China could benefit from yuan stablecoin over its CBDC – Circle CEO
China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency. Go to Source Powered by WPeMatico
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BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money. Go to Source Powered by WPeMatico
Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin
“Issuing a stablecoin pegged to the HK dollar not only helps to solidify HK’s leadership in the blockchain sector but also propels the progress of the digital HK dollar,” said the report. Go to Source Powered by WPeMatico
Bitcoin salary: Employees choose crypto paychecks amid economic instability
Volatility among some fiat currencies has made stablecoins like USDC a more attractive option for payroll, according to HR executives. Go to Source Powered by WPeMatico
RBI lists risks of stablecoin for developing economies, calls for global regulation
The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto. Go to Source Powered by WPeMatico
Paxos and MercadoLibre partner up to bring USDP to Mexico
The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users. Go to Source Powered by WPeMatico
Terra Allies’ Six Samurai team aims to revive the ecosystem
The Terra Allies senior engineering full stack team, known as the Six Samurai, has presented their Q3 spend proposal, emphasizing their deep passion as LUNC holders. Go to Source Powered by WPeMatico
Trader takes $4m short position on TrueUSD as issuer halts mints and redemptions
An Ethereum user used Aave’s V2 lending platform by depositing 7.5 million USDC as collateral. Go to Source Powered by WPeMatico
TrueUSD assures users it has no exposure to troubled Prime Trust
Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust. Go to Source Powered by WPeMatico
BUSD falls to fourth position among stablecoins
After a dip of over $1 billion in the past 30 days, BUSD now sits at the fourth position in market capitalization among stablecoins. Go to Source Powered by WPeMatico