UK Government to Introduce Stablecoin Regulation After UST Collapse
The government of the United Kingdom confirms it will bring stablecoins under its regulatory framework as the first step in its wide-reaching plans to regulate crypto…
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Did Do Kwon hijack DeFi complexity to mask a classic Ponzi scheme?
The government of the United Kingdom confirms it will bring stablecoins under its regulatory framework as the first step in its wide-reaching plans to regulate crypto…
Decentralized stablecoin UST lost its dollar peg, dropping to as low as $0.6841. Meanwhile, its sister token Luna dropped by around 50%.
The legislation is considered as "the most comprehensive and well-thought-out stablecoin" bill to date.
While MIM's recent low liquidity instance didn't significantly harm UST's dollar peg, it did impact it briefly.
Diem aims to sell the project's intellectual property to return capital to its investors.
Dollar pegged stable coins witnessed increased volatility as investors flocked to them during the recent market capitulation.
USD Coin flips Tether dominance, but only on prohibitively expensive Ethereum.
PayPal is exploring a stablecoin, while CEO Dan Schulman has previously noted interest in DeFi. What comes next?
The US Senate urges stablecoin issuers to choose between three different regulatory models, including operating under a bank charter.
CBDCs could pose a threat to the $2.4 quadrillion Forex market if currencies become closed to foreign investors.
Until Congress creates legislative clarity, the executive branch may start to set the tempo.
As of H1 2021, stablecoins - USDT, USDC, and others - made an impressive transaction volume of nearly $3 trillion.