UK’s government-backed Millicent Labs demos a retail full-reserve digital currency
The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology.
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BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements
The international organizations affirm the "same risk, same regulation" principle by extending decade-old rules to the rapidly expanding new financial technology.
Picpay to Offer Cryptocurrency Services in Brazil to More Than 60 Million Customers
Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will…
First Regulated British Pound Stablecoin Launched
Poundtoken, the first fully regulated, fully-collateralized stablecoin pegged to the Great British pound, is now being offered by a company located in the Isle of Man. GBPT Available on UniSwap...
100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance proposal that provides “collateral integration from a U.S.-based bank.” The Makerdao governance proposal passed by a…
KPMG to audit new pound-backed stablecoin GBPT
In terms of daily turnover, the British pound (GBP) is the fourth most traded fiat currency in the world, according to the Bank for International Settlements.
Tether fortifies its reserves: Will it silence critics, mollify investors?
USDT is under attack from short sellers. Would they go away if only the company hired a Big Four accounting firm to audit its balance sheet?
Terra crash highlights stablecoin risk to financial stability: ECB
A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy.
Crypto Exchange Bitso Launches Remittance Service in Colombia
Bitso, a Mexican-based, Latam operating cryptocurrency exchange, announced it is launching a remittance service in Colombia. The company will now allow its customers in Colombia to send and receive remittances…
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation…
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