Stablecoins

What Are Stablecoins?

A “stablecoin” is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price. Cryptocurrencies such as Bitcoin and Ethereum offer a number of benefits, and one of the most fundamental is not requiring trust in an intermediary institution to send payments, which …

What Are Stablecoins? Read More »

Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation

<div class=”featured_image_container”> </div> <strong>The head of the Russian parliamentary committee on financial markets and the country’s first crypto law’s author is forecasting a “surge in token issuance” for 2021 in the wake of the promulgation expected to take place in January.</strong> Russian Parliament Expects a ‘Surge in Token Issuance’ for 2021 After Crypto Law Promulgation …

Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation Read More »

Survey: 1 in 4 Senior Executives in Uruguay Have Used Cryptocurrencies

Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will … read more. 2020’s …

Survey: 1 in 4 Senior Executives in Uruguay Have Used Cryptocurrencies Read More »

Coin Center Donations Top $100K Worth of Dai Following Anti-Stablecoin Bill Proposal

Anti-stablecoin legislation has been a boon for donations to Coin Center, a cryptocurrency think tank and policy advocacy group, with the organization receiving over $100,000 in donations — paid out in stablecoins — two days after the bill was introduced.  Cryptocurrency investors, entrepreneurs, and enthusiasts showed strong support for the industry’s leading policy advocacy group …

Coin Center Donations Top $100K Worth of Dai Following Anti-Stablecoin Bill Proposal Read More »

US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation

The U.S. Department of the Treasury wants state and federal regulators to keep a vigilant watch on digital asset innovation. According to a report released on Thursday by the Financial Stability Oversight Council, digital assets are a “particularly good example” of both benefits and potential risks associated with innovation. The report highlighted the ambitions by …

US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation Read More »

US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters

A new U.S. Congressional bill would require stablecoin issuers to secure bank charters and secure regulatory approval prior to circulating any stablecoins. U.S. Representatives Rashida Tlaib (D-Mich.), Jesús “Chuy” García (D-Ill.) and Stephen Lynch (D-Mass.) introduced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act on Wednesday, writing in a press release that it would …

US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters Read More »

USDC Stablecoin Issuer Centre Hires Wall Street Veteran David Puth as CEO

The Centre Consortium, the Coinbase- and Circle-founded project that oversees the USDC stablecoin, has hired Wall Street veteran David Puth as its first CEO. Puth has held senior executive roles at JPMorgan and State Street, and most recently was the CEO of CLS, the foreign exchange settlement provider made up of over 70 big banks …

USDC Stablecoin Issuer Centre Hires Wall Street Veteran David Puth as CEO Read More »

‘Basis Cash’ Launch Brings Defunct Stablecoin Into the DeFi Era

A team of anonymous developers is making what might be called a fork of a project that never launched. Readers of this post will likely see a strong earnings opportunity here, but please be careful. Basis Cash is based on the stablecoin Basis (originally known as Basecoin) that had $133 million in funding before U.S. …

‘Basis Cash’ Launch Brings Defunct Stablecoin Into the DeFi Era Read More »

USDT Towers Over 30 Stablecoins- Tether’s Market Cap Grew by 2 Million Percent in Just Four Years

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/424769″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/728-by-90-2x-1-1.png” alt width=”728″ height=”90″></a></div><strong>During the last two years since the initial bear market after the 2017 bull run, stablecoins have been extremely popular. Today, statistics show that the market capitalization of all the notable stablecoins today is hovering above the $23.9 …

USDT Towers Over 30 Stablecoins- Tether’s Market Cap Grew by 2 Million Percent in Just Four Years Read More »

Coinflex Launches Noncustodial Interest-Bearing Stablecoin on BCH and ETH Networks

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/411174″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/daw_1456x360-45.jpg” alt width=”1456″ height=”360″></a></div><strong>The cryptocurrency exchange Coinflex has announced the launch of a unique interest-bearing stablecoin called Flexusd. The new stablecoin is considered to be the first dollar-backed crypto that pays interest at the base level. Moreover, the new token is …

Coinflex Launches Noncustodial Interest-Bearing Stablecoin on BCH and ETH Networks Read More »