Stablecoins

Regulation

US Federal Reserve Hiring Retail Payments Manager to Research Digital Currencies

The central bank is expanding the role of its Retail Payments Manager to include digital currencies, stablecoins and distributed ledger technologies as part of a new hire.

Policy & regulation  ·  4 November 2019
Exchanges

Binance Said to Plan Beijing Office Amid China’s Renewed Blockchain Push

The world's largest cryptocurrency exchange by volume is establishing a new outpost in China's capital city.

Markets  ·  31 October 2019
Regulation

Regulate Stablecoins – Don’t Squash Them

Regulators should offer a path for stablecoins to exist alongside current financial systems, writes a fellow at Harvard's Berkman Klein Center.

Policy & regulation  ·  23 October 2019
Stablecoins

US Lawmaker Introduces Bill Classifying Stablecoins as Securities

A draft bill published Tuesday would regulate stablecoins under the Securities Act of 1933.

Markets  ·  22 October 2019
Regulation

Libra Could Drop ‘Basket’ and Issue Individual Fiat Stablecoins

Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.

Policy & regulation  ·  21 October 2019
Regulation

FATF Joins BIS in Calling Stablecoins ‘Global Risk,’ Citing Money Laundering Concerns

Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.

Policy & regulation  ·  18 October 2019
Regulation

Bitcoin Has Failed But Global Stablecoins a Threat, Say BIS and G7

A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.

Policy & regulation  ·  18 October 2019
Stablecoins

Tourists in Popular Japanese Region Could Soon Use a Local Cryptocurrency

Mitsubishi Research Institute and an Osaka-based railway company are issuing a local cryptocurrency for use in a popular tourist area in Japan.

Markets  ·  18 October 2019
Stablecoins

Bermuda Now Accepts USDC Crypto for Taxes and Government Services

Bermuda announced Wednesday it will accept payments in the USDC stablecoin "for taxes, fees and other government services."

Markets  ·  16 October 2019
Cosmos

New Libra Fork Will Create Permissionless Stablecoin Free of Corporate Control

Thirty blockchain companies and nonprofit organizations plan to fork the Facebook-led Libra cryptocurrency to build an open alternative.

Tech  ·  9 October 2019
Stablecoins

JPMorgan, Intel Alums Launch Revenue-Sharing Stablecoin USDD

A dollar-backed stablecoin with a twist: revenue-sharing with the institutions that use it.

Markets  ·  1 October 2019
Bitcoin

Why Ethereum Briefly Overtook Bitcoin in Daily Transaction Fees

Ethereum transaction fees are back on the rise and they're gaining parity with those of bitcoin. Here's why.

Markets  ·  26 September 2019
Europe

Germany Passes National Policy to Explore Blockchain But Limit Stablecoins

Germany's cabinet has passed a national strategy for exploring blockchain tech, while limiting the threat of stablecoins like Facebook's Libra.

Policy & regulation  ·  18 September 2019
Stablecoins

Wells Fargo to Pilot Dollar-Linked Stablecoin for Internal Settlement

U.S.-based financial giant Wells Fargo is developing a digital dollar that will run on the firm’s first blockchain platform.

Business  ·  17 September 2019
Exchanges

Binance to List Its New Dollar-Backed BUSD Stablecoin Next Week

Binance's dollar-backed stablecoin, BUSD, created in partnership with the Paxos Trust Company, will soon be available for trading.

Markets  ·  12 September 2019