United States: Will this new bill ban Terra-like stablecoins for 2 years
A recent Bloomberg report stated that upcoming legislation would ban algorithmic stablecoins such as TerraUSD that collapsed in May this year leading to a global...
Putting the’stable’ in stablecoins: How Djed and USDD are attempting to scale
With the depegging of Terra in May, the definition of "Stable" in Stablecoins altered. The Bitcoin market, clasped in bear claws, is still licking its...
Here’s Ethereum co-founder Vitalik Buterin’s opinion on algorithmic stablecoins.
Vitalik Buterin, the founder of Ethereum, has proposed two thought experiments to determine if an algorithmic (algo) stablecoin is realistic in the long run. Buterin...
Post UST’s depegging fiasco, data seems to suggest returning interest in stablecoins
Stablecoins, in general, suffered immensely post the TerraUSD (UST) de-pegging event. This event saw UST drop from its once-stable $1 parity to today’s $0.06 per...
FTX US will begin trading stocks against stablecoins.
Through the FTX US crypto exchange, ordinary investors will be able to fill their accounts using fiat-backed stablecoins such as USD Coin. FTX, a major...
The recent depegging of stablecoins is not a “real threat to financial stability,” according to Janet Yellen.
On Wednesday, Terra's UST fell to $0.29 and Tether's USDT stablecoin briefly depegged from the dollar, reaching $0.96. The stablecoin market, according to US Treasury...
The Fed cites its concern about stablecoins in its latest Financial Stability Report
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC. The United States Federal Reserve...
Terra purchases $200 million in AVAX for reserves, as alternative stablecoins emerge.
The two primary firms supporting the Terra blockchain's development have invested a total of $200 million in AVAX, and Near Protocol is said to be...
Here’s why stablecoins, rather than Bitcoin, are the new “safe haven.”
Stablecoins appear to have performed exceptionally well in an otherwise turbulent year for the majority of mainstream cryptocurrencies. While most cryptocurrencies have recovered from their...
With a 370 percent year-over-year increase in demand, this coin has become extremely popular.
The cryptocurrency industry grew significantly in 2021. Despite several headwinds, its total market cap grew by 187.5% in 2021. However, it’s interesting to note that...
MUFG has abandoned its blockchain payment experiment in favour of stablecoins.
MUFG's blockchain payments project GO-Net Japan, which launched in 2019, is closing operations due to poor predicted profitability. Mitsubishi UFJ Financial Group (MUFG), Japan's largest...
The total quantity of stablecoins has reached $180 billion, according to a report.
Despite a gloomy outlook for the crypto sector as a whole, the stablecoin supply has reached $180 billion, up $9.5 billion in the last 30...
Hoskinson’s predictions for ADA to standardise interest rates range from stablecoins to peer-to-peer lending.
The Cardano community has been tense recently as two projects – the SundaeSwap DEX and project incubator CardStarter – have gone to court. Charles Hoskinson...
A US lawmaker has introduced legislation to provide government-backed insurance for ‘qualified’ stablecoins.
"In order for cryptocurrency to grow and thrive... we need to give the market more direction and certainty," said Josh Gottheimer. New Jersey Representative Josh...
At a hearing on digital assets, a US lawmaker advocates for state-level regulations on stablecoins.
Patrick McHenry implied that regulating stablecoins in the United States with a "single regulator at the federal level" would most likely fail. At least two...
Here’s why Paxos CEO believes stablecoins will eventually supplant Bitcoin as a payment channel.
Bitcoin was intended to be a decentralised alternative to fiat currencies that would transform existing financial systems when it was first envisioned over a decade...
CBDCs and stablecoins: EY advises banks to ‘get ready for what’s next.’
A new EY report emphasises the need for banks to change their policies in order to overcome business uncertainties related to digital assets. EY,...
NFTs, stablecoins, Bitcoin, and cryptocurrencies: Where are they now, and where will they be in 2022?
In practically every area, blockchain and crypto assets have advanced significantly in 2021. For the global crypto asset space, the new year hasn't started off...
According to research, stablecoins and CBDCs may coexist in Canada.
CBDCs and stablecoins have recently received a lot of attention. Regulators all over the world have been considering the benefits and drawbacks of digital currencies...