Crypto
What is the Purpose-Bound Money Concept Proposed by Singapore?
The PBM protocol would allow senders to set conditions including how long the money is valid and on which platforms it can be used.
Total Stories
79
News
Stablecoins
Section
Stablecoins
Crypto
Stablecoins Better Suited for Yuan’s International Appeal, Not CBDCs: Circle CEO
Circle CEO believes a stablecoin pegged to a yuan could prove more effective in terms of internationalizing the country’s national currency.
Crypto
Binance to Slash Maker Fees for TUSD Spot and Margin Pairs
Earlier this year, TrueUSD became the fifth-largest stablecoin by market cap, propelled by its increasing role on Binance.
Crypto
Tether Used Chinese Securities to Back its Top Stablecoin, Filing Reveals
At one point, part of USDT reserves consisted of securities issued by the Agricultural Bank of China, China Construction Bank, and Industrial Commercial Bank of China.
Crypto
USDT’s Market Cap Hits New ATH at $83.25B While Other Stablecoins Shrink
As opposed to USDT, both USDC and BUSD saw their market caps shrink in May 2023.
DeFi
Num Finance Completes $1.5M Pre-Seed Round to Expand Stablecoins in Emerging Markets
DeFi protocol Num Finance recently announced it had raised $1.5 million in a Reserve-led pre-seed funding round.
Crypto
Stablecoins Become Safe-Haven Assets in Inflation-Struck Argentina and Turkey
Turkey and Argentina have the highest ownership rate of digital currencies worldwide at 27.1% and 23.5%, respectively.
Crypto
U.S. House Financial Services Committee Unveils Draft Stablecoin Legislation: Key Insights
The new draft bill includes a two-year ban on stablecoins that aren't backed by reserve assets.
Policy
BoE’s Bailey: Banks Shouldn’t Overlook Commercial Digital Money
According to Andrew Bailey, stablecoins have a credible claim to being digital money—but only if regulated in the same way as other forms of money.
Banking
How Stablecoins Can Gain from Silvergate’s Demise
With one of the biggest fiat-to-crypto rails shutting down, it might be the time for stablecoins to shine.
Policy
CFTC Seeks Jurisdiction Over Stablecoins, ETH In Lieu Of Clear Framework
According to CFTC’s Rostin Behnam, Ethereum and stablecoins are commodities.
DeFi
Binance Likely Looking at TUSD as BUSD’s Replacement After Regulatory Action
In search for a new stablecoin, Binance boosts DeFi projects.
Crypto
Binance’s BUSD Was Once a Top Stablecoin, But Now Rendered Obsolete by Regulations
Following the demise of BUSD, both USDT and USDC gained more inflows than other alternatives combined.