BIS to create a digital currency market intelligence platform in wake of market collapse
According to the BIS, the need for the project is due to "the collapse of many stablecoins and decentralized finance (DeFi) lending platforms."
Latest stablecoins News
GAP600 CEO Daniel Lipshitz talks BSV-powered stablecoins on CoinGeek Backstage
The founder and CEO of GAP600 says that the BSV blockchain has a compelling offering that government officials and private entities are interested in, even if they know nothing about blockchain.
Payments and blockchain technology—what’s happening right now?
Here is a list of some interesting and disruptive developments related to payments and blockchain technology happening right now—take a closer look at some of them.
US Federal Reserve says stablecoins are risky as UST goes down
The over-concentration of the stablecoin markets was also highlighted, with the trio of Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) controlling over 80% of the market share.
Phillip Runyan on ‘Hashing It Out’ Episode 18: Blockchain powered currency to fund wallets a missed opportunity
Using blockchain powered currency as simply a means of funding wallets is a missed opportunity—that’s the main message that serial entrepreneur Phillip Runyan wants to share with senior execs from the gambling industry.
‘Regulate stablecoins or we will,’ FSOC tells US Congress
The Financial Stability Oversight Council’s 2021 report points out that digital assets and the associated distributed ledger technology present the opportunity to promote innovation and further modernization.
Japan to limit stablecoin issuance to banks: report
The Financial Services Agency believes the new proposal will prevent stablecoin runs in Japan as banks and wire transfer firms are required to protect consumer assets.
ECB expands PISA framework to cover digital currencies and stablecoins
The Governing Council of the ECB has published a new oversight framework that will cover digital currencies and promised even more regulations for the sector.
Regulated stablecoins have a place in Singapore’s economy: central bank
The Monetary Authority of Singapore is keeping an open mind on digital currencies and stablecoins but says they must go beyond illicit use and mere speculation.
SEC secures green light from US Treasury to regulate stablecoins
A working group convened by Treasury Secretary Janet Yellen has granted the push by SEC Commissioner Gary Gensler to let the securities regulator take control over stablecoins.
SEC Chairman Gary Gensler speaks on digital currency
The U.S. securities regulator plans to take enforcement action on the blockchain and digital currency industry, according to Chair Gary Gensler.
BIS wants central banks to move faster with CBDC amid looming stablecoin pressure
The head of the Bank for International Settlements has asked central banks to step up their efforts with CBDCs as they face a threat from stablecoins and DeFi.