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Cryptocoins News / The Cointelegraph ​ - 3 years ago

Hong Kong will not tolerate algorithmic stablecoins in new regulation

The new regulatory regime for stablecoins in Hong Kong should arrive no later than 2024. In the key principles of its upcoming regulatory framework, the Hong Kong Mone...

Bitcoin News / Bitcoinist - 3 years ago

Ripple Lands New Country For A Stablecoin Pilot Project, XRP Involved?

In a piece of news that went undetected within the crypto community for a few days, the Southeastern European country of Montenegro has announced a partnership with Ripple. The country’s prime minister, Dr. Dritan Abazović tweeted about the pil...

Bitcoin News / Bitcoin.com - 3 years ago

Stablecoin Economy Sheds Another $3 Billion in 44 Days

The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coi...

Cryptocoins News / EthereumWorldNews - 3 years ago

Cardano Decentralized Exchanges Back Djed Stablecoin Launch

Summary: MinSwap and MuesliSwap will support Cardano’s stablecoin Djed with token listings as well as liquidity pools to attract investors.Crypto exchange Bitrue will also list the coin and its governance token Shen.Developers expect to la...

Bitcoin News / Bitcoin.com - 3 years ago

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit

Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Moody’s to build scoring system for stablecoins: Report

Moody's is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets. Risk assessment firm Moody's Corporation is allegedly devel...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries

Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization. St...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Algorithmic stablecoin market share dropped by 10x from ATH: Report

The stablecoin market, in general, is going through hard times, though the algorithmic coins suffered the most. The notorious failure of the Terra USD (UST) stablecoi...

Bitcoin News / Bitcoinist - 3 years ago

Cardano Stablecoin Djed Launch Confirmed, ADA Poised For $1?

The stablecoin Djed is expected to drive new growth and new use cases in the burgeoning decentralized finance (DeFi) space of the Cardano ecosystem. In recent weeks, the Djed developer, COTI Network, has stated that the stablecoin will definitely be...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Stablecoins and CBDCs might play 'meaningful role' in payments — Visa CEO

Visa began working on a blockchain interoperability project in September 2021 to support CBDC and stablecoin adoption but few updates have been made since. The chief...

Bitcoin News / Bitcoin Magazine - 3 years ago

After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin

With their newly-announced stablecoin experiment doomed to fail, Russia and Iran will soon learn Bitcoin is the solution that they want.This is an opinion editorial by Q Ghaemi, a stocks and bitcoin analyst and author of the Qweekly Update newsletter...

Cryptocoins News / Blockchain  - 3 years ago

Japan to Adopt New Stablecoin Regulations

Japan's Financial Services Agency (FSA) is trying to legalise stablecoin distribution. New 2023 legislation enable stablecoins like Tether (USDT) and USD Coin (USDC). (Read More)