U.S. financial agencies will meet to discuss the future impact of stablecoins
They intend to discuss the regulation of stablecoins, as well as the technology’s potential benefits and risks. Go to Source Powered by WPeMatico
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Cointelegraph Consulting: Stablecoin activity drops after May peak
Despite the tumble in stablecoin activity, average transactions of stablecoins DAI and UST still exceed those of USDT and USDC. Go to Source Powered by WPeMatico
Japan to reportedly take action to scrutinize crypto globally
Japanese Ministry of Finance is hiring more staff to develop stricter global rules for digital currencies, particularly fiat-pegged stablecoins. Go to Source Powered by WPeMatico
Fed Chair says stablecoins need stricter regulation, speaks on CBDC
He stated that stablecoins need stricter regulations if they are to be part of the payment universe. Go to Source Powered by WPeMatico
BREAKING: Stablecoin firm Circle to go public in $4.5B blank-check deal
Backed by American investment bank Goldman Sachs, Circle is a major stablecoin partner of payment giant Visa. Go to Source Powered by WPeMatico
China’s central bank worried about stablecoins’ risk to financial systems
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems. Go to Source Powered by WPeMatico
3 reasons why Terra (LUNA) price rallied by 20%
The growing interest in stablecoins, new partnerships and the improving state of the wider market back LUNA’s newfound bullish momentum. Go to Source Powered by WPeMatico
Terra and Harmony announce DeFi partnership focused on UST stablecoin integration
“Terra is excited to expand our growing portfolio of DeFi products to multiple chains and working with Harmony to bring UST and Anchor to another growing ecosystem,” said Do Kwon, co-founder and CEO of Terra. Go to Source Powered by WPeMatico
Stablecoin growth could affect credit markets, rating agency warns
Fitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry. Go to Source Powered by WPeMatico
Stablecoins under scrutiny: USDT stands by ‘commercial paper’ tether
Are stablecoins actually stable? Tether’s basket of reserve assets raises eyebrows as a new round of debate regarding backing begins. Go to Source Powered by WPeMatico