Stablecoin reserves on crypto exchanges hit new historic high of $10B
Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin. Go to Source Powered by WPeMatico
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Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand, the country’s central bank, issued a press release Wednesday declaring a stablecoin called … Read more
Diem co-creator leaving Facebook for Planet Labs
Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be “a journey of years and decades.” Go to Source Powered by WPeMatico
Thailand’s central bank warns against ‘illegal’ THT stablecoin
The Baht-pegged stablecoin produced by Terra has come under fire from Thai bankers. Go to Source Powered by WPeMatico
French retail giant will launch Tezos-based stablecoin
The new coin is named after a god in Irish mythology and will go by the ticker symbol EURL. Go to Source Powered by WPeMatico
Bitcoin price dips below $60K — But here’s why a bigger rally may be brewing
Bitcoin dropped below $60,000 on Sunday after new all-time highs, but stablecoin inflows show this is not a big concern. Go to Source Powered by WPeMatico
New Zealand firm launches stablecoin backed by NZD
“Techemynt felt it was an ideal time to fill the gap in the market and lead the creation of a NZD-based stablecoin,” said Fran Strajnar. Go to Source Powered by WPeMatico
Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval
Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high. Go to Source Powered by WPeMatico
Furucombo to issue iouCOMBO tokens to repay victims of $15M exploit
Hacked DeFi service Furucombo will issue “iou” tokens as part of its compensation plan to repay 22 affected users. Go to Source Powered by WPeMatico
Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat
Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment … Read more