Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal
On-chain data shows the Bitcoin stablecoin supply ratio is now showing a green signal that has proved to be profitable for the
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Stablecoin
BofA Says Crypto Exchange Binance to Benefit From Increased Supply of Its own Stablecoin
The automatic conversion of other stablecoins could increase BUSD supply by $908 million, the bank said. Source
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Fed Vice Chair Brainard Calls for Crypto-Specific Regulations, Notes Stablecoin Risks
“We have seen that the crypto financial system has all the same risks that we’re very familiar with from traditional finance,” she said in a speech at the Clearing House and Bank Policy Institute 2022 annual conference on Wednesday. But given the unique characteristics of crypto, there's a need for
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A Stablecoin Law May Not Happen This Year
That being said, the bill isn’t dead. Rep. Maxine Waters (D-Calif.), who chairs the committee, and Rep. Patrick McHenry (R-N.C.), who is the ranking member, are the lead negotiators on this effort, and they’re both coming back in the new year (though it’s possible their titles will be swapped). Source
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Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision – Bitcoin News
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to
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DeFi Platform Curve Finance Takes First Steps Toward crvUSD Stablecoin
Details on the actual usage of crvUSD are scanty at writing time, and Curve developers denied sharing more information about the tokens with CoinDesk. Original Source
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Who Benefits From Binance Converting USDC to Its Own Stablecoin?
Gaevoy’s, and perhaps Binance’s, argument is that this cuts out steps for USDC users who want to trade on Binance. People can still issue USDC as before, deposit it on Binance, do what they want to do and withdraw in USDC. Notably, exchange FTX has had automatic conversion of USDC,
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Russia Exploring Stablecoin Settlements With Friendly Nations: Report
Tass quoted Russia’s Deputy Finance Minister Alexey Moiseyev as saying, “We are currently working with a number of countries to create bilateral platforms in order not to use dollars and euros. We offer mutually acceptable tokenized instruments that will be used on these platforms, which are essentially clearing platforms that
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Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD – Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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Binance to Convert Users’ USDC, USDP, TUSD Into Its Own Stablecoin BUSD
The action effectively removes the world's second biggest stablecoin USDC, with a market cap of nearly $52 billion (compared to USDT's $67.5 billion) as a tradeable asset on Binance's platform. The move is also a blow to Circle Internet Financial, the issuer of USDC. Source
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