Coinbase to delist noncompliant stablecoins under EU MiCA rules
Coinbase will delist noncompliant stablecoins from its European platform by the end of December to comply with the EU’s MiCA regulations. Go to Source
Stablecoins
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Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa
Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable way to store value and conduct international payments. Stablecoins as a Store of … Read more
Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn
Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on … Read more
Visa launches tokenized asset platform for digital asset management
Visa announced its tokenized asset platform for issuing and managing digital assets, which includes stablecoins and CBDCs, to meet growing demand in the blockchain space. Go to Source
Stablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis
Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption. Go to Source
Bitwage CEO: Stablecoins Have Been a Lifesaver for Argentines
Jonathan Chester, CEO of Bitwage, has detailed how the company has been serving Argentine remote workers who prefer collecting payments from employers abroad in stablecoins. Chester stated that 70% of its customers in the country use stablecoins, reinforcing that these have helped Argentines increase their net salaries up to 50%. Bitwage CEO Jonathan Chester: 70% … Read more
Gemini’s exit from Canada: What’s driving crypto exchanges out?
Gemini’s exit came just a few days after the Canadian Securities Administrators released an update to crypto trading firms about stablecoins. Go to Source
Why Stablecoins Fail: Lessons From the Past
Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears. So, how does something designed to be ‘stable’ unravel? A Historical Review of Stablecoin De-Pegging Incidents There’s no doubt that these stablecoins … Read more
Robinhood, Revolut eye entry into the stablecoin market — Report
Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand. Go to Source
Assetera launches secondary tokenized RWA market on Polygon
Assetera will provide Europe’s first regulated secondary tokenized real-world asset marketplace. Go to Source