Australian senator releases draft bill to push for crypto regulation
Australian liberal senator Andrew Bragg introduced a draft bill for regulations on digital asset exchanges and Chinese banks provisioning digital e-Yuan.
Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
Russia is developing a digital platform that will allow it settle cross-border transactions with more friendly countries using commodity-backed stablecoins.
Wintermute CEO Evgeny Gaevoy says Tether risks losing ground if it does not improve operational efficiency.
Binance says the move is geared toward enhancing liquidity and capital efficiency for its users.
Today, the stablecoin market is worth a combined $153 billion, with the two most prominent players still $USDT and $USDC.
Further analysis reveals stablecoin exchange withdrawals is a current industry-wide pattern.
Vitalik Buterin says the industry should develop alternatives to fiat linked stablecoins, naming consumer price linked tokens as a viable contender.