Stablecoin

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

Source: en.wikipedia.org

Yellen Says US Must Address Vulnerabilities in ‘Shadow Banking’
Yellen Says US Must Address Vulnerabilities in ‘Shadow Banking’
March 30, 2023  |  Digital-First Banking

U.S. Treasury Secretary Janet Yellen wants more oversight for the nonbank sector. In remarks to the National Association for Business Economics annual conference Thursday (March 30), Yellen addressed the...

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White House Economic Report Shifts Stance on Crypto From Neutral to Negative
White House Economic Report Shifts Stance on Crypto From Neutral to Negative
March 23, 2023  |  Cryptocurrency

It’s increasingly looking like the fed is trying to put the crypto sector to bed. This, as a new report authored by the White House Council...

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FinTech Circle Applies for French License and Registration to Deploy its EUROC Stablecoin
FinTech Circle Applies for French License and Registration to Deploy its EUROC Stablecoin
March 21, 2023  |  Regulation

Circle is furthering its embrace of regulation by applying for approvals in France. The digital financial technology firm has filed applications in France to become a...

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Banking Crisis Contagion Spreads to Crypto
Banking Crisis Contagion Spreads to Crypto
March 16, 2023  |  Cryptocurrency

Crypto has gone off the rails – quite literally.  Just not in the way industry observers and critics may have first thought or expected. Rather,...

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Circle’s Troubles Could Stoke Demand for Regulation of Stablecoins
Circle’s Troubles Could Stoke Demand for Regulation of Stablecoins
March 13, 2023  |  Cryptocurrency

There could be greater demand for regulation of stablecoins after USDC briefly lost its dollar peg. Regulators had already been looking at stablecoins, and the...

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Circle Promises to Cover $3.3 Billion Held at Silicon Valley Bank
Circle Promises to Cover $3.3 Billion Held at Silicon Valley Bank
March 12, 2023  |  Cryptocurrency

Circle says it is confident it will recover $3.3 billion in reserves held at Silicon Valley Bank. The announcement Saturday (March 11) led Circle’s USDC...

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Can Crypto’s Value Proposition Ever Translate Into Real Value?
Can Crypto’s Value Proposition Ever Translate Into Real Value?
March 07, 2023  |  Cryptocurrency

In crypto’s post-FTX landscape, one thing is becoming increasingly clear as the dust settles.   Either the U.S. has a crypto problem, or the digital asset...

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Tether Holdings Allegedly Used Falsified Documents to Access Banking System
Tether Holdings Allegedly Used Falsified Documents to Access Banking System
March 03, 2023  |  Cryptocurrency

Companies behind the tether stablecoin allegedly used falsified documents to access the banking system, according to a report. In 2018, after Wells Fargo had stopped...

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Coinbase Suspends Trading of Rival Binance’s BUSD Stablecoin 
Coinbase Suspends Trading of Rival Binance’s BUSD Stablecoin 
February 27, 2023  |  Cryptocurrency

Crypto exchange Coinbase is dropping the Binance-branded BUSD stablecoin from its platform. According to a tweet posted Monday (Feb. 27) by Coinbase, the BUSD stablecoin failed to...

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