Basel Committee suggests introducing maturity limits for stablecoin reserve assets
Should longer-term assets be allowed as reserve assets, the committee believes these must overcollateralize the claims of stablecoin holders. Go to Source
Stablecoin
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German asset manager DWS joins Galaxy to issue euro stablecoin
AllUnity, a new joint venture by DWS, Galaxy and Flow Traders, plans to issue the euro stablecoin on all major public permissionless L1s and L2s, DeFi use cases. Go to Source
S&P Global launches stablecoin ratings, ranks GUSD, USDP, USDC highest
The producer of the S&P 500 assessed eight stablecoins. Tether received the second-lowest rating. Go to Source
Palau’s Ripple-supported stablecoin pilot achieves positive results
The U.S. dollar-pegged Palau Stablecoin was used by 168 volunteers for $100 of retail purchases in three months. Go to Source
France’s third-largest bank, Société Générale, launches euro pegged stablecoin
The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s wide customer base for trading use. Go to Source
Crypto payments: PayPal’s stablecoin ripple effect on markets
Earlier this year, PayPal released its own stablecoin. What effect has it had on crypto adoption? Go to Source
Tether moving into infrastructure, energy production, CEO Ardoino says
Tether will build renewable energy facilities in Uruguay and El Salvador, the new CEO told Cointelegraph. Go to Source
Binance will end support for BUSD stablecoin in December
Many users’ Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31. Go to Source
Paxos receives in-principle approval to issue stablecoins in Abu Dhabi
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin. Go to Source
Ethereum (ETH) price reclaims $2K as data shows a surge in network activity
Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000. Go to Source