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5 Dollar-Pegged Tokens Command 94% of the Swelling $135 Billion Stablecoin Market Cap
During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in…
Following Bitcoin’s all-time high, DeFi TVL hits a record high above $233B
The total value locked in DeFi protocols soared to $233.8 billion as rising token prices and the increasing integration of stablecoins helped send the metric to a record high.
Powerful blockchain lobby group urges Washington not to overregulate stablecoins
The stablecoin market is valued at over $130 billion and growing rapidly, putting federal regulators on high alert over systemic risk.
Circle’s USDC Launches on Hedera Hashgraph
Popular stablecoin issuer Circle announced that it will be extending support for its USD Coin (USDC) on the Hedera blockchain, making it the first such token to launch on the…
CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million
On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex,…
Tether fires back against report it is using reserves for investments and making crypto-backed loans
"If those loans fail, even a small percentage of them, one Tether would become worth less than $1," said Bloomberg reporter Zeke Faux.
3 reasons why Terra (LUNA) price hit a new all-time high
The successful launch of the long-awaited Columbus-5 upgrade is just one of the factors in LUNA’s ascension to a new record high.
Law Decoded: Infrastructure woes and benevolent punishments, Sept. 27–Oct. 3
As House Democrats grapple over the infrastructure bill, the Biden administration and Federal Reserve eye stablecoin regulation.
Third-Largest Bank in France Societe Generale Proposes Use of Defi Protocol Makerdao
French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October…