Hong Kong Wants to Regulate Reserve-Backed Stablecoins
Hong Kong has proposed regulations for fiat-referenced stablecoins (FRS) with the aim of establishing a regulatory framework to address associated risks. This initiative was introduced...
Tag : stablecoins
Tether issues 1 billion USDT to control and replenish inventory
Tether Treasury recently generated an additional 1 billion USDT tokens on the Ethereum network, as reported by a blockchain monitoring and analytics platform. This event...
Binance CEO CZ Clarifies the Situation Regarding Stablecoins and MICA Regulation
Binance, the world’s largest cryptocurrency exchange by trading volume, may have to delist multiple stablecoins from its platform next year due to the new MICA...
Stablecoin Market Cap Falls by $1.53 Billion in 30 Days
XRP and Litecoin (LTC) are two of the most popular cryptocurrencies in the market, and they have recently seen a surge in demand from investors....
Crypto Whales and Their Love for Stablecoins
The crypto market is known for its volatility and unpredictability, which can make it challenging for investors to navigate. However, some savvy players have found...
The FED Has Plans to Tackle Concerns Regarding Unregulated Stablecoins
As per the recent development, the FED is geared up to deploy a team of experts to keep checks on developments in the crypto space....
SEC Investigates Violations of Investor-Protection Laws in Stablecoin Issuance
According to recent reports, the Securities and Exchange Commission (SEC) is looking into the possibility of investor protection rules being broken by stablecoins. Stablecoins are...
Bank of America Praises CBDCs and Stablecoins
According to a research paper published by Bank of America on Tuesday, digital currencies, like central bank digital currencies (CBDCs) and stablecoins, represent the natural...
Media Attacks Tether of Rising Loan Risk; Tether Hits Back
The Wall Street Journal (WSJ) released an article on December 1 accusing the tether stablecoin’s developer company of increasingly leasing its coins to clients rather...
Report: Korean Regulators Say Cryptos Are Vulnerable to Money Laundering
The Financial Services Commission (FSC) of South Korea is proposing an investigation into the number of stablecoins being used on cryptocurrency exchanges while putting a...