Stablecoin issuers poised to be banks of the future on road to adoption
Stablecoins are destined to grow, experts suggest, but are regulations the only way for the market to reach its full potential? Go to Source Powered by WPeMatico
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Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume
A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is roughly $2.6 trillion. These days, it’s safe to say that dollar-pegged tokens, otherwise known as stablecoins, have a strong presence in the crypto market. Today … Read more
Bitcoin too volatile to be adopted as legal tender, says BoE chief
The Bank of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it. Go to Source Powered by WPeMatico
European Council approves two digital asset proposals
A framework for digital assets in Europe is moving ahead in the labyrinth of the European Union. Go to Source Powered by WPeMatico
Crypto poses no big risk to economy so far, Bank of Canada official says
Canada is one of the first countries to approve a Bitcoin ETF and is the fourth-largest nation in terms of hash rate. Go to Source Powered by WPeMatico
WEF releases resource suite for CBDCs and stablecoins aimed at regulators and businesses leaders
The publication contains 8 separate white papers exploring topics including the impact of lawmakers regulating stablecoins and central bank digital currencies as well as informing them about the risks, benefits, and alternatives. Go to Source Powered by WPeMatico
Bitso and Circle work on crypto payments between Mexico and US
Bitso is also known as the core crypto service provider for El Salvador’s official Bitcoin wallet, launched in September. Go to Source Powered by WPeMatico
Circle to invest in Japanese yen stablecoin as part of expansion to Asia
Circle’s Asia plans include a regional headquarters in Singapore, a new venture arm and investment in Japanese yen stablecoin efforts. Go to Source Powered by WPeMatico
USDC issuer Circle supports proposal to regulate stablecoin issuers as banks
“There’s a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly,” Circle CEO said. Go to Source Powered by WPeMatico
Two firms account for the majority of Tether received: Report
A new study by Protos claims that Tether flow is dominated by just two firms, Alameda Research and Cumberland. Go to Source Powered by WPeMatico