Stablecoins
Terra’s Do Kwon faces massive class action lawsuit in Singapore
The claimants seek $57 million as damages for losses suffered during the de-pegging of TerraUSD (UST) from the U.S. dollar.
FTX’s Sam Bankman-Fried pens ‘Crypto Regulation for Dummies’
SBF recently tweeted his "thoughts on crypto regulation" alongside a more detailed set of Possible Digital Asset Industry Standards posted...
Tether claims no more commercial paper in stablecoin reserves
Tether has issued a blog post in which the integrity-challenged firm claimed that as of October 12, it had "eliminated...
EU puts DeFi on notice, revives stablecoin transaction cap
The European Union is bracing for another wave of measures in the digital asset sector as Parliament mulls tougher laws...
Philippine central bank: Stablecoins could revamp country’s payments ecosystem
The Bangko Sentral ng Pilipinas says it is high time to use stablecoins in transactions, noting that it will be...
New US bill seeks to ban UST-like algorithmic stablecoins for 2 years
The bill has undergone several amendments, and the latest would protect Americans from a Terra-like collapse by banning "endogenously collateralized"...
