Large-cap stablecoins have depegged 600 times in 2023: Moody’s
Large-cap stablecoins depegged 707 times in 2022, Moody’s revealed as it unveiled an AI tool that can predict probable depeggings in a 24-hour period.
Large-cap stablecoins depegged 707 times in 2022, Moody’s revealed as it unveiled an AI tool that can predict probable depeggings in a 24-hour period.
On November 1, PayPal issued its Q3 earnings report, and in a separate filing, the company revealed that it received a subpoena from the U.S. SEC relating to PayPal USD stablecoin.
Tether released its Q3 reserves attestation on Halloween and emphasized in its report was the fiscal reality that Tether ‘asserted’ on September 30.
Many in the so-called "crypto" industry herald the coming of spot ETFs as the 'opening of the BTC floodgates' to the average investor, practically assuring the jump in BTC price as a result.
Years dragged on and a change in leadership took place, but Tether still couldn't provide the transparency in its reserves, which, today, continues to be imaginary.
The deputy governor of the Reserve Bank of Australia dismissed “speculative cryptocurrencies” and risky stablecoins but said tokenized deposits could unlock $11 billion in annual savings.
Mastercard demonstrated how a digital Australian dollar can be “wrapped” and deployed on various public blockchains, competing with existing stablecoins.
Coins.ph and Circle's partnership aims to drive awareness of USDC-denominated remittances as a secure, low-cost, and near-instant solution for international money transfers.
Two workshops took place in Tokyo featuring presentations and discussions from representatives of nChain, BSV Blockchain Association, BitTrade exchange, and local BSV blockchain projects, alongside attendees from institutions like Keio University and Deloitte.
Hong Kong prohibits retail stablecoin trading until 2024 due to concerns about safety and redemption risks, pending the establishment of a regulatory framework.
Canada banned stablecoins from exchanges in February unless they obtain prior exemption, but now permits them if they are transparent and provably fully backed.
House Financial Services Chair McHenry reiterates commitment to stablecoin regulation amid shutdown threat, highlighting bipartisan support for 2023's Clarity for Payment Stablecoins Act.