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Cryptocoins News / The Cointelegraph ​ - 3 years ago

Mastercard to settle transactions for stablecoin wallet in APAC

Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted. Global payment...

Cryptocoins News / Blockchain  - 3 years ago

Moody warns of stablecoin adoption risk

Moody's Investors Service has warned that the recent turmoil in the traditional banking sector and USDC losing its peg could negatively impact stablecoin adoption and increase calls for regulation. The credit rating agency believes that fiat-backed s...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s

“Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins’ potential volatility,” Moody’s said....

Bitcoin News / Bitcoin.com - 3 years ago

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD...

Cryptocoins News / EthereumWorldNews - 3 years ago

Binance Swapped BUSD In $1 Billion SAFU Fund For TUSD And USDT Stablecoins

Summary: Binance moved BUSD assets from its Secure Asset Fund for Users fund into two other stablecoins – TUSD and Tether USDT.The crypto exchange made the swap with crypto trust company Paxos can no longer mint new BUSD tokens due to regul...

Cryptocoins News / Blockchain  - 3 years ago

Circle's Stablecoin USDC Affected by Collapsed Bank

Circle's USDC stablecoin briefly de-pegged after news that $3.3 billion of its cash reserves were stuck with collapsed bank Silicon Valley Bank. USDC's dollar peg has since recovered, but mass redemptions have led to a drop in the stablecoin's market...

Cryptocoins News / Blockchain  - 3 years ago

KuCoin Ventures Invests in Yuan-Pegged Stablecoin

KuCoin Ventures leads a $10 million investment in CNHC, a Chinese yuan-pegged stablecoin issuer and blockchain payment service provider. (Read More)

Bitcoin News / Bitcoinist - 3 years ago

National Australia Bank Successfully Carries Out Self-Issued Stablecoin Transaction

Stablecoins have become an integral part of the multiple developments and improvements that are ongoing in the crypto sphere and cryptocurrency networks are not the only systems executing new developments in the digital currency space. Some banks ar...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

KuCoin leads $10M funding for Chinese yuan stablecoin issuer

Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan. The investment arm of major cryptocurr...