York branch of the US Federal Reserve Bank believe that stablecoins are not the future of the payment system. Fed New Yorkfour researchers of February 7…
NY FED: “Stablecoins Are Not the Future of Payments!”
In an article written by a group of researchers at the New York branch of the US Federal Reserve, stablecoins He claimed that the payments had no future. in the…
Bitcoin, Ethereum & Co: Nobody needs cryptocurrencies
cryptocurrencies (Photo: imago images/Eibner) In an interview a good ten years ago, the conservative US economist Thomas Sowell compared the US Federal Reserve (Fed) to an ulcer. When asked if…
The volume of stablecoins is exploding
Stablecoin Tether Was collateral posted correctly reported? (Photo: mauritius images / Dennis Diatel / Alamy / Alamy Stock Photos) According to an analysis by the US bank JP Morgan, the…
US Banks Teamed Up To Create Stablecoins
U.S. banks formed the “USDF Consortium,” an association of members of the Federal Deposit Insurance Corporation (FDIC), to address consumer protection and regulator concerns regarding non-bank stablecoins. According to the…
How Stablecoins Have Changed in 2021: Dozens of Times Growth
Although stablecoins are not often seen in the news and headlines due to their fixed prices, stablecoins have grown significantly in 2021 due to the increase in the use of…
Venezuelan People Turn To Stablecoins To Hedge From Inflation
Nevin Freeman, CEO of the Ethereum-based stablecoin Reserve(RSV), stated that the Venezuelan people use payment applications a lot for daily transactions. value for 1 US dollar Equivalent Reserve is seen…
US Senate Banking Committee to Discuss Stablecoins Next Week
The US Senate Committee on Banking, Housing, and Urban Affairs will hold a hearing next week on the use cases of stablecoins. “Stablecoins: How Do They Work, How Are They…
Strict Regulations on Stablecoins from Japan!
The Japan Financial Services Agency (FSA) is working on the regulation of stablecoins, following in the footsteps of US regulators. According to local news sources, the FSA plans to impose…
Biden Administration Takes Action for Stablecoins!
The Biden administration released a report Monday asking Congress to create regulations for stablecoins. Stablecoins, cryptocurrencies tied to traditional currencies such as the US dollar, could be widely adopted, and…
G20 Leaders Seek Regulatory Oversight for Global Stablecoins
In the final statement published after the G20 Leaders’ Summit, which took place on October 30-31, it was stated that global stablecoins should be regulated. The 61-item final statement of…
Head of Monetary Authority of Singapore: “Crypto and Stablecoins are Useful for the Financial Industry!”
Tharman Shanmugaratnam, Head of the Monetary Authority of Singapore, spoke positively about cryptocurrencies and stablecoins. He said that such values are not only tradable assets, but also have an important…
New Move from Tether (USDT) as US Prepares to Regulate Stablecoins!
Tether, the largest stablecoin, has made a new move while it has been on the agenda about whether its reserves are backed by real dollars. Stating that it always adheres…
SEC Chairman Talks About Bitcoin! Its Target Was Stablecoins and Exchanges!
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, spoke about cryptocurrencies at a conference at Georgetown University Law School today. Gensler stated that stablecoins Tether and USDC are…