Browsing: stablecoins

The Hong Kong Stablecoin Oversight and Adjudication Office has stated that only fiat-collateralized stablecoins backed by legal tender will be permitted. This announcement clarifies the regulatory framework surrounding stablecoins within the region. The office emphasizes…

Paxos CEO Charles Cascarilla underscored the significant impact of stablecoins on global payment systems during his address at the Federal Reserve’s Payments Innovation Conference. He emphasized that stablecoins offer a reliable and efficient means of…

Following the 10/11 Crash, Tether and Circle have collectively minted stablecoins valued at $15 billion. This significant increase in stablecoin supply reflects the ongoing demand in the market. Tether and Circle are notable players in… (via Bpaynews real-time desk)

Circle has reported that USDC has crossed the $1 billion mark on-chain, with a significant portion, $900 million, originating from the BNB Chain. This milestone highlights the growing adoption and utilization of USDC within the… (via Bpaynews real-time desk)

The South Korean regulatory agency is evaluating the possibility of permitting technology companies to create their own stablecoins. This potential move could significantly impact the digital currency landscape in the country. By allowing tech giants…

Stablecoins, often seen as a safe haven in the volatile cryptocurrency market, are facing scrutiny over their stability and reliability. Despite their intended purpose, some stablecoins have exhibited significant fluctuations, raising questions about their backing…

Headline: BoE outlines plan to regulate sterling stablecoins with temporary holding caps The Bank of England is moving toward formal oversight of sterling-denominated stablecoins as they edge closer to mainstream use in payments and settlement.…

policy for stablecoins Canada has approved a budget that promotes a policy framework for stablecoins. This decision aims to enhance the regulatory landscape surrounding digital currencies. The budget includes measures designed to ensure that stablecoins… (via Bpaynews real-time desk)

RWA-Backed Stablecoins Obex has secured $37 million in funding to create a platform akin to Y Combinator, aimed at developing stablecoins backed by real-world assets (RWA). The funding round was led by Framework and Sky.… (via Bpaynews real-time desk)

Deutsche Börse plans to incorporate Societe Generale’s MiCA stablecoins into its core market systems. This move aims to enhance the trading and settlement processes within the exchange. The integration of these stablecoins is expected to…