In a recent move by BlackRock Inc., a leading asset manager, the firm has highlighted the potential risks stablecoins pose to the Bitcoin market in
Category: Stablecoin
Verified USD Foundation Announces USDV Stablecoin Launch, Know More Here
The verified USD Foundation, a non-profit organization developing a sustainable and progressive stablecoin ecosystem, recently announced plans to launch Verified USD (USDV) stablecoin. The USDV
EBA Drafts Liquidity & Capital Rules For Stablecoin Issuers Under MiCA
To provide financial stability for banks and regulate systematic payments even during turbulence in the crypto market, the European Banking Authority proposed new regulations for
USDC Issuer Circle Mulling IPO IN Early 2024
Stablecoin issuer Circle is reportedly planning to go for an initial public offering (IPO) in early 2024, joining the likes of Coinbase (COIN) among core
Moody’s Report Reveals 609 Depegs in 2023 for Top Stablecoins
In a recent report by Moody’s Analytics, an unsettling pattern emerges within the cryptocurrency landscape. Throughout 2023, large-cap stablecoins, boasting a market valuation exceeding $10
Bank of England Proposes Stablecoin Retail Integration
The Bank of England and the Financial Conduct Authority have outlined a blueprint for integrating stablecoins into the UK’s financial ecosystem. This groundbreaking initiative marks a
Tether Soars with Record 85.7% Cash Reserves in Q3 Report
Tether, a stablecoin issuer, has announced a significant enhancement in its financial stability, according to its Q3 attestation report. The report reveals a record-breaking 85.7%
Tether CTO Slams WSJ Article On Restarting Loans
Tether chief technology officer Paolo Ardoino criticized a Wall Street Journal report that spoke about the company’s USDT denominated secured loans. The report included a
CZ Clarifies On Rumors Of Binance Stablecoin Delisting In Europe
Chief executive officer of crypto exchange Binance Changpeng Zhao or ‘CZ’ has on Wednesday clarified on rumors around the platform’s plans to eventually delist stablecoins
Tether Silently Lending Out USDT Stablecoin Again
Steblecoin issuer Tether Holdings started lending USDT stablecoins to customers a year after the company promised to stop offering secured loans. Tether’s secured loans raised
