UK central bank still ‘disproportionately cautious’ about stablecoins
In recent developments, some crypto industry observers believe that the Bank of England’s new proposed regulations for stablecoins are unnecessarily restrictive. Looking closer, market participants highlight key drivers such as…
Singapore warns unregulated stablecoins pose systemic risk as new rules near
In recent developments, the Monetary Authority of Singapore says only fully regulated, reserve-backed stablecoins will qualify as settlement assets as Singapore prepares legislation and expands CBDC trials. Looking closer, market…
Yield-Bearing Stablecoins Witness a Stampede for the Exits After 3 Tokens Col…
In recent developments, the $20.43 billion yield-bearing stablecoin sector slipped massively this week, according to stablewatch.io, as several synthetic and algorithmic stablecoins suffered heavy outflows and severe depegs. The turmoil…
Experts Say Privacy Is the Missing Link in Stablecoin Evolution
In recent developments, traditional stablecoins like USDT and USDC have become essential for decentralized finance and cross-border transactions, but experts assert there is a growing need for privacy-focused stablecoins. Despite…
Stablecoins strengthen the dollar and empower the developing world
In recent developments, dollar-backed stablecoins reinforce U.S. currency dominance while democratizing finance in developing nations, countering China’s debt-trap diplomacy. Looking closer, market participants highlight key drivers such as liquidity flows,…
Cathie Wood drops BTC forecast by $300K, says stablecoins eroding market share
In recent developments, stablecoins have emerged as a store-of-value asset in emerging market economies at a rate no one predicted, Wood said on Thursday. Looking closer, market participants highlight key…
Canada’s budget promises laws to regulate stablecoins, following US lead
In recent developments, canada’s government unveiled a plan to regulate stablecoins, requiring fiat-backed issuers to maintain sufficient reserves and adopt robust risk management measures. Looking closer, market participants highlight key…
