Cryptocurrency Analysis and News Portal
Other jurisdictions like the European Union and even the U.K. have taken more stringent approaches to regulating stablecoins, particularly after one such cryptocurrency, terraUSD, rapidly lost parity with the U.S. dollar last year, leading to the collapse of not just the issuer but a string of other prominent players in
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The Federal Reserve Banks of Boston and New York published a staff report on Sept. 26 comparing stablecoins, such as Tether (USDT) and USD Coin (USDC), to money market funds. Key findings in the report include the observation that stablecoins and money market funds follow similar patterns during runs and
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An executive at the cryptocurrency exchange Binance said in a public hearing with the European Banking Authority (EBA) that it plans to delist stablecoins for the European market by June 2024. Marina Parthuisot, the head of legal at Binance France, said that since no project has yet to receive approval, “we
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An executive at cryptocurrency exchange Binance said in a public hearing with the European Banking Authority (EBA) that it plans to delist stablecoins for the European market by June 2024. Marina Parthuisot, head of legal at Binance France, said that since no projects have yet been approved, “we are heading to
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A new report has shown that the adoption of PayPal’s PYUSD stablecoin has seen less than favorable adoption rates since its inception.
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Decentralized stablecoins may eventually dominate the stablecoin market, so long as crypto “ends up living up to its potential,” says Rune Christensen, the co-founder of DeFi pioneer MakerDAO.Speaking to Cryptox’s Andrew Fenton at the Korea Blockchain Week 2023, Christensen aired his thoughts on the future of decentralized stablecoins such as
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"The three licenses together provide us the ability to provide the service, and as far as we know, we are the first to do so in Singapore," Bai said. "As a licensed platform with securities, custodial services and digital payment token licenses, MetaComp and its parent company are dedicated to
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Amidst the rollercoaster of cryptocurrency prices, stablecoins promise stability. Yet, with varying levels of resilience and recent depegging events causing concern, the question arises: Are all stablecoins really that stable? In the ever-changing world of digital assets, cryptocurrencies like Bitcoin (BTC) were pioneering, bringing decentralization into the spotlight. However, the potential
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Amidst the constant price swings and uncertainties that plague the crypto market, stablecoins have become an invaluable asset for investors and traders.
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Coinbase has reportedly increased interest rates on USDC holdings to 5%, marking a notable improvement from the 4% rate introduced earlier in the year. The San Francisco-based crypto exchange hiked the interest offered to holders of its USD Coin (USDC) to 5%, only months after effecting another increase that doubled the
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