Nigeria revisits its payments landscape amid sluggish eNaira adoption
The Nigerian central bank has outlined key focus areas for its national payments system in a two-year roadmap leading up to 2025. Go to Source Powered by WPeMatico
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City of London, British trade groups form new digital currency advocacy alliance
The UK capital’s governing body is partnering with the Digital Pound Association and other trade groups to promote good crypto policy and practice and the UK’s position as a global financial center. Go to Source Powered by WPeMatico
Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023
The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents per … Read more
Binance pushes back against report stablecoin isn’t fully backed
The crypto exchange said there was a “timing mismatch in backing Binance-Peg BUSD with BUSD” seemingly showing data in which the stablecoin was not fully backed at times. Go to Source Powered by WPeMatico
Albright Capital drops lawsuit against Terraform Labs and Do Kwon
Terraform Labs is the founder of US Dollar Terra (UST), an algorithmic stablecoin that lost its peg in May 2022. Go to Source Powered by WPeMatico
Cosmos EUR stablecoin project to unwind after 2 years
“The lack of real-world applications for blockchain has led to low demand for non-USD stablecoins,” e-Money wrote. Go to Source Powered by WPeMatico
Nigeria to create the stablecoins and ICOs legal framework
The necessity to create a legal framework for stablecoins is marked in the latest Central Bank of Nigeria strategy paper. Go to Source Powered by WPeMatico
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current level of $16.77 billion. Stablecoin … Read more
Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi
A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to private stablecoins. Go to Source Powered by WPeMatico
Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale
Judge Martin Glenn found the terms of use for the Earn program “unambiguous,” and besides that, treating account holders as unsecured creditors was more equitable. Go to Source Powered by WPeMatico