Stablecoins
Three Japanese banks to issue compliant stablecoins on ‘Japan Open Chain’
The Japanese banks are expected to issue legally backed stablecoins that can be used in Ethereum wallets like MetaMask.
stablecoins
Latest stories
Stablecoins
20 global currency stablecoins to form International Standards Body
Although stablecoins pegged to the US dollar currently dominate the market, recent developments have shown the importance of diversifying.
Regulation
SEC Commissioner Hester Pierce wants regulator to defer stablecoin regulation to Congress
Wall Street Journal reported that the SEC was investigating whether stablecoins are products issued in violation of investor-protection laws.
Stablecoins
Binance CZ says stablecoin regulation would boost adoption
CZ said on Feb.1 that stablecoins regulation could help accelerate its adoption and commended Hong Kong's "decided approach."
DeFi
Ondo Finance launches tokenized US Treasuries, bonds for stablecoin holders
Ondo Finance's three investment products offer returns between 4.62% and 8.02% annually.
Stablecoins
Adoption grows as more than $7T settled with stablecoins in 2022
The total value settled with stablecoins this year surpassed the settlement value at Mastercard, which processed around $2.2 trillion in value in 2022.
Stablecoins
Bitfinex holds the highest amount of Tether(USDT) at 60%, exchange balances surpass ATH
Despite recently losing 1% of its USD peg, Tether has 60% of its entire supply held across various exchanges with Bitfinex holding the largest share.
Stablecoins
New York court orders Tether to provide documents on USDT reserve
Tether must also provide information about its accounts at Bittrex, Bitfinex, and Poloniex.
Crypto
Research: USDT, USDC exchange balance going in opposite directions
The balance of USDT on exchanges doubled in the past year reaching $17.7 billion, while USDC saw the $7 billion it recorded earlier this year drop to $2.1 billion.
Research
Research: Ethereum is recovering its dominance over stablecoins
Ethereum's price recovery led it to recover its dominance over stablecoins, with its market cap now standing at just over $243 billion.
Regulation
US lawmakers propose bank-like regulation for stablecoin issuers
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.
Regulation
Gensler says SEC can consider tailoring rules for crypto industry compliance
Gensler said several crypto companies have been non-compliant with offering unregistered securities to investors.