Binance drops majority of USD Coin reserves — Latest USDC news
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with. Go to Source
Stablecoin
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Obligatory license for stablecoins? What do the latest FSB guidelines mean
FSB starts from the definition of “global stablecoin”, which serves as a means of payment and storage and has the potential for adoption across multiple jurisdictions. Go to Source
Japanese startup to use stablecoins and CBDC to link Asian countries
Soramitsu is developing a cross-border payment system that uses Cambodia’s CBDCs and targets Japan, India, China and Southeast Asia. Go to Source
Bank of England will get more power in regulating stablecoins
The United Kingdom government could rebalance the power between the central bank of the country, Bank of England (BoE) and the principal financial regulator, the Financial Conduct Authority, in a former’s favor. Go to Source
Binance sold USDC for BTC & ETH after Silvergate bank collapse: PoR report
Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call. Go to Source
Breaking: Paypal launches stablecoin for payment
Payment processing giant PayPal started crypto payments in March 2020 and since then has been actively involved in the crypto payment sector. Go to Source
Curve’s crvUSD depegs as market reacts to shock events
The decentralized stablecoin is facing its first stress test since it was released in May, putting its PegKeeper algorithm to work. Go to Source Powered by WPeMatico
Binance starts BTC/FDUSD and ETH/FDUSD trading pairs with zero-fees
Users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user’s VIP level. Go to Source Powered by WPeMatico
MakerDAO increases DAI yield in a bid to boost demand
The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%. Go to Source Powered by WPeMatico
Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst
Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm. Go to Source Powered by WPeMatico