Stablecoin – Page 52 – Miami Crypto Coin

Binance will end support for BUSD stablecoin in December

Post author:MiamiCrypto
Post published:November 29, 2023
Post category:Binance Business Cryptocurrency Exchange Dollar Stablecoin

Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.

Paxos receives in-principle approval to issue stablecoins in Abu Dhabi

Post author:MiamiCrypto
Post published:November 29, 2023
Post category:abu dhabi middle east paxos Regulation Stablecoin

The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.

Ethereum (ETH) price reclaims $2K as data shows a surge in network activity

Post author:MiamiCrypto
Post published:November 23, 2023
Post category:Binance BlackRock CZ Dydx ETF Ethereum Markets Regulation Stablecoin

Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000.

Stablecoins will remain ‘indispensable’ in Argentina under new president — Ripio CEO

Post author:MiamiCrypto
Post published:November 23, 2023
Post category:Argentina Cryptocurrency Exchange Hyperinflation inflation Stablecoin

Regardless of what changes Javier Milei brings to Argentina’s monetary system, stablecoin is likely to have an unshakable place in the economy, Sebastián Serrano said.

Stablecoin bill is a ‘no-brainer’ — Consensys director on US legislation

Post author:MiamiCrypto
Post published:November 23, 2023
Post category:ConsenSys law Policies Regulation Stablecoin United States

Consensys senior counsel and director of global regulatory matters Bill Hughes spoke at the North American Blockchain Summit on crypto bills and their role in politics.

New Zealand dollar stablecoin goes live through local crypto exchange

Post author:MiamiCrypto
Post published:November 22, 2023
Post category:Cryptocurrency Exchange New Zealand self-custody Stablecoin Wallet

Easy Crypto launched the aptly named New Zealand Dollar Stablecoin (NZDD) in partnership with an Australian blockchain development firm.

Tether’s bank partner Britannia sued over $1B deposit: Report

Post author:MiamiCrypto
Post published:November 21, 2023
Post category:Court Stablecoin Tether United Kingdom

Tether’s bank partner Britannia is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a deposit from Tether.

Tether freezes $225M USDT linked to romance scammers amid DOJ investigation

Post author:MiamiCrypto
Post published:November 20, 2023
Post category:law Regulation Scams Stablecoin Tether United States

The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.

‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

Post author:MiamiCrypto
Post published:November 17, 2023
Post category:BIS Central Bank Fiat Money Stablecoin

The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.

Tether plans major expansion into BTC mining with $500M investment: Report

Post author:MiamiCrypto
Post published:November 16, 2023
Post category:Bitcoin Mining Mining South America Stablecoin Tether

Tether has ambitions to reach 1% of BTC mining computing power under its new CEO Paolo Ardoino. New facilities in South America will be part of the push.