Tag: Stablecoin
Singapore Central Bank Introduces Framework for Stablecoin Regulation
The new framework stated that firms that falsely claim that a token is certified by regulators in Singapore will be subjected to fines.
PayPal Stablecoin Encounters Subdued Reaction From Users
PayPal stablecoin PYUSD has seen a massive reduced embrace from users against the broad hype that trailed its launch
Tether Maintains $3.3B Liquidity Buffer to Uphold USDT Stability
Stablecoin issuer Tether has issued its liquidity report showing it has a total of $3.3 billion to bolster USDT stability
USDC Embraces 6 New Blockchains as Coinbase Acquire Stake in Circle
Coinbase Exchange has acquired a stake in stablecoin issuer Circle with USDC going live on 6 new blockchains
US Court Strikes Out Lawsuit Against Tether and Bitfinex
US court struck out a class action lawsuit against the stablecoin issuer Tether Holdings and Bitfinex for lack of merit
Tether Set to Release New Software to Improve Bitcoin Mining
Stablecoin issuer, Tether Holdings is actively developing a Bitcoin mining software in a bid to boost mining activities
PayPal Announces Launch of its US Stablecoin PYUSD
American payments giant, PayPal has launched its own stablecoin dubbed PYUSD as it seeks to compete with existing players
Ripple and Palau Perform Stablecoin Experiment Using XRPL
Ripple Labs Inc and the Republic of Palau have performed a CBDC-like stablecoin experiment using the XRP Ledger (XRPL)
Wyoming Seeks to Hire a Leader for its Official Stablecoin Project
The Wyoming Stable Token Act was put forward in the month of February 2022 and signed into law in March 2023.
Circle CEO Hints at Partnership With Japan Amid Positive Stablecoin Laws
Jeremy Allaire, the CEO of Stablecoin issuer Circle is interested in doing business with Japan as stablecoin legislation takes effect
Federal Reserve Should Play Vital Role in Stablecoin Regulation, Powell Says
The Federal Reserve Chair said: “We do see payment stablecoins as money,” in his testimony in the House Financial Services Committee.
Circle CEO Advocates for Stablecoin Legislation and Protection of the US...
Circle CEO, Jeremy Allaire has advocated for a functional stablecoin legislation as well as a protection of the US Dollar
MUFG Unveils Progmat Coin to Promote Cross-Blockchain Stablecoin
Mitsubishi UFJ has launched its highly functional stablecoin issuance platform called Progmat Coin in its bid to deepen Web3 access
Stablecoin Firms Spent $1.3M Lobbying Lawmakers Since 2022
Stablecoin USDT issuer Tether has paid out approximately $600K from the start of 2022 while Circle paid out $560K in the same period.
BUSD Global Supply Dips Suddenly to Lowest Level in Two Years
BUSD has dipped below the $7 billion range to about $6.8 billion based on a statistical analysis published on Saturday
U.S. House Financial Services Committee Introduce Stablecoin Regulatory Framework
Members of the United States House Financial Services Committee have introduced a drafted bill for regulating stablecoins in the region
CFTC Claims That Binance Intentionally Broke U.S. Laws
Global digital assets service provider Binance has been called out by a United States regulator for intentionally breaking the regulation
Coinbase Mulls Creation of Inflation-Based Flatcoins
Coinbase exchange is mulling the idea of creating a stablecoin dubbed flatcoins through developers building on Base
