Stablecoin – Page 39

BitPay to introduce USDC and ETH payments on Polygon network

Polygon-bridged cryptocurrencies like Ether, USDC, DAI and Wrapped Bitcoin are coming to BitPay later this week.

The UK has a new name for stablecoins and a new bill to regulate crypto

The proposal is another ripple of recognition for the Bitcoin, crypto and digital assets industries in the United Kingdom.

Go to Source

Singapore MAS proposes to ban cryptocurrency credits

Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested.

Go to Source

MakerDAO community votes to approve custody of $1.6B USDC with Coinbase

The MakerDAO community will earn a 1.5% reward on its USDC while holding funds with Coinbase Prime.

Go to Source

Near Foundation sets up $40M fund to bail out USN investors in case of collapse

The program was launched after Decentral Bank, the issuer of NEAR-native stablecoin USN, raised concerns about the stablecoin depegging due to algorithmic failure.

Go to Source

Wealthy crypto believer and incoming UK PM Rishi Sunak once commissioned a royal NFT

The new leader of the world’s sixth-largest economy is the former chancellor of the exchequer and is said to be richer than King Charles; he is also a firm crypto supporter.

Go to Source

Fireblocks launches crypto payment engine with Checkout.com and Worldpay as pilot partners

Checkout.com settled $1 billion in stablecoin transactions during its initial pilot phase of Payments Engine.

Go to Source

Hong Kong Presents Digital Currency Prototype, Project Aurum

Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens and Stablecoins as Part of Project Aurum A collaboration between the BIS Innovation […]

Go to Source

Acting US FDIC head cautiously optimistic about permissioned stablecoins for payments

Acting Federal Deposit Insurance Corporation chairman Martin Gruenberg said the agency needs more information about crypto, and the crypto industry needs to understand the FDIC better.

Go to Source

USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%

19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today’s $44.93 billion. Statistics show that during the last three months, USDC’s market valuation has dropped by more than 19%, shedding approximately $10.59 billion. […]

Go to Source