Stablecoins

SEC plans to sue Paxos over Binance USD stablecoin, stay tuned
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13 February, 2023

SEC plans to sue Paxos over Binance USD stablecoin, stay tuned

The SEC has sent a "Wells notice" to Paxos Trust over its use of BUSD; although Paxos' BUSD is "approved...
BIS developing new tool to monitor stablecoin balance sheets
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12 February, 2023

BIS developing new tool to monitor stablecoin balance sheets

Under Project Pyxtrial, the Bank for International Settlements is developing a tool for central banks to monitor stablecoins in a...
Why did Circle terminate HandCash USDC accounts?
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8 February, 2023

Why did Circle terminate HandCash USDC accounts?

After his brief hiatus, Joshua Henslee is back in the game as he speculates why stablecoin issuer Circle suddenly terminated...
HandCash on Circle termination: It may have happened for the best
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7 February, 2023

HandCash on Circle termination: It may have happened for the best

USDC Circle has terminated BSV wallet HandCash's agreements, a move that suspends HandCash's top-up functionality with a debit or credit...
Hong Kong Monetary Authority skeptical against algorithmic stablecoins
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5 February, 2023

Hong Kong Monetary Authority skeptical against algorithmic stablecoins

In the "Conclusion of Discussion Paper on Crypto-assets and Stablecoins," HKMA confirmed that it received 58 submissions, urging it to...
Japan’s FSA to lift ban on foreign stablecoins by June 2023
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28 January, 2023

Japan’s FSA to lift ban on foreign stablecoins by June 2023

The Financial Services Agency said that work is currently underway to allow the domestic distribution of stablecoins in the country...
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