STABLECOIN
A stablecoin (or stable coin), as its name indicates, is a stable cryptocurrency designed to be resistant to the type of price volatility synonymous with cryptocurrencies like Bitcoin and Ether. The key is to understand "stable": what is "stable"? which references are pegged to make its value "stable"? In terms of what we measure the "stability".
Banking Circle Adopts USDC as Currency on its Payment Rails
Banking Circle, an European Union (EU) regulated payments bank has announced that it has integrated the USD Coin (USDC) stablecoin into its payment rail
Chinese Court Reaffirms Stablecoins are Not Legal Tender
It is already about a year since China banned transactions involving digital currency transactions, and a Chaoyang Court in Beijing has further reiterated that cryptocurrencies are not legal tender.
Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation
Argentinians have taken refuge in stablecoins after the nation’s economy minister Martin Guzman resigned over the weekend attributed to the financial crisis crushing the South American country.
Tether Aims to Render More Transparency by Slashing Commercial Paper Holdings
Based on continuous efforts to decrease its commercial paper portfolio for transparency purposes, Tether revealed that it would slash its holdings by $5 billion by the end of July.
EU Agreement on MiCA May Not Favor Stablecoins
After much deliberation and compromises from the European Commission, Assembly, and Council, a final agreement that builds the comprehensive framework for the digital currency ecosystem has finally been made
Circle Inks Strategy Partnership with Bancorp for USDC Custody
Circle Internet Financials LLC, the blockchain company responsible for the issuance of the USDC stablecoin, has announced its latest partnership with New York Community Bank (NYCB).
EU Plans to Bar Interest Payments on Deposits in Stablecoins
Patrick Hansen, the head of Strategy at DeFi startup, Unstoppable Finance, said the expected MiCA bill could come as early as this month’s ending.
Tether to Launch GBPT in July, Pegged to British Pound Sterling
Stablecoin issuer Tether Operations Limited (“Tether”) has announced plans to launch Tether tokens (GBPT) pegged to the British Pound Sterling in early July.
USDC Issuer Circle to Launch Euro-Backed Stablecoin
The move by Circle to involve in launching its Euro stablecoin is based on user demand and business competition. The use of euro-backed stablecoins is rising in Europe.
BTSE Becomes 1st Exchange to Offer Perpetual Futures Trading for Overcollateralized Stablecoin
Crypto exchange BTSE has become the first to offer perpetual futures trading for the world's newest stablecoin- US Decentralized (USDD).
Australia's Novatti Group to Launch Stablecoin on the XRP Ledger
Novatti Group has announced it will be integrating its new stablecoin, AUDC with the XRP Ledger following a partnership with blockchain payments firm, Ripple Labs Inc.
Analysis: Here is What the New Crypto Bill Mean for the Blockchain Ecosystem?
What are the implications of the newly introduced US Crypto Bill? Blockchain.News recently spoke to crypto experts to comment on the consequences of the bill, and tell us what advantages might bring to the industry.
Japanese Lawmakers to Introduce New Bill, Empowering Crypto Seizure
In a bid to strengthen its regulatory landscape, Japanese lawmakers are reportedly looking forward to amending the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999)
Checkout.Com Starts Accepting Stablecoins Payment, Providing 24/7 Settlement
Checkout.com has launched offering stablecoins as a payment option for its merchants by using Fireblocks’ new crypto payment technology.
Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.