Polkadot-based aUSD Stablecoin fell by 99% After Hackers Issued 1.2 Billion Tokens
Acala has become the most recent Defi protocol to come under attack, as hackers issued 1.2 billion aUSD on August 14 and saw a 99%...
Tag : stablecoin
Stablecoin Rules must be Implemented With Urgency, According to the European Central Bank
In light of the rapid expansion of the stablecoin market, the European Central Bank recently indicated that additional regulatory supervision of stablecoins must be put...
Checkout.com Becomes the First PSP to Offer 24/7 Stablecoin Settlement
Checkout.com, a global payment processor, has introduced a new stablecoin settlement system that will allow merchants to receive crypto payments from their customers in real-time,...
Japan Passes Bill Clarifying Legal Status of Stablecoins
Japan has enacted a significant bill defining the legal status of stablecoins, leapfrogging other nations in the rush to establish safety nets around the tokens...
Stablecoins Fail to Meet Requirements for Massive Use, Bank of England Says
As a result of the recent TerraUSD crash, which dropped to zero over the course of many days, sliding below parity, a Bank of England...
Britain’s Finance Ministry Will Adapt Existing Rules to Deal With Any Stablecoin Collapse
Following the crash of Terra’s stablecoin earlier this month, the UK Treasury has proposed a new insolvency regime to safeguard consumers’ assets, as Britain’s finance...
The Terra Luna Disaster Will Bring New Regulations to Cryptocurrencies
Increasing interest rates and the threat of a recession have resulted in severe sell-offs throughout the capital sector, such as the stock market. Many crypto...
Shiba Inu Is Finishing the Development of Its Stablecoin
The Shiba Inu ecosystem’s updates have been consistent as developers have worked hard on it, and the following financial components of Ryoshi’s Vision are nearing...
Terra (LUNA) and UST Status Update
The price of Terra (LUNA) has fallen as the network’s TerraUSD (UST) stablecoin lost its peg. LUNA has dropped by more than 50% in the...
According to the IMF, DeFi Platforms are Needed to Take Advantage of Their Benefits While Mitigating Their Risks
The International Monetary Fund (IMF) in a recent report considers Decentralized Finance (DeFI) a risk to global financial stability, especially as it continues to grow...