Stablecoin – Page 68

U.S. Congressman calls for ‘Broad, bipartisan consensus’ on important issues of digital asset policy

Representative McHenry is convinced that Congress should take crypto regulation away from executive agencies and courts.

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BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers”

According to the boss of the international institution owned by central banks, it is central banks that are best positioned to shape the future of money.

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Bitcoin’s transition to a risk-off asset will propel it to $100K in 2022, says Bloomberg analyst

Mike McGlone, senior commodity strategist at Bloomberg, is convinced that Bitcoin’s transition to digital gold will propel it to new all-time highs in 2022.

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USDC flips Tether on the Ethereum network

The total supply for USDC on Ethereum has surpassed that of Tether, putting USDT in second place on Ethereum for the first time.

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CBDCs and stablecoins: EY advises banks to ‘prepare for what’s coming’

A new report from EY highlights the need for a policy change for banks to overcome business uncertainties regarding digital assets.

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Hong Kong begins discussions to introduce stablecoin regulatory framework

The Hong Kong Monetary Authority shared a list of eight questions to seek policy-related recommendations citing five possible regulatory outcomes — no action, opt-in regime, risk-based regime, catch-all regime and blanket ban.

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Here is how one algorithmic indicator anticipated multiple phases of FXS’ protracted rally

Altcoins can rally for an infinite number of reasons, but some price spikes are more historically similar than others.

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Hong Kong Monetary Authority aims to oversee stablecoin reserves

Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules.

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Expanding Crypto Market Caps by 500% to 1,300%: Stablecoin Issuance Saw Significant Growth Last Year

As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats Show Stablecoin Market Valuations Saw Massive Growth Last year, numerous crypto […]

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Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols

On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes […]

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