Stablecoins

After reaching billion-dollar highs in November, stablecoin dominance is retracting.  Data from The Tie stated that a collection of more than 30 value-pegged tokens were worth $137.5 billion on November 11 – representing about 19% of the…
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Emurgo has built methods for simple deployment of the soon-to-be-launched token into the structure of the USDA stablecoin. By the end of the first quarter (Q1) of 2023, Emurgo, the official commercial arm and a founding business of the…
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As crypto exchange Binance witnessed the largest stablecoin outflows totaling $2.159 billion in 24 hours, CEO Changpeng Zhao (CZ) warned his staff of turbulent times. He expects the next several months to be bumpy. But CZ reassured his…
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Silvergate Capital has halted its stablecoin plans because of a disappointing earnings report and plunging stock. It recorded quarterly earnings of $1.28 per share for Q3 2022, missing estimates of $1.45. Whilst Silvergate Bank’s digital…
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Patrick McHenry, the top House Financial Services Committee Republican, claims the Biden administration is holding up the stablecoin bill. He believes the bill can still pass Congress. But it’s up to the administration to come to the…
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The Chairman of the Federal Reserve, Jerome Powell, at the FOMC press conference recently stated that stablecoins hold the potential to be an efficient and useful part of the financial system. They only needed to be regulated properly. The…
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The Financial Services and Markets bill gives the Bank of England the power to limit the reach of the Financial Conduct Authority in regulating payments systems using digital settlement assets. The new legislation, presented by the UK…
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Terra's Difficult Post-Collapse Path: VCs Retreating, Regulators Buying Stablecoins The tragic fall of Terra has shaken the world of investors. Some are trying to salvage whatever they can while others regret even engaging with the…
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Industry sources say the UK government is set to reveal its plans for the regulation of the crypto market with a focus on stablecoins. Rishi Sunak, the British Finance Minister, is expected to make an announcement in the coming weeks about…
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Terra which is among the top 10 crypto projects based on market capitalization achieved a milestone recently for its UST. The nonprofit organization LFG (Luna Foundation Guard) reported that this protocol reached its maximum daily release…
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