Cryptocurrency Analysis and News Portal
A greater share of value is being transferred via stablecoins over the ethereum network than its own native cryptocurrency ether (ETH), according to research conducted by crypto data aggregate Messari.In a recent tweet, research analyst at Messari, Ryan Watkins said stablecoin transfer value had “flipped” ethereum’s native currency, ETH.“This is
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The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox.Elvira Nabiullina, Russia’s central bank head, said that the bank doesn’t assume that those stablecoins will function as a means of payment or become a substitute for money, Russian
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BitPay, a leading bitcoin (BTC) and altcoins payments processor established in May 2011, has added support for top stablecoins including Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX). With this significant development, merchants can now receive stablecoin payments for their goods and services without having
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Controversial cryptocurrency payment processor BitPay has announced it is adding three stablecoins to its list of supported tokens. In a press release on Dec. 10, BitPay confirmed businesses could now accept payment in USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX). All are pegged to the U.S.
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On December 4th, the financial regulator the Financial Stability Oversight Council (FSOC) published an annual report for the year 2019. The report mainly focuses on the popularity of stablecoins and problems rising as these crypto assets expand over a wider range of potential consumers.In the report, a panel of top
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A truckload of risks and concerns still lurk around stablecoins, this supposed stable form of cryptocurrencies, leading to concerns in the EU and other countries.The EU council and Commission took their press section to release a joint statement, clearly proclaiming their take on stablecoins and what must be done before
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No global stablecoin project will begin operation in the European Union (EU) until the associated risks to monetary sovereignty are addressed, according to EU authorities.In a joint statement adopted by the Council of the European Union and the European Commission (EC), the Council and the Commission admitted that stablecoins
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U.S. lawmakers and administration officials including Mnuchin and President Donald J. Trump have warned of the risks to the financial system from cryptocurrencies and stablecoins like Facebook's proposed Libra. But some former officials, including ex-CFTC Chair Christopher Giancarlo, have pushed for faster adoption of blockchains, arguing that the country could
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eToro, the crypto-oriented social trading and brokerage provider, recently published a position paper that stated that in order to get a cryptocurrency project launched, Facebook should focus on stablecoins that are distributed by regulated third parties instead of the company’s own digital currency.Facebook’s cryptocurrency project, Libra, has faced many obstacles
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Blockchain researchers at online brokerage eToro have argued that Facebook should look to support third-party stablecoins, not Libra.According to a Nov. 28 report from Finextra, eToro’s blockchain research unit eToroX Labs believes that while Facebook’s crypto project offers a “trailblazing opportunity” to disrupt financial services worldwide, the social media
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