Stablecoin – Page 88 – Miami Crypto Coin

Terra crash highlights stablecoin risk to financial stability: ECB

Post author:MiamiCrypto
Post published:July 11, 2022
Post category:ECB European Union MiCA Stablecoin Terra

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

Post author:MiamiCrypto
Post published:July 11, 2022
Post category:Bitso Circle Colombia Exchanges inflation Mexico remmitances Stablecoin USDC volatility

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

Post author:MiamiCrypto
Post published:July 9, 2022
Post category:agreement Babel Finance Bitcoin Loan Blockchain.com blockfi borrowing celsius Celsius Loan Keyfi founder Lending liquidated loan agreement News Risk Management Stablecoin Stablecoin Economy Stablecoins Tether Tether (USDT)Tether critics USDT USDT stablecoin Vauld Voyager Digital

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…

Fed vice chair Brainard urges faster crypto regulation, touts role for stablecoin

Post author:MiamiCrypto
Post published:July 8, 2022
Post category:Federal Reserve Stablecoin

Brainard says if crypto remains unregulated as it is integrated into the larger financial system, it will bring risks of instability of the type currently being seen.

Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer

Post author:MiamiCrypto
Post published:July 8, 2022
Post category:loans Stablecoin Tether

The stablecoin issuer has once again explained that its investment in Celsius has no impact on its USDT reserves.

EU-regulated firm Banking Circle adopts USDC stablecoin

Post author:MiamiCrypto
Post published:July 8, 2022
Post category:Coinbase Cryptocurrencies Europe Luxembourg Payments Stablecoin United Kingdom USD Coin

Banking Circle was launched in 2016 with a mission to help payments businesses reach new global markets, avoiding the burdens of traditional banking.

Aave Wants to Launch a Rival to MakerDAO’s DAI Stablecoin

Post author:MiamiCrypto
Post published:July 7, 2022
Post category:Aave Stablecoin Technology

If the community passes the proposal, borrowers will be able to mint GHO by providing collateral on the Aave protocol. Aave Proposes GHO Aave could become the next major crypto...

Crypto owners banned from working on US Government crypto policies

Post author:MiamiCrypto
Post published:July 7, 2022
Post category:Bitcoin Regulation Federal Reserve Government Stablecoin United States US government USA White house

A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation.

Circle looks to reaffirm commitment to transparency as USDC market share soars

Post author:MiamiCrypto
Post published:July 6, 2022
Post category:Circle Stablecoin

"With USDC, our business model is minimizing risk, not taking and managing risk,” wrote Jeremy Fox, Circle's chief technology officer.

Salary payments in USDT stablecoin ruled as illegal in the Chinese court

Post author:MiamiCrypto
Post published:July 6, 2022
Post category:China Court Dollar People's Bank of China Stablecoin Tether

Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all types of crypto transactions.