Hong Kong Dollar Stablecoin to Compete with USDT and USDC Proposed: Report
On July 4, the Vice President of Hong Kong University of Science and Technology, Cai Wensheng, penned a proposal for an HKD stablecoin. The policy proposal was also made by…
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Will $30K be a new springboard for Bitcoin bulls?
Bitcoin margin and futures markets display strength as institutional appetite surges after multiple spot ETF requests.
Japan’s Biggest Bank Might Launch Global Stablecoins (Report)
Mitsubishi UFJ Financial Group (MUFG) – the largest finance institution in Japan – is reportedly considering issuing global stablecoins via its blockchain platform. The bank has previously revealed plans to…
Federal Reserve Chairman Refers To Stablecoins As A “Form Of Money”
Stablecoins are a “form of money” over which the central bank ought to have some level of authority, said Federal Reserve Chairman Jerome Powell before Congress on Wednesday. The chairman…
UK House of Lords Approve Crypto Regulatory Bill
The UK’s Financial Services and Markets Bill (a proposed legislation that touches upon traditional monetary services and cryptocurrencies) has moved forward after the Parliament’s upper chamber – the House of…
USDC Dethrones USDT as the Most Liquid Stablecoin on Centralized Exchanges: Data
An analysis by crypto market data provider Kaiko revealed that USD Coin (USDC) is currently the most liquid stablecoin on centralized exchanges (CEXs), with approximately $38 million bids preventing a…
Stablecoin Race: DAI Surpasses BUSD Amid Binance-SEC Regulatory Row
DAI stablecoin, with a circulation of around $4.6 billion, has surpassed BUSD amidst mounting legal troubles for the world’s largest crypto exchange, Binance. The market capitalization of BUSD has declined…
Tether Circulation Hits New Peak as Confidence in Circle Continues to Shrink
The stablecoin ecosystem has also been impacted by America’s war on crypto, with a clear divergence happening between the top two issuers. Tether supply has reached an all-time high of…
Stablecoins are a critical countermeasure to Operation Chokepoint
Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.
Tether (USDT) Market Cap Breaks May 2022 ATH Level of $83.2 Billion
Tether (USDT), the world’s largest stablecoin, achieved a groundbreaking milestone by surpassing its previous all-time high market cap of $83.2 billion, a record set back in May 2022. This remarkable…
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