Stablecoin (STABLE) News

The US authorities have decided to expedite the legalization of secured digital currencies. The Ministry of Finance has created an expert group that will develop a regulatory framework for stablecoins. The head of the SEC, Gary Gensler, did not stand aside and commented on the position of American...

The oldest European cryptocurrency exchange Bitstamp opened deposits for the EURt stablecoin from Tether secured in euros 1: 1 amid great customer demand. The exchange will add EURt / EUR and EURt / USD to the listing. “Access to EURt will save customers in the euro area time and money without...

The US authorities have finally acknowledged the gigantic influence of the stablecoin market. Under the auspices of the Ministry of Finance, a special expert group will begin to work, which will develop a regulatory framework for regulating operations with digital currencies backed by fiat money....

Federal Reserve Chairman Jerome Powell this week announced the need to regulate digital currencies backed by fiat money. The appeal of the American regulator was heard at the Ministry of Finance. It became known yesterday that the country's financial department will create an expert group that will...

Jerome Powell, head of the US Federal Reserve System, has previously criticized cryptocurrencies on numerous occasions. In his opinion, such instruments create great risks for investors. Even if bitcoin can push gold into the background, then this asset does not pose any threat to the dollar,...

On April 3, the Genesis event of the FEI Protocol took place due to which the network raised over 639,000 Ether - around $1.3 B for its algorithmic stablecoin Fei. More specifically, collected capital will be managed as collateral for minting stablecoins. 639K $ETH committed and $1.3B $FEI...

The central bank of Thailand promises to implement regulation of digital currencies backed by fiat money by the end of 2021. At the same time, the regulator emphasized that bitcoin and other unsecured coins will remain outside the legal framework. The Central Bank of Thailand published the...

The rise in the value of stablecoins usually indicates that the demand for cryptocurrency will increase, analysts say. Digital assets backed by fiat money are the main vehicle through which investors enter the crypto sphere. The cap of the second-largest stablecoin, USDC, has been steadily...

At the end of February 2021, the total trading volume in stablecoins reached a new high. The number of transactions in digital assets backed by fiat money exceeded $ 360 billion last month. Tether (USDT) continues to hold first place. This asset accounts for up to 63.5% of the total volume of...

Moscow-headquartered Russian banking leader Sberbank presented documents to the country’s banking supervisory body to release its own stablecoin. Sberbank was founded in 1841. Now it is the dominant credit establishment in Russia and post-Soviet countries. The vice-president of the bank’s...

One of the earliest German banks, Bankhaus von der Heydt has introduced a Euro-backed stablecoin powered by the decentralized protocol Stellar. The company informed that for building the new digital currency it collaborated with the P2P lending platform Bitbond. BVDH member of management board...

The stablecoin Dai now is the third-largest by market capitalization after Tether and USD Coin. CEO and co-founder of Maker announced that Maker users have minted $1 billion worth of DAI. The Maker Protocol just hit 1 billion Dai for the first time ever! Want to be a part of growing it to 10...

China offers another crypto project aimed against the leadership of the US dollar in international payments. Chinese leaders intend to create a cryptocurrency for East Asia to reduce dependence on the US dollar and strengthen trade ties in the region. According to Nikkei Asia, ten members of the...

The capitalization of the most comprehensive stablecoin Tether (USDT) is gradually approaching $ 10 billion. Now, this figure is just over $ 9.2 billion. Paolo Arduino, CTO of the development company, recently said that his team has minted $ 5 billion worth of coins over the past six months. At the...

Ripple is creating a new component designed to provide the ability to create asset-backed tokens on top of the XRP registry. That was told by the technical director of the company David Schwartz. According to him, Ripple seeks to expand the capabilities of the network, including providing third...

Tether proclaimed the launch of a new stablecoin backed from gold, which, as the company mentioned: "grants the right to own about 31 gram of pure material gold in certain gold bullion." A stablecoin with the XAU₮ will be released on the Ethereum and TRON blockchains. Gold, which is...

A class-action complaint accuses the corporations behind the Tether stablecoin of “propping and popping the largest bubble in history,” which led to a disappearance of $256 billion in crypto wealth. The complaint accuses the issuer of Tether of manipulating Bitcoin prices. The suing process...

As to JPMorgan Chase & Co. stablecoins which are built to bypass the massive changes of BTC and ETH, could break functioning normally in pressure periods. Joshua Younger said leaning on his analysis that the cumulative cost of all existing stablecoins is not surpassing $5 billion, the...