stablecoins Archives - Page 6 of 8 - The Unfolding of Money

News

ByMarket DeskApril 25, 2023April 25, 2023

House Republicans Unveil Draft Legislation For Stablecoin Issuer Regulation

While the regulation of the stablecoin and crypto market is still uncertain in the United States, Republicans on the House Financial Services Committee on...

News

ByMarket DeskMarch 10, 2023November 1, 2023

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon...

News

ByGlobal DeskFebruary 22, 2023February 22, 2023

BIS General Manager Imagines Financial Innovation Without Stablecoins

The turmoil in crypto markets has erased the Bank of International Settlements’ belief that there is any hope that stablecoins would be the future...

News

ByGlobal DeskFebruary 13, 2023February 13, 2023

bUSD to be Phased Out, SEC Gives Notice

The tokenized dollar bUSD, with a market cap of $16 billion, is gradually being phased out after its issuer, Paxos, was ordered to stop...

News

ByMarket DeskDecember 17, 2022December 16, 2022

TrueUSD’s Offshore Chinese Yuan-Pegged TCNH Stablecoin Launches on Tron

The digital asset will be pegged 1:1 to Offshore Chinese Yuan, offering a new trading option for Tron’s tens of millions of users. Stablecoin...

News

ByGlobal DeskNovember 21, 2022November 21, 2022

Bank of England Calls for Crypto Regulation as Chaos Unfolds in Former Colonies

The Bank of England has called for greater regulation of cryptocurrencies in light of the FTX collapse, which incidentally occurred in a member state...

StableCoins

ByGlobal DeskNovember 4, 2022November 4, 2022

Crypto Hedge Fund Arca Shutters Terrausd-Exposed Fund

Crypto hedge fund Arca shut down its $20 million Digital Yield Fund due to the current downturn in the market. The fund, which opened...

News

ByGlobal DeskNovember 4, 2022November 4, 2022

Circle Starts Pouring Money into its Reserve Fund, Aims to Fill it in 2023

The Circle Reserve Fund is managed by BlackRock under the custody of Bank of New York Mellon. Circle, the issuer behind USD Coin (UDSC),...

Adoption StableCoins

ByMarket DeskOctober 13, 2022October 13, 2022

Tether to Replace Commercial Paper With U.S. Treasuries Reserves

Stablecoin issuer Tether has eliminated commercial paper from its reserves and says it has also increased its direct exposure to U.S. Treasuries by more...