Japanese startup to use stablecoins and CBDC to link Asian countries
Soramitsu is developing a cross-border payment system that uses Cambodia’s CBDCs and targets Japan, India, China and Southeast Asia.
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Bank of England will get more power in regulating stablecoins
The United Kingdom government could rebalance the power between the Bank of England and the country’s principal financial regulator, the Financial Conduct Authority.
Binance sold USDC for BTC & ETH after Silvergate bank collapse: PoR report
Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call.
Breaking: Paypal launches stablecoin for payment
Payment processing giant PayPal started crypto payments in March 2020 and since then has been actively involved in the crypto payment sector.
Curve’s crvUSD depegs as market reacts to shock events
The decentralized stablecoin is facing its first stress test since it was released in May, putting its PegKeeper algorithm to work.
Binance starts BTC/FDUSD and ETH/FDUSD trading pairs with zero-fees
Users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user's VIP level.
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.
Former CFTC chairman says stablecoins can be a bridge between two worlds
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility when it comes to regulations.
3 reasons why Maker (MKR) fundamentals hint at further price upside
MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems
The upcoming FCA meeting is aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments.
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