More / Etherum Reddit - 9 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 - 9 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 - 9 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 - 9 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 - 9 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 - 9 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....
Cryptocoins News / The Cointelegraph - 9 months ago
Soramitsu is developing a cross-border payment system that uses Cambodia’s CBDC and targets Japan, India, China and Southeast Asia. Japanese blockchain startup Soramit...
Cryptocoins News / The Cointelegraph - 9 months ago
The United Kingdom government could rebalance the power between the Bank of England and the country’s principal financial regulator, the Financial Conduct Authority. T...
Bitcoin News / Bitcoin.com - 9 months ago
Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated, s...
Bitcoin News / Bitcoinist - 9 months ago
In a notable move that highlights the growing acceptance and potential of stablecoins in modern payment systems, PayPal has announced the launch of its payment stablecoin PYUSD.
This development comes shortly after the House Financial Services Commi...
Bitcoin News / Bitcoin.com - 9 months ago
In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave’s gho (GHO) and First Digital’s stablecoin FDUSD. These dollar-tied tokens have rapidly gained momentu...
Cryptocoins News / The Cointelegraph - 9 months ago
A proposed U.S. national defense bill could subject stablecoins issuers to Know Your Customer and Anti-Money Laundering requirements they would be unable to comply with, says Berenberg an...
by COINS NEWS - 9 months ago
People would have expect that bitcoin would have been the medium of exchange in countries suffering from high inflation, but no, guess what, dollar stablecoins are what people use to move money around. people suffering from inflations want dollar sta...
Cryptocoins News / The Cointelegraph - 9 months ago
Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm. Stabl...
Bitcoin News / Bitcoinist - 9 months ago
Stablecoins have been gaining traction in the financial world, prompting discussions about their significance and potential risks. In an eye-opening interview, Timothy Massad, the former chairman of the US Commodity Futures Trading Commission, recent...
Cryptocoins News / Finance Magnates - 9 months ago
Binance,
which initially targeted relaunching its crypto exchange services in Japan last
month, now has its eyes set on August 2023 for the rollout. Changpeng Zhao, the
Founder of the world’s largest digital asset exchange, disclosed this today
(Tues...
Cryptocoins News / The Cointelegraph - 9 months ago
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility. The former chairman of the Unite...
Bitcoin News / Bitcoinist - 9 months ago
In South Korea, numerous private banks are actively researching tokenized deposit technology as a viable alternative to both private stablecoins and central bank digital currencies (CBDCs). Top banks in the region have shown considerable interest in...
Bitcoin News / Bitcoinist - 10 months ago
The G20 nations have witnessed a significant development in global regulation for cryptocurrencies. On Monday, the Financial Stability Board, an international body supported by the Bank for International Settlements and consisting of representatives...
Bitcoin News / Google News Bitcoin - 10 months ago
Bank of England Governor Blasts Bitcoin (BTC) and Stablecoins, Touts Other Forms of Digital Money& & The Daily Hodl
Bitcoin News / Bitcoin.com - 10 months ago
The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD’s supply has dropped below the 4 billion mark as the token ...