Stablecoins

When cryptocurrencies first started gaining the attention of mainstream investors in early 2017, a number of crypto pundits were quick to claim that they could act as an effective hedge against inflation. Citing the limited token supply of cryptocurrencies like Bitcoin (CRYPTO: BTC) as the chief...

The Japanese government is reviewing significant cryptocurrency regulations related to the use of stablecoins like Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC), according to a report. Japan's Financial Services Agency will end its ban on the domestic circulation of foreign-issued...

Sen. Pat Toomey (R-Pa.), has introduced a bill that outlines a federal framework for regulating stablecoins — just two weeks before he is set to retire. What Happened: Aiming to "guide Congress" toward future crypto regulation, Toomey said his bill would create a new federal...

Coinbase Global (NASDAQ: COIN) CEO Brian Armstrong on Monday outlined an actionable framework for achieving regulatory clarity in the cryptocurrency space. What Happened: In a blog post, Armstrong argued that regulation should start with centralized actors (stablecoin issuers,...

The U.K. government is set to announce new regulations governing the marketing and selling of Bitcoin (CRYPTO: BTC) and other crypto assets. This would allow regulators to have an increased authority to oversee the industry, including a crackdown on promotions for digital currencies by companies...

Vitalik Buterin has identified some events that are taking place in the Ethereum (CRYPTO: ETH) ecosystem that he finds especially stimulating. What Happened: According to Buterin, stablecoins are an essential component for utilizing cryptocurrency to function as a medium of money. “In either...

Popular stablecoins are moving off exchanges, as the cryptocurrency industry continues to roil following the FTX (CRYPTO: FTT) collapse. What Happened: Over $23 billion in stablecoins have exited cryptocurrency exchanges, since March 2022, according to Santiment Insights.  The market cap...

Cryptocurrency whales holding stablecoins Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) have significantly increased their buying power, hinting at major incoming volatility in the crypto space.  What Happened: According to Santiment Research, on-chain data shows that there has been huge...

Stablecoins pose massive risks to financial stability, and remain vulnerable to liquidity risks, according to a November Financial Stability report published by the U.S. Federal Reserve. What Happened: According to a survey by the Federal Reserve, over 20% of respondents believe that...

In a time of record inflation in the U.S., the idea of "flat" has its appeal. According to Web3 luminaries Balaji Srinivasan, Coinbase Global Inc (NASDAQ: COIN) CEO Brian Armstrong and Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin, the flatcoin might just be the...

Stablecoin issuer Tether announced that local crypto services provider SmartPay will launch USDT tokens in over 24,000 ATMs across Brazil starting Nov. 3. Brazil still has 34 million unbanked individuals, or those who do not have a bank account or do not use it often, according to a survey by the...

Developers of the Terra stablecoin ecosystem, which includes Luna Classic (CRYPTO: LUNC), TerraUSD Classic (CRYPTO: USTC), and Luna 2.0 (CRYPTO: LUNA), proposed an expansion plan in which they would allocate 95 million LUNA ($248 million) to...

Faced with criticism over the quality of its reserves, stablecoin issuer Tether announced Thursday that it was slashing commercial paper, or unsecured promissory notes, from its reserves. It also increased its direct exposure to U.S. Treasuries by more than $10 billion in the last quarter. Slashing...

Stablecoins are usually described as the remedy to the volatility of cryptocurrencies. However, Michael S. Barr, vice chair for Supervision for the U.S. Federal Reserve is worried they could “pose a risk to the financial stability” of the country. See Also: TOP...

JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon's tirade against cryptocurrencies continues. Despite the investment bank's ongoing efforts to boost its crypto capabilities, Dimon blasts Bitcoin (CRYPTO: BTC) for being a decentralized Ponzi scheme. See Also: JPMorgan CEO Still 'Doesn't...