Tether says it holds zero Chinese commercial paper, denies 85% exposure
Tether reports that its total commercial paper exposure has been cut to $3.7 billion from $30 billion just one year ago. Go to Source Powered by WPeMatico
Stablecoin
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Bill addressing stablecoins risks in US likely delayed until September: Report
The unresolved issues in the bill reportedly included provisions on custodial wallets from the Treasury Department, and concerns from the Securities and Exchange Commission. Go to Source Powered by WPeMatico
Stablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades
During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their market caps slide over the last 30 days, while BUSD and DAI have seen increases. Stablecoin Markets Lose Close to … Read more
Regulators across the ocean discuss stablecoins and MiCa at joint forum
The representatives of key regulatory bodies on both sides of the Atlantic have met to exchange their experiences. Go to Source Powered by WPeMatico
UK financial markets bill authorizes regulation of stablecoins, service providers
Crypto regulation came through as expected in the Financial Services and Markets Bill in spite of changes in government personnel and the collapse of the crypto market. Go to Source Powered by WPeMatico
Demand for widely used euro stablecoin is huge, says DeFi expert
The U.S. company Circle is launching a regulated stablecoin that is pegged to the euro, but what does this mean for the eurozone? Go to Source Powered by WPeMatico
Liquidity protocol uses stablecoins to ensure zero impermanent loss
The cross-chain liquidity protocol has put special focus on user experience with a simple user interface without them having to deal with complex virtual networks. Go to Source Powered by WPeMatico
‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022. Go to Source Powered by WPeMatico
Burdensome but not a threat: How new EU law can affect stablecoins
Apart from the stringent requirements for stablecoin issuers, there are other areas of concern in the upcoming EU regulation. Go to Source Powered by WPeMatico
MiCA and ToFR: The EU moves to regulate the crypto-asset market
The EU crypto regulation: With the main topics approved, who is affected and what are the possible impacts on the crypto industry? Go to Source Powered by WPeMatico