US Senator Toomey introduces stablecoin bill as congressional session wraps up
The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session.
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Waves founder announces new stablecoin as USDN depegs
Days after USDN lost its peg with USD, Waves CEO and founder Sasha Ivanov promised that his new stablecoin will be “undepeggable."
$16K retest the most likely path for Bitcoin, according to 2 derivative metrics
Top traders' long-to-short ratio and stronger demand for stablecoins in Asia indicate higher odds of further price correction.
Bank of Canada emphasizes need for stablecoin regulation as legislation is tabled
A note by central bank researchers says regulation is the key to reaping the benefits of fiat-referenced crypto assets after the Canadian parliament fails to consider legislation.
Central Banks to set standards on banks’ crypto exposure – BIS
The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025.
UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War
The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to…
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month
While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop…
Argentina’s province to issue US dollar-pegged stablecoin
The bill also authorizes local artists to issue nonfungible tokens (NFT) to promote financial and cultural inclusion.
Researchers use zero-knowledge to address privacy, AML concerns in stablecoins
Organizations led by German fintech etonec designed a system that takes advantage of zk-SNARK to provide untraceable transactions within regulatory limits.
Jewel Bank, Polygon to launch Bermuda’s first USD-backed stablecoin
The JUSD stablecoin will allow real-time settlements for institutional investors in the territory.
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