Bank of Italy Calls for Regulatory Framework for Stablecoin
Bank of Italy has called for a risk-based regulatory framework for stablecoins, which could prevent the worst-case scenario — a “run” on stablecoins. In its recently released “Markets, Infrastructures, and Payment Systems” report for June, the central bank urged regulators to apply the same financial conduct standards to stablecoin issuers as to other industry participants. […]
Sturdy Finance Resumes Operations Following $800K Security Breach
Sturdy Finance, a decentralized finance (DeFi) technology platform, has reopened its stablecoin market after experiencing a recent attack on its website. On June 16, the platform resumed the stablecoin mTerraUSD Stablecoin Market Cap Reaches $15 Billion for the First Timearket, allowing users to access their funds. The delay in reopening the market was a precautionary […]
New Stablecoin Bill Draft Goes Before US House Committee
The Republican chair Patrick McHenry has presented the third iteration of the stablecoin bill to the House Committee on Financial Services. The bill will be up for discussion on June 13 and, if approved, could become the first form of crypto legislation in the U.S. The most recent version of the bill is intended to […]
SG-Forge launches euro-pegged stablecoin on Ethereum
French financial services and banking institution Societe Generale-Forge (SG-Forge) is launching a stablecoin dubbed EUR CoinVertible (EURCV) which is based on the Ethereum blockchain and pegged to the Euro. On April 20, Societe Generale-Forge (SG-Forge) announced the launch of EUR CoinVertible, a stablecoin pegged to the euro aimed at institutional consumers. The stablecoin EUR CoinVertible […]
Here Are The Reasons To Sell USDT In Dubai
Digital currencies, such as USDT (Tether), are gaining widespread popularity among individual traders worldwide. As a stablecoin, it provides a secure and efficient means to conduct transactions, which is particularly advantageous for traders in regions with challenging economies or unstable currencies. Dubai is one such example where selling USDT can present a remarkable opportunity for […]