USDC issuer Circle supports proposal to regulate stablecoin issuers as banks
"There's a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly," Circle CEO said.
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"There's a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly," Circle CEO said.
A new study by Protos claims that Tether flow is dominated by just two firms, Alameda Research and Cumberland.
The retail CBDC will be developed in partnership with private entities, which “would be the digital equivalent of today’s notes and coins.”
In mid-October, the market capitalization of all the stablecoins in existence was $134 billion and during the last three weeks, the valuation has increased by 5.59% to $141.5 billion. While…
Investors have embraced Abracadabra Money’s truly decentralized approach to DeFi and the option to draw stablecoin loans off a growing list of assets appears to be backing SPELL’s rally to…
The regulator singled out Binance and Tether as allegedly risky players in the blockchain space.
The group said stablecoin issuers should be held to the same standards as insured depository institutions including state and federally chartered banks.
U.S. financial regulators are close to working out the limits of their authority over at least one class of digital assets.
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