Stablecoins News

A proposal to "reset" Vires.Finance has received strong community support in attempting to solve the protocols liquidity crisis.

Singapore's financial regulator confirmed that the impact of Terra's collapse on its economy was minimal and that it is working on stablecoin regulation that will include feedback from the public.

Aave DAO gives development team the greenlight to launch its decentralized stablecoin GHO. Aave users will mint the stablecoin against their supplied collateral.

USDC is expected to have a bigger market cap than Tether in the coming months due to greater compliance and transparency efforts.

IMF Director Tobias Adrian warned crypto investors that macroeconomic factors are expected to put pressure on digital assets, particularly stablecoins.

The stablecoin supply ratio (SSR) shows that the stablecoin supply on exchanges tends to increase significantly when uncertainty hits the market.

A class action lawsuit naming Do Kwon personally as a defendant has been announced by FatMan Terra as he retells his story and why he created the FatManTerra account.

The downturn was triggered by the collapse of TerraUSD in May, which paved the way for market share growth of fiat-backed stablecoins.

The draft bill, which is yet to be completed, requires lawmakers to reach an agreement on issues such as custodial wallet standards.

The app will run on the Holepunch platform, which allows users to connect via text, call, or video via distributed technology.

Stablecoin issuers would be forced to have their reserves backed in conservative assets like cash and US Treasury bonds that would not be vulnerable to market panics.

The Reserve Bank of Australia governor argued that the private sector is better than central banks at innovating tokens.

Invictus Capital ousted its founder and allegedly moved investors' funds into UST and Celsius and refused to exit positions.

Following mounting criticisms, including claims of insolvency, Circle has committed to monthly disclosures on its reserve assets. The latest report shows an over-collateralization of $134 million.

The transfer function of stablecoins makes stablecoin issuers similar to FMIs and should, therefore, adhere to the PFMI, the report said.

The meeting between both authorities focused on issues that included “sustainable finance, crypto assets, and stablecoins.”

The Russian government agencies disagree on the viability of stablecoins, but perhaps a compromise can be reached in developing a ruble-backed stablecoin.

The FSB said it will submit two public consultation reports on regulating cryptocurrencies and stablecoins, which pose risks to financial stability.