European Securities and Markets Authority brands digital currency ‘volatile’
The report views digital currency a trending innovation in finance, but also a threat to the sustainability of financial services due to its environmental impact.
Latest stablecoin News
Diem not impressing Washington even with rebranding efforts: report
Facebook has faced an uphill task bringing regulators onboard with its Diem payment system, even after pouring millions into lobbying and rebranding efforts.
Tether desperately trying to stop NYAG probe results from going public
The Office of the Attorney General received a Freedom of Information Law (FOIL) request at the end of June, demanding material associated with the settlement agreement reached between the NYAG and Tether/Bitfinex.
Tether links to questionable ‘market makers’ yet another cause for concern
The fact that billions in fresh capital allegedly continue to pour into Tether’s coffers despite the looming threat of more legal action will only fuel skepticism surrounding the existence of the fiscal reserves backing USDT.
Crypto toddlers throw tantrum as US threatens to impose adult supervision
America appears determined to bring an end to the digital currency sector’s ‘wild west’ phase, signalling a fundamental realignment with serious implications for the current market leaders.
USDC’s Circle is becoming a commercial bank
Circle, one of the two companies behind the USDC stablecoin, has just announced that it will become a full-reserve national commercial bank.
Tether execs bat away CNBC questions on USDT’s lack of transparency
The jig may be up for the Tether stablecoin following a trainwreck CNBC interview and regulators losing patience with the digital currency sector’s aversion to oversight.
Japan forms unit to oversee digital currencies as it steps up regulation efforts
The country’s financial services regulator has reportedly established a new unit that will oversee the industry, even as the Finance Ministry increases its headcount to better police the rapidly growing industry.
USDC’s Circle will go public via New York Stock Exchange
Circle, one of the two companies that created the USDC stablecoin, will be going public on the New York Stock Exchange in Q4 2021.
Crypto Crime Cartel: Tether using its stablecoin scam to exploit El Salvador
As time goes on, we see two things from Tether: more evidence that USDT is unbacked, and an increasing reliance on Tether throughout the industry and beyond it. The month of June has been no exception.
CBDCs may disrupt financial systems: Fitch Ratings
In its latest report, Fitch Ratings looked into how CBDCs could impact the global financial system, including giving governments a new way to track financial data and new financial policy options.
Facebook Diem announces US stablecoin launch
The project, formerly known as Libra, had been envisaging a worldwide roll-out for its stablecoin, which it had planned would be pegged to a weighted basket of international currencies.