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Cryptocoins News / The Cointelegraph ​ - 2 years ago

BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’

A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money. Andrew Bailey, a B...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

MiCA's stablecoin transaction cap stifles crypto adoption, say lawyers

With a $216 million cap to be imposed on stablecoins such as USDT and USDC, some say crypto adoption could be “stifled” under MiCA unless it changes. Stablecoin use co...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin

“Issuing a stablecoin pegged to the Hong Kong dollar not only helps to solidify Hong Kong’s leadership in the blockchain sector but also propels the progress of the digital Hong Kong doll...

Cryptocoins News / Blockchain  - 2 years ago

HKUST Vice-President Urges Hong Kong to Issue Stablecoin HKDG

According to TKWW, key figures including HKUST Vice-President suggest that the Hong Kong government should issue its own stablecoin, referred to as HKDG, as a strategic move to bolster the city's digital economy. (Read More)

Bitcoin News / Bitcoin.com - 2 years ago

Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June

The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token eco...

Cryptocoins News / CoinStats - 2 years ago

Stablecoins: Sustainability of Their Pegs

While cryptocurrencies have a viable monetary role as a medium of exchange, they are inherently too volatile to be used as a unit of account or a store of value. The unreliable nature of popular cryptocurrencies like bitcoin is the reason why crypto...

Bitcoin News / Bitcoinist - 2 years ago

Stablecoins Are Anything But ‘Stable,’ Italy’s Top Bank Claims

Stablecoins, the digital assets designed to maintain a stable value by pegging them to traditional currencies, have come under scrutiny once again. Italy’s prominent banking authority has raised concerns about the instability of these supposed...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Italy’s central bank calls for framework to prevent stablecoin runs

Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.” Italy’s top banking authority has called for a “...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

RBI lists risks of stablecoin for developing economies, calls for global regulation

The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto. Stablecoin has a lot of pote...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

RBI lists risks of stablecoins for developing economies, calls for global regulation

The Reserve Bank of India listed six specific ways a stablecoin can undermine emerging markets, adding to its mounting case against crypto. Stablecoins have a lot of...