Stablecoins

CoinFlash

French Firm Launches Euro Stablecoin With Monthly Attestations From PwC

The issuer claims EUR-L is the first France-originated digital asset pegged to the euro.

Markets  ·  18 March 2021
Thailand

Thai Central Bank Warns Against ‘Illegal’ Use of Baht-Denominated Stablecoin

The Bank of Thailand has deemed any activity involving the THT stablecoin "illegal" on the basis it violates the nation's Currency Act.

News  ·  18 March 2021
CoinFlash

Crypto Bank Sygnum Offering Yield on Its Swiss Franc Stablecoin

The licensed Swiss firm claims to be the first regulated bank to offer returns on its own stablecoin.

Business  ·  16 March 2021
Stablecoins

Nigerians Turn to Stablecoins for Protection Against Inflation

Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation.

Markets  ·  15 March 2021
DeFi

Anchor Begins Countdown to Launch of Bank-Beating DeFi Savings Account

Anchor was originally slated for an October launch, but the team pushed that back to late November. With the countdown showing on its website, this could really be it.

Markets  ·  14 March 2021
CoinFlash

Tether Stablecoin Expands Its Reach to Another Blockchain

Tether has announced the expansion of its USDt token to an eighth blockchain – Solana.

Markets  ·  11 March 2021
Stablecoins

Regulated Stablecoin Launches in New Zealand

New Zealand dollar reserves backing the stablecoin are to be confirmed by an accounting firm on a quarterly basis.

Business  ·  10 March 2021
Regulation

Regulation Could Actually Help Tether

DeFi has cut into Tether's dominance of the stablecoin market. Will greater regulation help win back customers?

Policy & regulation  ·  3 March 2021
CoinFlash

Canadian Bank Launching Fiat-Backed Digital Currency in Claimed World First

The bank says its VCAD stablecoin is the first digital currency issued by and backed by deposits with a North American bank.

Business  ·  24 February 2021
Regulation

ECB Wants to Be Able to Veto Stablecoins Like Diem in the EU

The ECB believes it should have the final say ahead of any proposed stablecoin launches.

Policy & regulation  ·  23 February 2021
Stablecoins

What Happens if All Stablecoin Users Have to Be Identified?

If the U.S. reins in pseudonymity in stablecoin transactions (as seems possible) there could be big implications for the crypto industry, says our columnist.

Policy & regulation  ·  18 February 2021
Stablecoins

Diem Stablecoin Prepares for Liftoff With Fireblocks Custody Partnership

The rebranded Libra network aims to come out with an initial product around the end of this quarter, with help from Fireblocks and First Digital Assets.

Business  ·  16 February 2021
Stablecoins

Banks Likely to Adopt Stablecoins Cautiously Despite Guidance

Banks face a stablecoin conundrum: Build their own projects, with all the overhead that implies, or work with well-placed existing providers.

Policy & regulation  ·  11 February 2021
DeFi

Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch

Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.

Business  ·  9 February 2021
Stablecoins

Caveat Depositor. How Safe Is Your Stablecoin?

USD stablecoins are created largely outside the dollar system and lack federal deposit guarantees. Investors should be careful.

Markets  ·  8 February 2021