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stablecoin News and Articles

Tether UK stablecoin

Tether Is Releasing a British Pound-Pegged Stablecoin


Tether introduced a new stablecoin. The digital asset will reflect the price of the UK’s official currency Pound Sterling. The GBP₮ coin will be brought to the market in July. According to a publication by Tether, the coin initially will be available on Ethereum. GBP₮ will be the fifth...

Terra UST market cap

Terra UST Gets Ahead of BUSD to Become the 3rd Largest Stablecoin


Terra blockchain’s stablecoin, UST became the third largest stablecoin with a market cap of over $17.5 bln. Data from CoinMarketCap show that UST has gotten ahead of (Binance USD) BUSD and comes after Tether USDT ($82.7 bln) and USD Coin USDC ($50 bln). UST is a dollar-pegged stablecoin released...

BEAN hack

Stablecoin Protocol Beanstalk Lost $182 M in an Exploit


On April 17, Ethereum-based decentralized stablecoin protocol Beanstalk was exploited and lost $182 M as a result. Security, and data analytics company PeckShield tweeted based on Etherscan data that the attacker managed to get away with $80 M and move it via privacy transactions protocol Tornado...


Wyoming plans to launch its own stablecoin


Representatives of the US state of Wyoming proposed for consideration a bill describing the procedure for issuing their digital currency. Based on the information provided in the document, lawmakers are proposing to issue a stablecoin that will be pegged to the US dollar. According to local media,...

Diem stablecoin project closes

Meta's Crypto Project Diem Shuts Down


Meta's stablecoin project Diem, initially called Libra, is shutting down. According to a report by Wall Street Journal, a person familiar with the subject said that the Diem Association is selling the technology to California-based bank Silvergate Capital for $200 M. Silvergate Capital agreed to...

Hong Kong

Hong Kong authorities to tighten control over stablecoin issuers


The Hong Kong Monetary Authority fears that stablecoin issuers have insufficient reserves to back up all of their tokens. To this end, the regulator plans to tighten control over such companies to protect investors. On the eve of the Department published a document in which it spoke about the risks...

PayPal stablecoin plans

PayPal to Release Its Own Stablecoin


Leading payments company PayPal considers releasing its stablecoin. As per a report by Bloomberg, the company is exploring a digital currency pegged to the US dollar. At the moment, details of the project development aren't known. Paypal's senior vice president of blockchain, crypto, and digital...


The Tether team has blocked 560 addresses since 2017


Tether, the issuer of the USDT stablecoin, has blocked 560 addresses over the past five years. According to the EtherScan service, at the beginning of January, Tether added another wallet to the blacklist of Tether, containing more than $ 1 million worth of stablecoins. USDT developers have been...

Fitch Rating

Fitch Ratings seeks to regulate stablecoins


Analysts at the Fitch rating agency urge the European Union and the United States to seriously engage in the development of a regulatory framework for stablecoins. If states can control the movement of funds in digital assets, then they will reduce the risks of financial destabilization, the agency...

Tether stablecoin

Tether USDT Supply on Exchanges Is the Highest in 6 Months


Data from blockchain analytics platform, Santiment show that the supply of the stablecoin Tether (USDT) on exchanges reached its 6-month high. Since mid-June, the amount went up by 22.5% and currently stands at around $8.99 billion. The analysis indicates that there is a high interest in buying...


Janet Yellen reiterates the need to regulate stablecoins


In July, Treasury Secretary Janet Yellen called on the President's Financial Markets Working Group (PWG) to expedite the development of stablecoin legislation. The day before, she reiterated that fiat-backed digital assets need a regulatory framework. With the help of such tools, you can simplify...


Circle to launch stablecoin pegged to Japanese yen


One of the USDC stablecoin operators, Circle, announced the launch of a Japanese yen-pegged stablecoin through the venture arm of Circle Ventures. As part of expanding its presence in Asia, the company will also open an office in Singapore, Bloomberg writes. In an interview with CEO Circle, Jeremy...


Stablecoins will create problems for the financial sector


At the end of last week, the Bank for International Settlements (BIS) presented a report in which it analyzed the implications of integrating stablecoins and central bank tokens into the financial system. According to the organization, the new tools will not be able to solve the problems facing the...

Cardano Coti stablecoin Djed

Cardano-Based First Stablecoin Issued by COTI


In terms of the previously held Cardano conference, Charles Hoskinson, the establisher of the platform unveiled a new stablecoin coming to the environment. The stablecoin, named Djed, was created due to the collaboration between Cardano and COTI, which is a blockchain protocol focused on DeFi...


Matthew Gould: Stablecoin cap to reach $1 trillion


The market for digital assets backed by fiat money will grow rapidly over the next four years. According to the forecasts of the CEO of Unstoppable Domains, Matthew Gould, by 2025, the capitalization of stablecoins will reach $ 1 trillion. The businessman expressed his point of view in an interview...


SEC head compares stablecoins to securities


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...


Bitstamp announces Tether EURt stablecoin listing


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...

Paul Krugman

Economist thinks stablecoin market crisis is inevitable


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....

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