Category: Stablecoin

IOST in the First Batch of Blockchains to Support HUSD Stablecoin

IOST in the First Batch of Blockchains to Support HUSD Stablecoin

PRESS RELEASE. IOST, an enterprise-grade, decentralized, and ultra-fast network oiled with the Proof-of Believability consensus algorithm, is integrating the HUSD stablecoin, according to an announcement on 13 Jan 2021. HUSD is a safe and secure dollar-pegged stablecoin issued by Stable Universal Limited. Notably, IOST is the first batch of Public Blockchains to support HUSD. To […]

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The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current crisis. Why Everyone Wants a CBDC Now […]

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Org Chart: The Diem Association

Org Chart: The Diem Association

Quick Take The Facebook-backed Diem Association hopes to launch its stablecoin payment project sometime this year, awaiting regulatory approval Diem has made a spree of strategic executive hires to emphasize the Diem Association’s independence from Facebook. The Block has mapped out the Diem Association’s organizational structure and has highlighted the leadership of each of these […]

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Fiat Freeway: GMO’s JPY-pegged Stablecoin Rises in the Big Apple and Fed Researchers Weigh-in on Digital Asset Tokens vs. Accounts

Fiat Freeway: GMO’s JPY-pegged Stablecoin Rises in the Big Apple and Fed Researchers Weigh-in on Digital Asset Tokens vs. Accounts

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.  This week’s column first examines GMO-Z.com Trust Company Inc.’s trust charter approval from the New York State Department of Financial Services (NYDFS).  We conclude with a review of a recent FEDS Note on the tokens […]

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US regulator: Federally chartered banks can facilitate stablecoin payments, issue their own

US regulator: Federally chartered banks can facilitate stablecoin payments, issue their own

National banks and federal savings associations can use public blockchains and stablecoins for settlement, The Office of the Comptroller of the Currency (OCC) said in an interpretive letter published late Monday. The letter indicates that banks and savings associations can now run crypto nodes and utilize associated stablecoins for “permissible payment activities.” This means banks […]

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Bitfinex CTO: Tether Is Registered and Regulated Under FinCEN- USDT Not Next Target of the US SEC

Bitfinex CTO: Tether Is Registered and Regulated Under FinCEN- USDT Not Next Target of the US SEC

The CTO at Bitfinex Paolo Ardoino has pushed back against rumours that the company’s Tether stablecoin may be the next target of the U.S. Securities and Exchange Commission (SEC). The Bitfinex executive insists that the Tether stablecoin, whose market capitalization has now surpassed $20 billion, is a properly registered and regulated crypto. The Alleged Misinformation […]

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White House releases stablecoin report, says regulators could consider limiting ‘multi-currency stablecoins’

White House releases stablecoin report, says regulators could consider limiting ‘multi-currency stablecoins’

The White House has released a statement on regulatory considerations for stablecoins — and it includes the potential for limitations on “multi-currency stablecoins.” The statement comes from the President’s Working Group on Financial Markets, which is a Treasury-centric working group that makes recommendations to the president and federal regulators.  The group highlighted the importance of anti-money […]

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OpenDAO Builds New Yield Dollar Interface on Top of UMA, Accepts BTC as Collateral

OpenDAO Builds New Yield Dollar Interface on Top of UMA, Accepts BTC as Collateral

PRESS RELEASE. OpenDAO is proud and excited to announce that it is one of the first DeFi projects to participate in UMA’s dapp mining program. Check out the new Yield Dollar interface at ydollar.opendao.io For the past few months, OpenDAO has been working closely with the team at UMA to build a new interface for […]

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Stellar Development Foundation invests in Settle Network to support stablecoin-based payment too

Stellar Development Foundation invests in Settle Network to support stablecoin-based payment too

The Stellar Development Foundation (SDF) invested $3 million worth of Stellar lumens in Latin American cross-border payment and exchange platform Settle Network.  The investment is intended to bolster Settle’s stablecoin-centered payment tools. Settle Network recently launched StableX, a stablecoin exchange, with the goal of building a Latin American foothold in the fiat-to-crypto market as well as […]

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Sovryn launches Bitcoin-powered trading and lending platform

Sovryn launches Bitcoin-powered trading and lending platform

Users can now trade bitcoin on the newly-launched decentralized trading and lending platform Sovryn, the platform announced on Tuesday. The team behind Sovryn, which was built on the Bitcoin-powered smart contract platform RSK, says it will soon launch its decentralized governance platform as well.  The launch comes after Sovryn raised $2.1 million in funding. Investors […]

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