News about STABLECOINS

News about Stablecoins

Reinventing Stablecoins?

Ruling the headlines on the BSC network is now a norm for the Mars Ecosystem. Armed with some of the highest APRs in the DeFi space and an ever-growing TVL, the team recently earned a Monthly Star in the Binance Smart Chain “Most Valuable Build...

Powerful blockchain lobby group urges Washington not to overregulate stablecoins

The stablecoin market is valued at over $130 billion and growing rapidly, putting federal regulators on high alert over systemic risk. A high-profile blockchain lobby...

Crypto lobby says stablecoins should not be subjected to new rules

The lobby group says regulators should not treat stablecoins as investment products A US-based cryptocurrency lobby group has called on US regulators not to subject asset-backed stablecoins to new rules, Reuters& reported on Monday. The Chamber o...

Terra and Abracadabra Team Up to Challenge Centralized Stablecoins - The Defiant

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The False Utopia of CBDCs and Why Decentralized Stablecoins Like $DAI Reign Supreme. Being backed by a collateral ultimately assures the holder that the asset is not made out of thin air and holds intrinsic value, unlike the case with CBCDs

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G20 Finance chiefs want stablecoins regulated before approval

The regulatory focus on stablecoins follows efforts by governments to launch central bank digital currencies A meeting involving finance chiefs from the world's top 20 largest economies has called for more oversight over the stablecoin sector as part...

Crypto Billionaire says he needed to buy Billions worth of Stablecoins because Banks did not want to do Business with him or his Company

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Economics of Algo Stablecoins

We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile)TLDR:Most of them are still at a nascent stage and went live less than one year ago. Thus, some of the current issues can certainly be attributed to the lack of time s...

Mastercard says they will work with CBDCs, stablecoins and cryptocurrencies

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Stablecoins Must Be Backed By Cash, Says Pro Crypto Senator Cynthia Lummis

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Fed Chair Jerome Powell differentiated between regulating stablecoins and banning Bitcoin and other cryptocurrencies.

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Wyoming Sen. Cynthia Lummis, a vocal crypto supporter, said Wednesday that stablecoins should be fully" backed by cash and cash equivalents, and this should be audited regularly... Stablecoins have an important role to play moving forward."

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Visa Unveils 'Layer 2' Network for Stablecoins, Central Bank Currencies

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Stablecoins Reserve Surges Up Again, Dry Powder For Bitcoin’s Next Big Move?

Data shows stablecoins volume has surged up once again. Past pattern may suggest that this accumulation could be dry powder for Bitcoin’s next big move. Bitcoin Stablecoins Reserve Rises Up Again As pointed out by an analyst in a CryptoQuant po...

Staking stablecoins

I'm looking into staking stablecoins (say BUSD for an example) as an alternative to holding money in a savings account as the returns are ~5% as compared to most bank accounts being ~1.5%. Is there some issue that I'm missing or risk involved...

HSBC CEO backs CBDCs against crypto and stablecoins

Banking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level. HSBC, the largest European bank with total assets...

What Did The SEC’s G. Gensler Say To The WaPo About Stablecoins And Evergrande?

The Chairman of the Securities Exchange Commission, Gary Gensler, showed his cards. He spoke with legacy-media-operation The Washington Post and host David Ignatius for their series “The Path Forward” and spilled the beans. We at NewsBTC...

does anyone know why LP rewards are so high for ETH right now? especially with stablecoins? normally rewards for ETH are very low, like below 5%

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SEC chair compares stablecoins to casino poker chips

"We’ve got a lot of casinos here in the Wild West, and the poker chip is these stablecoins at the casino gaming tables," said Gary Gensler. United St Securities and Co...

Analyst Puts New Bitcoin ATH For October As Stablecoins Start Pumping Into BTC

Bitcoin analyst says new ATH in October is likely as on-chain data shows stablecoins may have started to pump into BTC. Stablecoins Reserve Starts Moving Down, Bitcoin To Reach New ATH In October? As explained by an analyst on CryptoQuant, after stay...

Gary Gensler, the SEC head who wants to prevent retail from getting 4% APR on their stablecoins because "it is a security", is worth $119 Million. These guys are definitely not acting in the interests of the common people.

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Calling out all DeFi enthusiasts, which are your favourite stablecoins? Mine's gotta be crypto-collateralised coins since by being collateralised, the risks of a bank-run is negated (as we saw in Titan Finance previously)

submitted by /u/freesuma [link] [comments]

Algorand chosen for European stablecoins and by Colombia for vaccine passports

Algorand making big moves again. Besides being recently adopted by El Salvador, it seems like they are continuing to make big steps to intergovernmental legitimacy. Algorand has been chosen for the creation of European stablecoins with E-money. Addit...

US Treasury Department Officials Discuss ‘Risks and Benefits Posed by Stablecoins’ With Players From Financial Industry

The U.S. Treasury Department is reported to have held meetings with participants from the country’s financial industry to discuss “the risks and benefits posed by stablecoins.” In addition, officials are said to have used...

Kim Kardashian is recklessly pumping "Ethereum MAX" scam to her 250M followers on Instagram. This is the kind of scam the SEC must put a stop to, not prevent people from earning interest on their stablecoins. There are securities fraud laws against celeb

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