Ripple Makes Waves and Stablecoins Surge
It was another busy week at CoinDesk as the new Trump Administration continued to roll out a pro-crypto agenda and the industry laid the groundwork for growth in the new…
It was another busy week at CoinDesk as the new Trump Administration continued to roll out a pro-crypto agenda and the industry laid the groundwork for growth in the new…
Austin, Texas, May 29th, 2024, Chainwire Agora brings to Sui an exceptional blend of technology, financial markets, and operations experience paired with blue-chip traditional finance partners and backers. Sui, the…
The supply of Tether's USDT and Circle's USDC – the two largest stablecoins – expanded by nearly $10 billion combined over the past 30 days, 10x Research pointed out. Meanwhile,…
Bitcoin, however, offers a truly decentralized option, getting us closer to freedom as non-domination. Bitcoin's decentralized nature prevents the type of domination that comes with the centralized structures of stablecoins…
However, cryptos with "effective stabilization mechanisms" qualify for "preferential Group 1b regulatory treatment." This means stablecoins can be subject to "capital requirements based on the risk weights of underlying exposures…
Stablecoins, cryptocurrencies designed to hold a stable value through a peg to an underlying asset, such as the U.S. dollar, have gained popularity for their potential to provide the flexibility…
Singapore's central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state.The Monetary Authority of Singapore announced the framework on Aug.…
The largest stablecoins have all endured periods of turmoil in the last few months. In February, New York state regulators ordered Paxos to halt minting Binance USD (BUSD), the third…
The dollar-pegged Binance USD (BUSD) stablecoin sits now at the fourth position in market capitalization among other stablecoins following a dip of over $1 billion in the past 30 days,…
On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point…