Cointelegraph Consulting: Stablecoin activity drops after May peak
Despite the tumble in stablecoin activity, average transactions of stablecoins DAI and UST still exceed those of USDT and USDC. Go to Source Powered by WPeMatico
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Hong Kong Busts Money Laundering Ring Using Tether to Wash Millions
Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to launder dirty cash. Money Laundering Syndicate Recycles $155 Million in Crypto and Fiat Transactions … Read more
Fed Chair says stablecoins need stricter regulation, speaks on CBDC
He stated that stablecoins need stricter regulations if they are to be part of the payment universe. Go to Source Powered by WPeMatico
Stablecoin growth could affect credit markets, rating agency warns
Fitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry. Go to Source Powered by WPeMatico
Stablecoins under scrutiny: USDT stands by ‘commercial paper’ tether
Are stablecoins actually stable? Tether’s basket of reserve assets raises eyebrows as a new round of debate regarding backing begins. Go to Source Powered by WPeMatico
Stablecoin insurance firm Bridge Mutual to protect against possible Tether depegging
Years of regulatory uncertainty around Tether could be offset by newfound investor confidence if an emerging insurance protocol for USDT gains traction. Go to Source Powered by WPeMatico
Boston Fed President Says the ‘Exponential Growth’ of Stablecoins Could ‘Disrupt’ Money Markets
Boston Federal Reserve president Eric Rosengren discussed stablecoins in a recent presentation on June 25. Rosengren stressed that stablecoins could be a “disruptor” to prime money market funds and the Boston Fed president remarked that the exponential growth of stablecoins is concerning. Rosengren: ‘We Should Be a Bit Concerned About Stablecoin Markets Growing Very Rapidly’ … Read more
Federal Reserve official: Stablecoin growth is ‘exponential,’ deserves ‘attention’
Boston Federal Reserve President Eric Rosengren notes that Tether could be a “disruptor” to short term credit markets. Go to Source Powered by WPeMatico
Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi
The days of 4,000% APY on DeFi liquidity pools could soon be replaced by safer, lower-yielding stablecoin-denominated pools. Go to Source Powered by WPeMatico
CNBC host boldly reveals he sold his BTC amid depths of bear market
CNBC’s Jim Cramer has sold off almost all of his BTC holdings, predicting bearish fundamentals will suppress Bitcoin’s price for the foreseeable future. Go to Source Powered by WPeMatico
