‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS
Stablecoins lack crucial mechanisms that guarantee money market stability in fiat, and an operational model that gave regulatory control to…
Tag: #Stablecoin
Tether plans major expansion into BTC mining with $500M investment: Report
Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the…
Paxos to issue USD stablecoin in Singapore, wins initial approval
Crypto infrastructure firm Paxos has secured in-principle approval from Singapore’s regulator for a new entity that’s planning the launch of…
Tether credits USDT growth surge to ETF excitement, emerging markets
Tether (USDT), the largest stablecoin by market value, has been breaking new records over the course of 2023, with its…
Stablecoin firm Tether minted 4B USDT in 4 weeks: Data
Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month.…
Progmat stablecoin platform takes shape as wallet, liquidity providers join
The Progmat Coin ecosystem is taking shape in Japan. With a market maker, wallet provider and cryptocurrency exchanges on board,…
Stablecoins ‘not a safe store of value’: BIS
The Bank of International Settlements (BIS), a coalition of the world’s central banks, criticized stablecoins as being “not a safe…
EU banking watchdog proposes liquidity rules for stablecoin issuers
The aim of the new liquidity guidelines is to ensure that the stablecoin can be quickly redeemed even during turmoil…
Stablecoin issuer Circle weighing up 2024 public launch: Report
USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg. A Nov.…
Wintermute claims NEAR backed out of $11M stablecoin redemption deal
The NEAR Foundation and Aurora allegedly reneged on an offer to convert $11 million worth of USN stablecoins, Wintermute founder…