Category: Stablecoins
Senior US House Members Reiterate Need For Stablecoin Regulation
Two senior members of the U.S. House of Representatives Financial Services Committee have emphasized the need to regulate stablecoins. The members, one a Democrat and…
DeFi Lender Aave to Delve Into the World of Stablecoins
The largest DeFi Lending platform Aave has announced plans to launch a decentralized stablecoin. The peer-to-peer crypto lender will be one of the first platforms…
Circle CEO Encourage U.S. Politicians To Control, Regulate Stablecoins
The CEO of Circle Internet Financial, Jeremy Allaire, has made a daring move by calling for more stringent regulation of stablecoins on social media. Aimed…
Circle (USDC) Targets The Growing Demand For USD-pegged Stablecoins In Asia
In the latest report, the USD Coin developers, Circle network, plan to exploit the booming demand for stablecoins in the Asia Pacific region. The platform…
United Kingdom Set To Launch Stablecoin Regulatory Framework
The latest report revealed that in alignment with Europe, the United Kingdom is ready to launch a set of regulations that would guide the conduct…
Tether Market Cap Hits New All-time High, Company To Mine Bitcoin in Uraguay
Tether (USDT) has been the most popular cryptocurrency on earth, judging from its market cap. It seems that popularity is on the rise, as the…
Luna, Not A Security, A Court In South Korea Rules
A South Korean court has declared that LUNA, the native token of the Terra blockchain, is not a security, which is a significant decision for…
Latin America’s Largest Investment Bank Launches a Stablecoin on Polygon
Bazil-based BTG Pactual, considered the largest investment bank in Latin America, announced on Wednesday the launch of its stablecoin. In a statement, the company informed…
Kokomo Finance Developers Utilize Wrapped Bitcoins to Execute a $4 Million “Exit Scam”
On March 26, the Indiana-based non-custodial lender Kokomo finance reported an “exit scam” that exposed the investors to over $4 million loss. The Kokomo team…
Tether Predicts $700 Million Profit in Q1 Amid Ongoing Regulatory Controversy
On March 24, the leading issuer of stablecoin Tether owned a $1.6 billion reserve to support the performance of USDT. During the first quarter of…
