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Bitcoin News / Bitcoin.com - 3 years ago

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supp...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Regulation and risk: Factors driving demand for a euro-backed stablecoin

The world’s second most widely held reserve currency seems to be underrepresented in the stablecoin space. Stablecoins are a type of cryptocurrency offering investors...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Unstablecoins: Depegging, bank runs and other risks loom

Stablecoins are facing the wrath of regulators amid doubts over reserves and contagion fears. Could a bank run lead to a major depegging? Stablecoins are entering a pe...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27

United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency....

Cryptocoins News / EthereumWorldNews - 3 years ago

Binance’s $1.8 Billion Stablecoin Collateral Transfer Is Similar To FTX: Forbes

A report by Forbes found that Binance transferred nearly $1.8 billion worth of stablecoins collateral to hedge funds last year.& The beneficiaries included Justin Sun, Cumberland, and Sam Bankman-Fried’s Alameda Research.& Forbes has claimed...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Is the SEC’s action against BUSD more about Binance than stablecoins?

The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance. Binanc...

Cryptocoins News / Blockchain  - 3 years ago

Circle CEO Criticizes SEC Stablecoin regulations

As payment systems, stablecoins are not securities, according to Circle's CEO. (Read More)

Bitcoin News / Bitcoin.com - 3 years ago

BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization,...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Yield platform Stablegains sued for promoting UST: Finance Redefined

DeFi market saw another exploit this past week on the Platypus protocol, resulting in a loss of over $8 million. Welcome to Finance Redefined, your weekly dose of esse...

Bitcoin News / Bitcoinist - 3 years ago

SEC Shouldn’t Regulate Crypto Stablecoins, Says Circle CEO

Circle chief Jeremy Allaire has reacted to the recent spree of enforcement actions by the US Securities and Exchange Commission (SEX) and other agencies in the crypto industry. In an interview with Bloomberg, the Circle boss shared his views regardin...