Stablecoin

Federal Reserve

Fed Economists Call Fears of Original Libra Stablecoin ‘Overstated’

Economists at the Federal Reserve suggest Libra – in its original, basket-backed stablecoin form – might not have had as severe an impact on financial stability as policymakers suggested last year.

News  ·  22 June 2020
China

Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries

The stablecoin would help facilitate trade among four Asian countries, which is key to economic recovery in the region after coronavirus, proponents said.

Policy & regulation  ·  21 May 2020
Bitcoin

Interest in Gold-Backed Token Trading Grows Amid Supply Disruptions

On Thursday, hourly trading volume in Tether Gold climbed to over $13 million, up from roughly $1 million the day before.

Markets  ·  1 May 2020
Libra

EU Official: We Can’t Regulate Libra Without More Details

The European Union is still trying to figure out what to do about Libra, according to a new memo.

Policy & regulation  ·  19 February 2020
Facebook

Libra Vice Chair Not Worried About the Leavers

Libra Vice Chair Dante A. Disparte said some departing Libra partners left the door wide open for an eventual return. They will be welcomed back when they're ready.

Tech  ·  5 February 2020
Regulation

Bank of England’s Stablecoin Ruling Targets Financial Stability, Exec Says

Financial stability was a key factor in the Bank of England's decision to hold stablecoin payment systems to the same regulatory standards as existing payment chains.

Policy & regulation  ·  27 January 2020
Regulation

Stablecoin Crisis Could Wreck Global Finance, Fed Warns in New Report

The Fed warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo. 

Policy & regulation  ·  15 November 2019
Digital Currency

French Central Bank Job Posting Reveals Digital Currency Program

Banque de France is seeking a blockchain analyst who will help the bank define a program for implementing digital currency.

Business  ·  11 November 2019
MakerDAO

MakerDAO Proposes New DAI Ceiling After Hitting $100 Million Cap

MakerDAO loans now hold more than $339 million worth of ether. With the launch of multi-collateral DAI set for later this month, what comes next?

Tech  ·  8 November 2019
Regulation

Global Crypto Framework Needed to Stop ‘Regulatory Arbitrage,’ Watchdog Warns

Hong Kong’s securities regulator says the world needs a united response to stablecoins like Libra to avoid firms setting up in laxer jurisdictions.

Policy & regulation  ·  7 November 2019
Gold

Tradewind, Canadian Mint to Verify Origins of Precious Metals on Blockchain

Tradewind Markets is tracking the geography, name and standards of mines that produce precious metals for the Royal Canadian Mint.

Business  ·  5 November 2019
Digital Dollar

Former Fed Nominee Stephen Moore Backs Fractional Reserve Stablecoin

Stephen Moore, whose failed bid to join the Fed imploded within months, has a new plan to disrupt global finance: a fractional reserved-backed stablecoin.

Markets  ·  21 October 2019
CFTC

Fearing USD Decline, Ex-CFTC Heads Propose a Blockchain-Based Digital Dollar

Two former ranking members of the CFTC offered up a plan for a government-sanctioned, blockchain-based digital dollar.

Policy & regulation  ·  16 October 2019
Tether

Tether Ordered to Freeze Transfers to Bitfinex by New York Supreme Court

A New York Supreme Court judge ordered stablecoin issuer Tether to refrain from loaning any funds to Bitfinex or other parties during an ongoing investigation by the NY Attorney General.

Markets  ·  16 May 2019
MakerDAO

Ethereum Stablecoin DAI Is Trending Towards Its Highly Sought Dollar Value

After four months, the ethereum-based stablecoin DAI looks to be maintaining a steady dollar valuation.

Tech  ·  10 May 2019