Binance USD Supply Increases Amid Heated Stablecoin Wars
The aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge
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Stablecoin
EU Stablecoin Caps Could Lighten or Get Tougher, French Official Warns
Limits on stablecoins not denominated in euros were among the most controversial elements of the European Union’s Markets in Crypto Assets law. Source
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Near Foundation Urges Winding Down of USN Stablecoin, Sets Aside $40M
According to the statement, DCB recently contacted the Near Foundation to advise it that USN had become undercollateralized, a condition that is "inherent" with algorithmic stablecoins, especially in "extreme market conditions." DCB further confirmed, according to the foundation, that there was also double-minting of USN, which contributed to the undercollateralization. Source
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A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’
FTX CEO Sam Bankman-Fried (SBF) said the rise of Binance stablecoin BUSD could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months. Bankman-Fried's recent comments come a month after Binance pushed ahead with plans to auto-convert a host of stablecoins supported on its
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Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months – Altcoins Bitcoin News
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth comes at a time when the market valuations of the top two stablecoins tether and usd coin have shed some
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Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin
The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Settlements (BIS) Innovation Hub, has a unique structure that reflects the intricacies of the existing system for issuing money in Hong
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El emisor de stablecoin Tether pondrá a disposición USDT en 24.000 cajeros automáticos de Brasil
Los usuarios podrán enviar USDT desde cualquier billetera, incluso los exchanges, a un cajero, le comentó a CoinDesk Rocelo Lopes, CEO de SmartPay. A partir de febrero, la empresa les permitirá a los clientes depositar reales y recibir USDT en sus billeteras. Source
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Stablecoin Issuer Tether to Make USDT Available at 24,000 ATMs in Brazil
The conversion of tether to Brazilian reals and vice versa will be managed by local crypto services provider SmartPay in conjunction with TecBan, which owns the ATMs. Original Source
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Crypto Bank Silvergate to Miss Goal of Offering Stablecoin This Year
“We're certainly disappointed that it looks like we're gonna miss our goal of launching it this year,” Lane said on Silvergate’s earnings conference call Tuesday. The company, Lane added, is working diligently to build its operational and regulatory compliance “muscle” to ensure a smooth launch. Source
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Kevin O’Leary Expects Bitcoin to Go up When Stablecoin Transparency Act Passes – Markets and Prices Bitcoin News
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects the price of bitcoin to go up when the Stablecoin Transparency Act passes, which he believes could be soon after the November midterm elections. O’Leary emphasized that crypto cannot be stopped, stating: “You either join the wave or get lost.” ‘Regulations Come,
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