Japan passes bill to limit stablecoin issuance to banks and trust companies
The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse. Go to Source Powered by WPeMatico
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These are the least ‘stable’ stablecoins not named TerraUSD
Some stablecoins have failed to deliver the dollar’s stability to crypto traders long before TerraUSD’s collapse. Go to Source Powered by WPeMatico
Co-Founder of Africa Focused Fintech: Traditional Banks Not Optimized to Serve the Unbanked
For years, traditional financial institutions in different parts of the world have been attempting to narrow the financial exclusion gap by extending their services to the unbanked population. Yet for many reasons, these institutions still cannot avail their products and services to everyone that needs them. Regulatory Hurdles While there are several reasons cited for … Read more
DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?
In the wake of UST’s collapse, several DeFi platforms launched their own stablecoins to lasso new users and liquidity but are investors willing to take on the risk in return for 20% APY? Go to Source Powered by WPeMatico
Binance’s CZ says he is ‘skeptical’ about the Terra relaunch
Binance CEO CZ voices skepticism around the relaunch of the Terra blockchain and its new LUNA token following the latest fiasco. Go to Source Powered by WPeMatico
Tether’s reported bank partner Capital Union shares its crypto strategy
Tether stablecoin’s reported bank partner Capital Union supports a large variety of digital assets as part of its trading and custody services. Go to Source Powered by WPeMatico
Aussie banks ANZ and NAB won’t ‘endorse’ retail speculation on crypto
Executives from two of Australia’s “big four” banks have said they won’t allow their retail customers to trade crypto with ANZ adding its happy it didn’t “go head long” into a cryptocurrency offering. Go to Source Powered by WPeMatico
UN agency head sees ‘massive opportunities’ in crypto: WEF 2022
“Crypto is just another technology, it’s a matter of how is it being used. It can be used for good or for bad. From where we sit, we see massive opportunities,” says the director of the UNICC. Go to Source Powered by WPeMatico
China state media signals tighter crypto regulations in Terra aftermath
China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin. Go to Source Powered by WPeMatico
Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, … Read more