The New US Crypto Draft Would Put a 2-Year Ban on Algorithm Stablecoins
New algorithm stablecoins such as TerraUSD Classic (USTC), which de-pegged from the US dollar early this year, would face a two-year prohibition under draft legislation...
Tag : stablecoins
Crypto Regulations Should be Similar to Traditional Bank Rules, Says Fed Vice Chair
Vice Chair for Supervision at Federal Reserve in his first address after assuming office, Michael S. Barr asserted that cryptocurrency activity requires the same level...
China’s BSN Chairman Labels Bitcoin a Ponzi and Stablecoins as “Fine if Regulated”
Despite the government’s ban on all cryptocurrency transactions last year, the Chinese media and government authorities still caution the people against using cryptocurrencies like Bitcoin....
Tether To Launch GBP₮, A Sterling-Pegged Stablecoin
According to a press release, Tether, which is the issuer of the most popular stablecoin that is linked to the U.S. dollar, wants to extend...
USDD Loses Parity with the Dollar and Stands at $0.97, Is There a Danger?
Tron’s newly introduced algorithmic stablecoin USDD lost its dollar peg on Monday, dropping to a low of $0.97 on CoinMarketCap....