The Big Issues of Stablecoin Issuance
Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation. Original Source
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Stablecoin
What’s in the House Financial Services Committee’s Stablecoin Bill?
Another section calls for a study on “the potential impact” of a central bank digital currency (CBDC), or digital dollar, on the Fed’s monetary policy tools, U.S. financial sector, banking sector and financial stability, as well as to payment services. The Treasury Department, alongside the various regulators, would have to
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Israel’s central bank says CBDC could be issued if stablecoin use increases
The Bank of Israel says it's preparing an action plan for the potential issuance of a central bank digital currency (CBDC),though a formal decision has yet to be made.On April 17, the Bank of Israel Steering Committee on the Potential Issuance of a Digital Shekel outlined possible scenarios for the
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BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules
The new rules will look to regulate stablecoins like commercial bank money, “including the requirement that the coins should be redeemable from the stablecoin arrangement, in fiat money, at par value and on demand,” Cunliffe said. Stablecoins, however, will not receive protection against failure in the same way that commercial
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Draft U.S. Stablecoin Bill Shows Major Difference Between Stablecoins and CBDCs
Yeah, yeah – studies and briefings are just studies and briefings, but the conversation around CBDCs in Washington D.C. will be critically important. If the U.S. government does implement a CBDC one day, it should be done in a way that maintains personal privacy and doesn’t allow the government to
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Tether market cap eyes record high after regaining 65% stablecoin dominance
Tether (USDT) has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the U.S.On April 17, the U.S. dollar-pegged stablecoin's circulating market valuation reached nearly $81 billion, just 1.5% below its record high of $82.29 billion from a year ago. It has grown about 20%
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Circle exec to join US Congressional committee hearing on stablecoin payments, legislation
The United States House Committee on Financial Services will hold a hearing on April 19 to discuss stablecoins’ position as a means of payment and whether the ecosystem needs supporting legislation.The committee issued a memorandum to announce an upcoming hearing titled: “Understanding Stablecoins’ Role in Payments and the Need for
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US House Committee Publishes Draft Stablecoin Bill
The bill, available on the Committee's hearing page, represents the first major piece of crypto legislation to move in 2023. It creates definitions for payment stablecoin issuers, echoing a term former Senator Pat Toomey (R-Pa.) used when he introduced his own stablecoin bill in 2022. The bill also calls for
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Ondo Finance Plans Yield-Generating Stablecoin Alternative for Institutional Investors
Enter Flux Finance, a decentralized finance protocol backed by Ondo that functions as a permissionless touchpoint and, crucially, makes it accessible to retail investors. Allman says one way retail investors can access OMMF’s yield without owning the security outright is by lending non-yield stablecoins like USDT and USDC into Flux,
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Stablecoin less preferable form of tokenized money, BIS paper finds
The singleness of money is the assurance that public and private money trade at the same rates. Even small differences between public and private money rates can have a ripple effect across transactions. A Bank of International Settlements (BIS) working paper compared models of private tokenized money in terms of
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