stablecoins

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)

Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
October 17, 2023  |  CBDC

Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Speaking Tuesday (Oct. 17) at...

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Tether Appoints Chief Technology Officer Paolo Ardoino as New CEO
Tether Appoints Chief Technology Officer Paolo Ardoino as New CEO
October 13, 2023  |  Personnel

Stablecoin provider Tether has appointed its chief technology officer, Paolo Ardoino, as its new CEO, effective from December.  Ardoino will succeed Jean-Louis van der Velde, who will transition to...

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Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
October 05, 2023  |  Banking

The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and...

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$4 Million in Crypto Swiped in FTX Hack Resurfaces
$4 Million in Crypto Swiped in FTX Hack Resurfaces
October 01, 2023  |  Cryptocurrency

Roughly $4 million in cryptocurrency stolen from FTX last year is reportedly back in circulation. As Coindesk reported, blockchain data shows that around 2,500 ether tied to an...

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Circle Says Stablecoins Are Not Securities in SEC Case Against Binance
Circle Says Stablecoins Are Not Securities in SEC Case Against Binance
September 29, 2023  |  Cryptocurrency

Circle, the issuer of the USDC stablecoin, has reportedly filed a brief in the Securities and Exchange Commission’s (SEC) case against Binance, one of the...

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The US Has Passed Zero Crypto Legislation Since FTX Collapsed
The US Has Passed Zero Crypto Legislation Since FTX Collapsed
September 28, 2023  |  Cryptocurrency

In terms of the cryptocurrency industry, the U.S. legislative landscape has been remarkedly static. In the almost 11 months since the former face of crypto,...

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BIS Head: ‘Outdated’ Laws Holding Up CBDC Development
BIS Head: ‘Outdated’ Laws Holding Up CBDC Development
September 27, 2023  |  CBDC

Nearly every country on Earth has a central bank digital currency (CBDC) project in play. However, nearly 80% of the world’s central banks are either...

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Binance and MUFB Plan to Launch 3 Stablecoins in Japan
Binance and MUFB Plan to Launch 3 Stablecoins in Japan
September 26, 2023  |  Cryptocurrency

Binance is planning to launch three stablecoins in Japan next year. The world’s largest cryptocurrency platform is working with Japan’s Mitsubishi UFJ Trust and Banking...

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Venmo Begins Rollout of PayPal USD Stablecoin to Users
Venmo Begins Rollout of PayPal USD Stablecoin to Users
September 20, 2023  |  Cryptocurrency

PayPal USD (PYUSD) has made its debut on Venmo, offering select users a regulated, dollar-denominated stablecoin that is 100% backed by U.S. dollar deposits, short-term U.S. Treasuries...

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