Stablecoins

Bank of Israel reveals plan for proposed stablecoin regulation, supervision
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28 February, 2023

Bank of Israel reveals plan for proposed stablecoin regulation, supervision

Israel's proposed legislations in regulating stablecoins include restricting algorithmic stablecoins and uncollateralized assets, as well as "borrowing" the EU's MiCA...
Paxos stops minting BUSD—is Binance stablecoin finished?
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23 February, 2023

Paxos stops minting BUSD—is Binance stablecoin finished?

Paxos CEO Charles Cascarilla said that the decision was not linked to the NYDFS order, clarifying that "The market has...
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...