Swiss Central Bank Dreads Scary Foreign Stablecoin Crypto – CCN Markets
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Stablecoin
Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’
Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS)Binance USD available later this monthIn a press release shared with CryptoX on Sept. 5,
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Binance Launches Dollar-Backed Crypto Stablecoin With NYDFS Blessing
Crypto exchange Binance is launching a dollar-backed stablecoin in the U.S. Moreover, the new Binance USD (BUSD) has received the blessing of the New York Department of Financial Services (NYDFS). The exchange announced Thursday that NYDFS had approved the
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Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report
Crypto exchange Bitfinex shareholder Zhao Dong has claimed that sister firm Tether plans to release a version of the stablecoin backed by a basket of commodities such as gold, crude oil and rubber.In private correspondence with CryptoX on Sept. 3, Dong said that the idea of issuing Tether (USDT)
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ECB Questions Stablecoin Stability Amidst Regulatory Uncertainties
Stablecoins are not immune to uncertainties. Those are the sentiments shared by the European Central Bank (ECB). According to the regulator, stablecoin stability could be hampered by the uncertainties stemming from the lack of regulations. Uncertainties The fact that regulatory pressures do affect fiat currencies is one of the tailwinds that could take
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Crypto Giant Binance Introduces New Stablecoin Development Project: Venus
The crypto exchange giant Binance is here to make good of its goal to push forward the crypto world yet again through the launch of a new blockchain project dubbed Venus, which is touted the “independent regional version of Libra.”Yi He, Binance co-founder, stated:“We believe that in the near and
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Crypto Exchange Binance Announces New Stablecoin Initiative
Cryptocurrency exchange Binance has announced that it’s launching a project that will develop cryptocurrencies and digital assets pegged to fiat currencies around the world. Dubbed Venus, the “localized” stablecoin initiative will see the firm utilize its existing infrastructure, such
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