Bitcoin News / Bitcoin.com - 3 years ago
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, th...
Cryptocoins News / Blockchain - 3 years ago
Brazilian investment bank BTG Pactual has launched its own stablecoin, BTG Dol, which is pegged to the value of the US dollar on a 1:1 ratio. The stablecoin will allow customers to "dollarize" a portion of their equity and will facilitate interaction...
Cryptocoins News / The Cointelegraph - 3 years ago
At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars through the bank’s Signet platform....
Cryptocoins News / The Cointelegraph - 3 years ago
The new U.S. dollar-pegged stablecoin aims to help BTG Pactual’s customers interact between the traditional financial system and the digital economy. Major Brazilian i...
Bitcoin News / Bitcoinist - 3 years ago
The cryptocurrency exchange Binance has recently observed its largest stablecoin net outflow in history, as revealed by a report.
Binance Has Seen Large Stablecoin Withdrawals Recently
Binance has been under some regulatory pressure from the US gover...
Cryptocoins News / Blockchain - 3 years ago
Recent failures of established financial institutions, such as Silicon Valley Bank and Signature Bank, have highlighted the potential for distress to spread to the decentralized finance (DeFi) sector. The depegging of stablecoins, including Circle's...
More / Bitcoin Reddit - 3 years ago
There is so much attention on US regulation right now that people seem to forget that Bitcoin is a global phenomena. If it gets pressured on one end in the world it will pop out on the other end. Imagine what will happen if the US is banning Bitcoin...
Cryptocoins News / The Cointelegraph - 3 years ago
A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional...
Cryptocoins News / The Cointelegraph - 3 years ago
Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts. Binance’s native stablecoin — Binance USD (BUSD) —...
Cryptocoins News / Finance Magnates - 3 years ago
With high fees,
long transaction times, and the danger of currency fluctuations, cross-border
payments have always been difficult for individuals and businesses equally.
However, the rise of stablecoins has opened up new avenues for efficient and
saf...
Cryptocoins News / Blockchain - 3 years ago
A panel of digital regulatory experts at the World of Web3 (WOW) Summit in Hong Kong discussed the future of regulated stablecoins. The group concluded that regulated stablecoins are likely to remain in use by 2030 and that their growth rate in the m...
Bitcoin News / Bitcoinist - 3 years ago
Since the Silicon Valley Bank (SVB) fallout negatively impacted Circle’s USD coin (USDC), the stablecoin has recorded significant outflows. This massive withdrawal from USDC indicates investors have started ditching the stablecoin for other assets.
A...
Bitcoin News / Bitcoin.com - 3 years ago
Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose...
Cryptocoins News / The Cointelegraph - 3 years ago
Digital regulatory professionals have predicted the wide use of stablecoins worldwide by 2030, despite the current competition between TradFi and DeFi. Regulated stabl...
Cryptocoins News / The Cointelegraph - 3 years ago
Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues. The collapses of banks like Silv...
Cryptocoins News / Finance Magnates - 3 years ago
<p class="MsoNormal">The growth of
cryptocurrencies in recent years has offered a new method of performing
financial transactions. The usage of stablecoins for remittances is one of the
most potential applications of this technology....
Cryptocoins News / Finance Magnates - 3 years ago
<p class="MsoNormal">Since Bitcoin's
beginnings in 2009, cryptocurrencies have gone a long way. While Bitcoin and
other cryptocurrencies such as Ethereum and Litecoin have grown in popularity,
they remain highly volatile and unsu...
Cryptocoins News / CoinJournal - 3 years ago
Key Takeaways
$23.6 billion of stablecoins are currently on exchanges, the least since October 2021
45% of stablecoins have fled exchanges in the last four months
61% of USDC has left exchanges in the three weeks since Silicon Valley Bank’s co...
Bitcoin News / Bitcoin.com - 3 years ago
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million i...
by COINS NEWS - 3 years ago
One thing that probably all of us here would agree on is that the stablecoins market in Crypto is very questionable. While it is something we need for DeFi and various other applications, we should also be aware that a large percentage of stabl...
Bitcoin News / Bitcoin.com - 3 years ago
According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two...