Tag: Stablecoin
Fed’s Governor: Stablecoins Could Back Dollar’s Reserve Status
Reading time: < 1 minuteIn a recent statement, Federal Reserve Governor Christopher Waller expressed his support for stablecoins as they are likely to strengthen the status of the US dollar as a reserve currency.
EU Regulators Urge Companies to Restrict Non-compliant Stablecoins
Reading time: < 1 minuteIn response to the European Commission’s guidelines, the European Securities and Markets Authority (ESMA) released a statement on January 17 urging crypto asset service providers (CASPs) to take immediate action against stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA).
Ripple Partners with Chainlink to Boost RLUSD
Reading time: < 1 minuteThe RLUSD stablecoin, designed to maintain a 1:1 ratio with the U.S. dollar, aims to showcase the expertise of Ripple in both the cryptocurrency and traditional financial industries.
Hong Kong Advances in Adoption of a New Stablecoin Bill
Reading time: < 1 minuteThe government of Hong Kong is taking steps to introduce the Stablecoins Bill, aimed at establishing a comprehensive regulatory framework for digital assets. The bill was made public on 6 December and was first presented to the Legislative Council on 18 December.
Harbour Teams with Velocity Labs to Launch Instant Stablecoin Payment Between EU Banks and Polkadot
Reading time: 2 minutesLondon, UK, 19th December 2024, Chainwire
Flipster and OverProtocol Announce Partnership with $200,000 USDT Giveaway
Reading time: 2 minutesWarsaw, Poland, 17th December 2024, Chainwire
BiT Global Sues Coinbase
Reading time: < 1 minuteBiT Global has filed a $1 billion lawsuit against Coinbase, accusing the exchange of unjustly removing Wrapped Bitcoin (WBTC) from its platform in favor of promoting its own competing product, cbBTC.
Coinbase Will Delist USDT
Reading time: < 1 minuteCoinbase has issued a warning to its users. The company has stated that it may remove stablecoins that do not comply with the Markets in Crypto-Asset Regulations (MiCA), including the popular Tether stablecoin (USDT).
Circle’s USDC Becomes First Stablecoin to Comply with Canada’s Regulations
Reading time: < 1 minuteUSDC issuer Circle has announced that its USD-pegged token has become the first of its kind to comply with upcoming listing rules laid out by Canada’s securities regulator.
New York Regulator to Approve Ripple’s RLUSD Stablecoin
Reading time: < 1 minuteThe New York Department of Financial Services (NYDFS) is considering granting approval to Ripple Labs’ RLUSD stablecoin as early as next week.
