Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.
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Palau to freeze USD-backed stablecoin after pilot launch in July
Palau’s USD-backed stablecoin build on XRP Ledger will be frozen on Sept. 15 as the government will be collecting feedback from users to shape the way ahead.
Australian lawmakers send back crypto bill by Andrew Bragg
Introduced in March 2023, Australia’s bill on digital asset market regulation has faced a series of report delays by the Senate, and it's now been sent back for amendments.
Binance pushes new stablecoin as it confirms plan to cease BUSD support
Paxos has earlier said it will halt support of Binance's stablecoin by February 2024, now the exchange has said it will also stop support by that time.
Circle launches USDC stablecoin on Mercado Pago in Chile
The partnership will purportedly bring USDC to 2 million users in Chile.
USDC will launch natively on Base network ‘next week’ — Jeremy Allaire
Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version.
PayPal’s PYUSD struggles with early adoption — Nansen
PayPal's stablecoin debut raised hopes for broader adoption and an introduction of cryptocurrencies to the masses. Early adoption trends paint a different picture.
Tether maintains $3.3B in liquidity cushion: USDT transparency report
The total assets under Tether stand at $86.1 billion with total liabilities amounting to $82.8 billion — thus confirming a reserve backing of over 100%.
Num Finance launches Colombian peso stablecoin on Polygon
Num Finance received $1.5 million in a pre-seed funding round in May and is now issuing stablecoins in the local currencies of Argentina, Peru and Colombia.
Nigerian crypto exchange’s token launch draws scrutiny
This development follows the company’s previous disclosure of a security breach resulting in fund losses in May 2023.
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