Search Results for "stablecoin"
Japan to Adopt New Stablecoin Regulations
Japan's Financial Services Agency (FSA) is trying to legalise stablecoin distribution. New 2023 legislation enable stablecoins like Tether (USDT) and USD Coin (USDC).
MakerDAO Keeps USDC as Primary Collateral for Dai
MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.
Facebook Taps Coinbase to Offer Custody Services for Novi Digital Wallet Rollout
Facebook is launching Novi digital wallet. The social giant has hired Coinbase to serve as a custody partner.
Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin
Two UK firms employ ATM stablecoins to make Britain a "crypto centre."
Paxos Trust Company Disagrees With U.S. Securities
Paxos, a stablecoin issuer, received an SEC Wells notice earlier this month and "categorically denies" that BUSD is a securities.
Russia Collaborates With Other Countries to Setup Stablecoin Cross-border Clearing Platform
Russia is already working with several countries to establish clearing platforms for cross-border settlements of stablecoins, according to the state-backed TASS news agency.
BTSE Becomes 1st Exchange to Offer Perpetual Futures Trading for Overcollateralized Stablecoin
Crypto exchange BTSE has become the first to offer perpetual futures trading for the world's newest stablecoin- US Decentralized (USDD).
Hong Kong's New Stablecoin Regime: What Indian Start-ups and Exchanges Need to Know
Hong Kong's new Stablecoins Bill mandates licenses for fiat-backed stablecoins, effective August 2025, offering Indian firms a regulated offshore base for crypto.
Citizens Trust Bank Holds $65 Million in USD Coin reserves
Citizens Trust stated the USDC reserves would support financial literacy and small business funding.
Argentina Fighter Guido Cannetti Accepts Salary in Stablecoin
Argentina athlete Guido Cannetti of the world's leading mixed martial arts competition Ultimate Fighting Championship (UFC) announced that his salary will be paid in full in stablecoin USDC.
FinTech Association of Hong Kong Supports HKMA's Risk-Based Approach to Regulate Stablecoins
The FinTech Association of Hong Kong said that it is in principle supportive of the Hong Kong Monetary Authority's January discussion paper on crypto assets and stablecoins.
Tether Implements Wallet-Freezing Policy Aligned with US Regulations
Tether's wallet-freezing policy, in line with US OFAC regulations, is a proactive approach to cybercrime, setting a new standard in the crypto industry.