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

SEC Stablecoin Actions Take Aim at Crypto Market Backbone
SEC Stablecoin Actions Take Aim at Crypto Market Backbone
February 22, 2023  |  Cryptocurrency

Gary Gensler’s 2023 resolution must have been to reign in the crypto industry. This, as the U.S. Securities and Exchange Commission (SEC) chairman has issued...

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With 1B Users as Goal, Coinbase CEO Turns 2023 Focus to Regulation
With 1B Users as Goal, Coinbase CEO Turns 2023 Focus to Regulation
February 21, 2023  |  Earnings

Coinbase is focused on controlling what can be controlled and contingency planning for what can’t. This, as a year full of idiosyncratic events, battered the crypto...

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TerraUSD and Luna Founder Charged by SEC and Reportedly Hiding
TerraUSD and Luna Founder Charged by SEC and Reportedly Hiding
February 16, 2023  |  Cryptocurrency

The company and founder behind cryptocurrencies TerraUSD and Luna have been charged with defrauding investors. The Securities and Exchange Commission (SEC) said in a Thursday...

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Regulators Clear Stablecoin Path for Reluctant Banks 
Regulators Clear Stablecoin Path for Reluctant Banks 
February 15, 2023  |  Payment Methods

The regulators’ crackdown may chill private firms’ clamor to mint and issue stablecoins. And pave the way for banks to take the lead in stablecoin...

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SEC and NYDFS Heat Puts Binance-Branded Paxos Stablecoin on Ice 
SEC and NYDFS Heat Puts Binance-Branded Paxos Stablecoin on Ice 
February 13, 2023  |  Cryptocurrency

The U.S. Securities and Exchange Commission (SEC) is doubling down on its regulation-by-enforcement approach. It is also getting a little local help from the New...

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PayPal Pauses Stablecoin Project Amid Paxos Regulatory Scrutiny
PayPal Pauses Stablecoin Project Amid Paxos Regulatory Scrutiny
February 12, 2023  |  Cryptocurrency

PayPal is reportedly pausing its stablecoin project amid heightened scrutiny around the cryptocurrency industry. The payments company had wanted to unveil the stablecoin in the...

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Tether Releases Attestation Report Showing $960M Excess Reserves
Tether Releases Attestation Report Showing $960M Excess Reserves
February 09, 2023  |  Cryptocurrency

Tether has released a report showing excess reserves and a shift of assets in Treasury bills. The attestation report completed by public accounting firm BDO...

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Latin America’s Bitso Offers Circle-Issued Euro Coin Stablecoin as Payments Option
Latin America’s Bitso Offers Circle-Issued Euro Coin Stablecoin as Payments Option
January 12, 2023  |  Cryptocurrency

Bitso is now offering the Circle-issued, euro-denominated Euro Coin (EUROC) to its customers and clients as a payments option. The Latin American crypto-powered financial services company has...

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Report: DOJ Investigating Saber Stablecoin Exchange Founders
Report: DOJ Investigating Saber Stablecoin Exchange Founders
January 12, 2023  |  Cryptocurrency

The Department of Justice is reportedly investigating the founders of Solana stablecoin exchange Saber Labs. The investigation targets brothers Ian and Dylan Macalinao, CoinDesk reported Wednesday (Jan....

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