Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
The stablecoin issuer is making good on its promise to reduce its commercial paper holdings and have more of its reserves held in US Treasuries.
Although MiCA will bring much needed regulatory clarity, crypto firms will face stricter rules under the new framework.
According to the official, the President's Working Group on Financial Markets are actively exploring the space and looking to have the law come into force by the end of this year
This means banks can hold 1% of its core reserves in cryptocurrencies. For banking mammoths like JP Morgan, this means billions of dollars.
This partnership will see New York Community Bank become a custodian of Circle’s USDC stablecoin.
Paolo Ardoino responds to reports that hedge funds have short bets on Tether's stablecoin USDT via crypto brokerage Genesis Global Trading.
Tether CTO Paolo Ardoino hopes GBP₮ can support the U.K's plans to become a significant crypto hub.
The Fed states that vulnerabilities in stablecoins may be further heightened by the absence of transparency about the riskiness and liquidity of assets backing them.
USDC issuer Circle fails to address claims its account addresses can be blocked rendering funds inaccessible.
