Tag: Stablecoin market

The IMF released a detailed study on Thursday that reviews the fast rise of stablecoins and the state of rules meant to guide their use.

The ECB may soon need to deal with stablecoins to not act as a catalyst for macroeconomic turmoil, according to Olaf Sleijpen. 

The growing global demand for U.S. dollar-backed stablecoins could play an unexpected role in influencing interest rates, says Fed Governor.

Senior ABA executive claimed that allowing crypto exchanges to offer yield on stablecoin would harm traditional banks and their communities.

European policymakers are calling for the creation of euro stablecoins to reduce the bloc’s dependence on U.S. dollar-based digital assets.

Visa has launched a pilot program enabling banks and financial institutions to pre-fund cross-border transactions using stablecoins.

Coinbase has issued a sharp rebuttal to claims that stablecoin market could weaken the U.S. banking system.

Several U.S. banking associations have called to tighten stablecoin laws to prevent issuers from indirectly offering interest or yields.

The supply of yield-bearing stablecoin has sharply increased following the enactment of the GENIUS bill in July.

The GENIUS Act has only just become law, but its impact on the crypto landscape is already evident within just a week.

Ripple CEO believes the stablecoin market could grow nearly tenfold over the next few years, reaching a market cap of $1–2 trillion.

South Korea central bank governor has expressed cautious openness to the idea of a won-backed stablecoin but also raised concerns.

Arthur Hayes predicts that the market is entering a phase of “stablecoin mania” that could end in widespread failures and financial losses. 

Interest in stablecoins among Fortune 500 executives has more than tripled in the past year, according to a Coinbase report.

A consortium of America’s largest banks is reportedly in early discussions to create a joint cryptocurrency stablecoin.

Three of Abu Dhabi’s financial heavyweights—ADQ, FAB, and IHC—have announced plans to launch a dirham-pegged stablecoin.