Bitcoin News / Bitcoinist - 8 months ago
Bankrupt digital asset lender BlockFi has filed a court petition requesting permission to convert the Trade Only assets of its users to stablecoins, thus allowing the withdrawal of these tokens. This development marks the company’s latest effort to r...
Cryptocoins News / CoinJournal - 8 months ago
BlockFi is requesting to convert the assets to Gemini Dollar (GUSD) or another stablecoin
The motion has been backed by the court-recognized BlockFi creditors’ committee.
BlockFi started the process of returning users’ funds on August 16...
Cryptocoins News / The Cointelegraph - 8 months ago
The bankrupt crypto lender’s request marks another step toward the return of users’ funds, which the company began in August. Defunct crypto lending firm BlockFi has a...
by COINS NEWS - 8 months ago
This applies to the people who hold stablecoins, without doing anything with them. Coins should work for you, earning you passive income. If you are holding stablecoins, and you are not putting them into work, you are making a mistake. In that case,...
Bitcoin News / Bitcoin.com - 8 months ago
For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects. Yet, stablecoins...
Bitcoin News / Bitcoinist - 8 months ago
Coinbase, the largest crypto exchange in the US by trading volume, has moved to delist three stablecoins for Canadian users just a few days after its official launch in the country.
Coinbase To Delist RAI, DAI, USDT
In an email sent to customers, th...
Cryptocoins News / Finance Magnates - 8 months ago
The US-based cryptocurrency exchange, Coinbase has announced
its decision to halt trading of prominent stablecoins, namely Tether (USDT),
Dai (DAI), and RAI Reflex Index (RAI), for its Canadian users starting from the
end of this month. This signific...
Bitcoin News / Bitcoin.com - 8 months ago
Argentines are flocking to purchase stablecoins to protect their savings as the peso loses value. Local cryptocurrency sources reported an increase of up to 500% in the crypto volumes moved, mostly in stablecoins like USDT, to shield incomes against...
by COINS NEWS - 8 months ago
Mastercard’s Raj Dhamodharan: We developed a way for you to take a CBDC, wrap it, and bring it to the public chain so it can actually be used to buy an NFT submitted by /u/Odlavso [link] [comments]
Bitcoin News / Bitcoinist - 8 months ago
As Singapore continues to warm up to the adoption of stablecoins in its economy, the Monetary Authority of Singapore (MAS) has released a new regulation to provide more regulatory clarity for the industry.
Stablecoin Regulatory Framework
Singapore’s...
Cryptocoins News / The Cointelegraph - 8 months ago
Redemptions of MAS-regulated single-currency stablecoins will have a longer grace period of five business days despite some arguing that it should be done in real time....
Cryptocoins News / The Cointelegraph - 8 months ago
The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore. Singapore's central bank has relea...
Cryptocoins News / Blockchain - 8 months ago
Cardano's Q2 2023 report by Messari highlights 34.9% stablecoin growth, DeFi expansion, and NFT trends, with promising developments in scaling solutions. (Read More)
Bitcoin News / Bitcoin.com - 8 months ago
Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article, Bro...
More / Etherum Reddit - 8 months ago
PYUSD by paypal has launched. People say it's centralized, it's off chain, it has censorship, bleh bleh bleh. Which is true, but everyone lose the point. The reasion why TradFi is using Ethereum is one, they see it as settlement as a service....
by COINS NEWS - 8 months ago
In an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoin legislation is crucial to redollarizing the world. Stable...
by COINS NEWS - 8 months ago
TL;DR Over the last few days and today in particular comments have been made about stablecoins with PayPal getting the main focus. This area of legislation was addressed at the end of July in the House Financial Services Committee with a BIPARTISAN b...
Bitcoin News / Bitcoin.com - 8 months ago
On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S. Federal...
by COINS NEWS - 8 months ago
US Congressman Patrick McHenry has released a statement calling the Stablecoin a “pillar of our 21st-century payment system.” He stated that the arrival of PayPal’s PYUSD is a “clear signal” of the overall potential of the asset in the modern world....
Cryptocoins News / The Cointelegraph - 8 months ago
FSB starts from the definition of “global stablecoin”, which serves as a means of payment and storage and has the potential for adoption across multiple jurisdictions....