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Stablecoins News

Get the latest news on stablecoins–cryptocurrencies that are pegged to a fiat currency.

Private but regulated tokens could beat CBDCs, Australian central bank chief says

Monica Noronha · 2 days ago · 2 min read

Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes

Liam 'Akiba' Wright · 2 days ago · 8 min read

Circle shuts down critics with on-going disclosures on USDC reserve assets

Following mounting criticisms, including claims of insolvency, Circle has committed to monthly disclosures on its reserve assets. The latest report shows an over-collateralization of $134 million.

Samuel Wan · 5 days ago · 2 min read

Principles for Financial Market Infrastructures should be applied to stablecoins: BIS

The transfer function of stablecoins makes stablecoin issuers similar to FMIs and should, therefore, adhere to the PFMI, the report said.

Monica Noronha · 6 days ago · 3 min read

Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials

The meeting between both authorities focused on issues that included “sustainable finance, crypto assets, and stablecoins.”

Oluwapelumi Adejumo · 6 days ago · 2 min read

Russian’s Central Bank and Ministry of Finance clash over stablecoins

The Russian government agencies disagree on the viability of stablecoins, but perhaps a compromise can be reached in developing a ruble-backed stablecoin.

Samuel Wan · 6 days ago · 2 min read

FSB to submit crypto and stablecoin regulation recommendations in October

The FSB said it will submit two public consultation reports on regulating cryptocurrencies and stablecoins, which pose risks to financial stability.

Monica Noronha · 1 week ago · 2 min read

Boris Johnson resignation may halt U.K. crypto regulations

Boris Johnson's recent half-given resignation may shuffle the background settlements on U.K.'s crypto regulations, if there is any.

Zeynep Geylan · 1 week ago · 2 min read

Tether reveals how it returned funds to Celsius following liquidation

A BTC loan to Celsius was liquidated "without loss" by Tether. The process resulted in excess funds being returned to Celsius as Tether aimed to "minimize" the effect on the market

Liam 'Akiba' Wright · 2 weeks ago · 2 min read

Aave proposes stablecoin to rival MakerDAO’s DAI

The proposed stablecoin GHO will be overcollateralized, pegged to the U.S. dollar, and backed by Aave Protocol collaterals.

Monica Noronha · 2 weeks ago · 1 min read

Shiba Inu to launch SHI stablecoin, TREAT reward token in 2022

Shytoshi Kusama says Shiba Inu developers are focused on completing Ryoshi plan for the meme token ecosystem.

Oluwapelumi Adejumo · 2 weeks ago · 2 min read

Jeremy Allaire refutes allegations Circle is on the brink of insolvency

Circle CEO Jeremy Allaire refuted claims that the company is struggling and said Circle is in the "strongest position it has ever been in financially."

Samuel Wan · 2 weeks ago · 2 min read

Tether reducing commercial paper holdings down to $3.5 billion by end-July

The stablecoin issuer is making good on its promise to reduce its commercial paper holdings and have more of its reserves held in US Treasuries.

Abdulrasaq Ariwoola · 3 weeks ago · 1 min read

Stablecoins put on notice as EU lawmakers agree on landmark MiCA framework

Although MiCA will bring much needed regulatory clarity, crypto firms will face stricter rules under the new framework.

Samuel Wan · 3 weeks ago · 2 min read

Biden administration official hints at stablecoin legislation that could come into force this year

According to the official, the President's Working Group on Financial Markets are actively exploring the space and looking to have the law come into force by the end of this year

Abdulrasaq Ariwoola · 3 weeks ago · 2 min read

Banks’ exposure to risky cryptocurrencies should be limited to 1%, Basel Committee proposes

This means banks can hold 1% of its core reserves in cryptocurrencies. For banking mammoths like JP Morgan, this means billions of dollars.

Monica Noronha · 3 weeks ago · 2 min read

Circle inks custody deal with New York Community Bancorp

This partnership will see New York Community Bank become a custodian of Circle’s USDC stablecoin.

Jinia Shawdagor · 3 weeks ago · 1 min read

Tether responds to the increase in hedge funds shorting USDT

Paolo Ardoino responds to reports that hedge funds have short bets on Tether's stablecoin USDT via crypto brokerage Genesis Global Trading.

Liam 'Akiba' Wright · 3 weeks ago · 2 min read

Tether to launch new stablecoin token pegged to British pound

Tether CTO Paolo Ardoino hopes GBP₮ can support the U.K's plans to become a significant crypto hub.

Samuel Wan · 4 weeks ago · 2 min read

U.S. Fed says recent strain highlights ‘structural fragilities’ in stablecoin sector

The Fed states that vulnerabilities in stablecoins may be further heightened by the absence of transparency about the riskiness and liquidity of assets backing them.

Abdulrasaq Ariwoola · 4 weeks ago · 2 min read

$248M stablecoins flow out of Coinbase as community refutes exchange liquidity issues

Polygon soars 70% following development updates, Disney accelerator

Ethereum’s centralized dApps may overshadow the decentralization of proof-of-stake

Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes

Samsung’s new mining chips will be 45% more efficient

3AC liquidators are trying to secure Singapore assets of the hedge fund

Bankruptcy lawyers believe Celsius customers may have to wait years for settlement

Start-ups turn to crypto-native messaging platforms

Private but regulated tokens could beat CBDCs, Australian central bank chief says

Asia-focused multi-currency stablecoin protocol, Bluejay Finance, raises $2.9M in funding

SIMBA Chain and Equideum Health Announce Partnership To Build Web3 Health Data Exchange

New Blockchain-Based Gaming IP ‘Emboldn’ Promises Gameplay-First Experience

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Stablecoins News

Circle shuts down critics with on-going disclosures on USDC reserve assets

Principles for Financial Market Infrastructures should be applied to stablecoins: BIS

Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials

Russian’s Central Bank and Ministry of Finance clash over stablecoins

FSB to submit crypto and stablecoin regulation recommendations in October

Boris Johnson resignation may halt U.K. crypto regulations

Tether reveals how it returned funds to Celsius following liquidation

Aave proposes stablecoin to rival MakerDAO’s DAI

Shiba Inu to launch SHI stablecoin, TREAT reward token in 2022

Jeremy Allaire refutes allegations Circle is on the brink of insolvency

Tether reducing commercial paper holdings down to $3.5 billion by end-July

Stablecoins put on notice as EU lawmakers agree on landmark MiCA framework

Biden administration official hints at stablecoin legislation that could come into force this year

Banks’ exposure to risky cryptocurrencies should be limited to 1%, Basel Committee proposes

Circle inks custody deal with New York Community Bancorp

Tether responds to the increase in hedge funds shorting USDT

Tether to launch new stablecoin token pegged to British pound

U.S. Fed says recent strain highlights ‘structural fragilities’ in stablecoin sector

Shiba Inu to launch SHI stablecoin, TREAT reward token in 2022

Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes

Biden administration official hints at stablecoin legislation that could come into force this year

Tether reveals how it returned funds to Celsius following liquidation

Private but regulated tokens could beat CBDCs, Australian central bank chief says

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