Toomey drafts bill to exempt stablecoins from securities regulations
The Stablecoin TRUST Act proposed the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations.
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Visa should be ‘scared’: Lightning Labs raises $70M to add stablecoins
The firm has built a new protocol called Taro to enable stablecoins to be sent and received on the Bitcoin Lightning Network.
More than three-quarters of central banks considering a CBDC: research
The report by PwC shows that 80% of central banks are considering or have already launched a CBDC.
US Lawmakers Introduce A Bill Targeted at Stablecoins
Stablecoins are cryptocurrencies that usually peg 1:1 to fiat currencies like the US dollar. For every stablecoin in circulation, supposedly, there should be a $1 bill or its equivalents as…
Circle Chooses BNY Mellon to Custody USDC Reserves
Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin…
America’s Oldest Bank to Become Primary Custodian of Circle’s USDC
Circle has tapped BNY Mellon – one of the Wall Street giants leading the cryptocurrency adoption – to serve as the primary custodian of its stablecoin USD Coin – USDC.…
Fantom Introduces Stablecoin USDB
Fantom Foundation (FantomFDN) – a blockchain platform for DeFi, cryptocurrency dApps, and enterprise applications – designed a stablecoin called USDB. The product’s landscape encompasses Bridge, Traditional Finance, Staking, xFHM, Mint…
Terra Buys Another 2,943 BTC Worth $140 Million to Build its Stablecoin Reserves
After announcing intentions to release a stablecoin backed by BTC reserves worth in total of $10 billion, Terra has begun accumulating. The latest purchase came earlier today, and the blockchain…
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