Myanmar shadow government declares stablecoin USDT an official currency
The NUG finance minister said Tether use would enhance trade speed and payment efficiency. Go to Source Powered by WPeMatico
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FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged
The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance. Go to Source Powered by WPeMatico
Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included
The cryptocurrency exchange Coinbase has revealed that it has made decentralized finance (defi) more accessible by giving Coinbase customers from over 70 countries access to earning yield on the stablecoin DAI. Coinbase claims the process is simple with “no fees, lockups, or set-up hassle,” as the firm believes “defi has tremendous potential to help increase … Read more
Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods
Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions. Go to Source Powered by WPeMatico
WhatsApp starts testing currency payments with Meta’s Novi wallet
Some U.S. activists previously asked the DOJ to stop Meta from offering its digital currency wallet Novi on its platforms. Go to Source Powered by WPeMatico
Hong Kong-based Chiron Partners launches $50M Terra fund
Terra’s native cryptocurrency, LUNA, has emerged as one of the best-performing digital assets of the past 11 months. Go to Source Powered by WPeMatico
$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells
During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during the last 30 days. $11 … Read more
House memo details Congress’ priorities ahead of crypto CEO hearing
The hearing on digital assets will involve discussions around four key aspects: crypto exchanges, stablecoin offerings, regulatory concerns in digital assets and federal regulatory responses. Go to Source Powered by WPeMatico
TerraUSD (UST) adoption backs LUNA’s ascension to a new all-time high
Cross-chain integrations and the growing popularity of Terra’s UST stablecoin are just a few of the factors behind LUNA’s recent rally to a new all-time high. Go to Source Powered by WPeMatico
Russia’s largest bank struggles to register its digital asset platform
State-owned bank Sber is trying to launch digital asset tools, but regulators remain skeptical about the industry. Go to Source Powered by WPeMatico
