MoneyGram’s USDC transfer service launches in several countries
The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.” Go to Source Powered by WPeMatico
Stablecoin
Auto Added by WPeMatico
Tether is ‘instrument of freedom’ and ‘Bitcoin onramp,’ says Bitfinex CTO
Paolo Ardoino, CTO of Bitfinex and Tether made the case that Tether is a tool for human rights in Davos, Switzerland during the World Economic Forum. Go to Source Powered by WPeMatico
LUNA2 traders are increasingly short despite 67.5% rally, $4 million liquidated
Downside pressure for Terraform Labs’ LUNA2 mounts amid investigations and rumors from a “Terra insider.” Go to Source Powered by WPeMatico
DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%
Liquid staking firms could default on their Ether obligations if “the Merge” does not happen. Go to Source Powered by WPeMatico
New York state releases guidance for issuing dollar-backed stablecoins
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type. Go to Source Powered by WPeMatico
Circle Announces the Stablecoin USDC Is Now Supported by the Polygon Network
Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be withdrawn via a Circle Account and Circle APIs without the need for manual cross-chain bridge technology. Circle Reveals Polygon-Supported USDC Circle has revealed that usd … Read more
Reserve Rights (RSR) builds momentum ahead of its long-awaited mainnet launch
Steady growth in its active users, the stability of the RSV stablecoin and investors’ anticipation over the upcoming mainnet launch could boost RSR price in the short-term. Go to Source Powered by WPeMatico
Is education the key to curbing the rise of scammy, high APY projects?
As DeFi projects offering insane returns continue to infiltrate the market, experts believe that investors need to better equip themselves to avoid such scams. Go to Source Powered by WPeMatico
Japan Adopts Legislation Establishing Legal Framework for Stablecoins
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of UST Collapse Lawmakers in Japan have passed a … Read more
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