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Cryptocoins News / Finance Magnates - 2 years ago
The authorities in Hong Kong are exploring regulating stablecoins, as the latest consultation paper proposed the regulation of fiat-referenced stablecoins (FRS). If the proposed rules are implemented, stablecoin issuers in Hong Kong must obtain a loc...
by COINS NEWS - 2 years ago
submitted by /u/flowers_at_dusk [link] [comments]
Bitcoin News / Bitcoinist - 2 years ago
In a significant development for the stablecoin industry, Paxos, one of the largest stablecoin issuers, has received regulatory approval to extend its product offering to the Solana (SOL) blockchain. The expansion, scheduled to launch on January 17,...
Bitcoin News / Bitcoin.com - 2 years ago
The tokenization and stablecoin platform Paxos has revealed plans to broaden its stablecoin issuance to the Solana blockchain. The company, which oversees the pax dollar (USDP), anticipates that Solana-issued USDP will be publicly available starting...
Cryptocoins News / CoinJournal - 2 years ago
Paxos has expanded to Solana, the first expansion for its USDP stablecoin to a new blockchain. The regulated company will issue its stablecoin on Solana starting January 17, 2024. Stablecoin issuer Paxos has expanded its stablecoin issuance to the...
Bitcoin News / Bitcoin.com - 2 years ago
Roughly three weeks ago, Bitcoin.com News covered the stablecoin GHO, when it achieved a notable milestone by reaching $0.98 per coin. However, on December 11, the token experienced a slight dip, hitting $0.975 per unit. Despite some improvement in i...
Cryptocoins News / Finance Magnates - 2 years ago
Paxos, a regulated blockchain and tokenization infrastructure platform, has announced a strategic move to broaden its stablecoin issuance to the Solana blockchain platform. Previously exclusive to Ethereum, this expansion marks a milestone for Paxos'...
by COINS NEWS - 2 years ago
submitted by /u/PM_ME_UR_DICK_GURLZ [link] [comments]
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin Stable Above $43.5K But is There a Danger of a Long Squeeze? (BTC Price Analysis)& & CryptoPotato
Bitcoin News / Bitcoin.com - 2 years ago
The supply of stablecoins on the Ethereum chain has dropped by more than 30% from the peak of $100 billion to $66 billion since 2022. The study data shows BUSD and USDC as the two stablecoins which caused the overall market value to fall from $139 bi...
Bitcoin News / Bitcoin.com - 2 years ago
The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely undermin...
Bitcoin News / Google News Bitcoin - 2 years ago
Circle Launches EURC Stablecoin on Solana, Expanding Euro Access in the Crypto Space – Bitcoin News& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 2 years ago
Expanding the global reach of euro-based stablecoins, Circle has debuted its EURC token on the Solana blockchain, offering a fully reserved, euro-backed digital asset. Circle Expands its Stablecoin Portfolio With EURC Launch on Solana, Boosting...
Bitcoin News / Bitcoin.com - 2 years ago
The Republic of Palau has announced the launch of the second phase of its stablecoin project. Jay Hunter Anson, a member of the board of directors of Palau’s Ministry of Finance (MOF), declared that the new phase will focus on building a robust...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin outpaces stablecoins in market cap growth& & CryptoSlate
Cryptocoins News / Finance Magnates - 2 years ago
There is a rising influx of capital into the cryptocurrency market, as highlighted by the consistent upsurge of the stablecoin Tether (USDT). This is according to a report released by KuCoin Research, which showcased that the correlation between the...
Cryptocoins News / CoinJournal - 2 years ago
Basel Committee proposes maturity limits for stablecoin reserve assets. Overcollateralization required for longer-term assets to ensure stability. Credit quality criteria defined for reserve assets to bolster stablecoin stability. In a move to enha...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin to surge to $80K as stablecoins overtake Visa in 2024 — Bitwise& & Cointelegraph
Bitcoin News / Bitcoin.com - 2 years ago
In a combination of both traditional and decentralized finance (defi) sectors, S&P Global Ratings has announced the launch of its stablecoin stability assessment. The latest tool aims to evaluate the ability of stablecoins to maintain their value...
Cryptocoins News / Finance Magnates - 2 years ago
Deutsche Bank's asset management arm, DWS, has joined forces with the crypto investment firm Galaxy Digital and the liquidity provider Flow Traders to introduce a joint venture focused on creating a EUR-denominated stablecoin. Bridging Traditional an...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin (BTC) Price Remains Stable as November CPI Numbers Align with Forecasts& & CryptoPotato
Bitcoin News / Google News Bitcoin - 2 years ago
Palau Declares First Phase of Stablecoin Pilot a Success – Bitcoin News& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 2 years ago
The Republic of Palau has stated that the first phase of its limited stablecoin pilot was a success in a recently released report. The document also indicates that future phases of the project will focus on extending the reach of the stablecoin, with...
Bitcoin News / Bitcoin.com - 2 years ago
During Q4 of 2023, the stablecoin supply available to invest in crypto assets was $3.8 billion. This is the first time the net supply of the top five stablecoins has turned positive in nearly two years. In 2023, zero-knowledge (ZK) technology became...
Bitcoin News / Bitcoin.com - 2 years ago
Tether, a leading stablecoin company in the crypto industry, has announced a significant new initiative aimed at strengthening the security of the crypto asset ecosystem. The company announced this weekend that its recent move to voluntarily freeze t...
