Thursday, June 1, 2023
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Binance Japan Representative Says Stablecoins Are ‘the Glue’ Between the Real Economy and Blockchain

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DeFi Platform Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East

Stablecoins anchor their price to an external asset, usually to a government-issued fiat currency, and allow cheaper and faster transactions using blockchain technology. Despite its growing adoption in developing countries, U.S. dollar-denominated stablecoins dominate the market, representing roughly 99% of the combined supply, according to CoinGecko data. Source

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EU Banks Could Access Stablecoins More Easily Under Commission’s Leaked Capital Plans

“The uncertainty and conservatism inhibits deal-making in the short term, much of which is to pilot, test and improve banks’ experience and understanding of this market in a controlled manner,” Sahir Akbar, managing director of prudential regulation at lobby group the Association for Financial Markets in Europe (AFME), said of

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EU Could Veto Large Stablecoins During Approval Process Under MiCA, EBA Signals

In answer to a further question from former U.S. Commodity Futures Trading Commission Chairman Timothy Massad, Campa also appeared to share concerns voiced by the U.S. central bank, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency that stablecoins on decentralized, permissionless blockchains could prove unsafe or

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