Uphold Exchange to Delist USDT, 5 Other Stablecoins by July 1
Uphold crypto exchange has notified its European users that the platform will cease supporting six prominent stablecoins on July 1 in compliance with MiCA regulations. To comply with the European crypto regulations known as Markets in Crypto-Assets (MiCA) new stablecoin framework, crypto exchanges are delisting these stablecoins. Tether, Dai, Frax Protocol (FRAX), Gemini dollar (GUSD), […]
Stablecoins Could Help US Compete with China – Paul Ryan
According to a former U.S. House of Representatives speaker, Paul Ryan, the US dollar could maintain pace with the Chinese yuan through dollar-pegged stablecoins. In an opinion piece published in the Wall Street Journal on June 13, Paul Ryan contended that dollar-backed stablecoins are “one solution” to maintain the dollar’s appeal, as the United States […]
UAE Central Bank Approves Stablecoins Licensing System
The Central Bank of the United Arab Emirates (CBUAE) board of directors has authorized implementing a new regulation and licensing framework for stablecoins. During a meeting in Abu Dhabi, the board reportedly deliberated on initiatives under the government’s financial infrastructure transformation (FIT) program. The initiative aims to promote innovation, advance the country’s digital economy, and […]
Binance Limits Stablecoins in Europe (EEA)
Binance will phase out stablecoins not meeting MiCA standards in Europe, classifying them as ‘Unauthorized Stablecoins’ with specific restrictions. A number of pre-existing stablecoins that fail to satisfy these regulatory standards will be categorized as “Unauthorized Stablecoins” and will be subject to specific limitations. In order to comply with MiCA regulations, Binance will phase out […]
From Lending Platforms to Stablecoins: Diverse DeFi Applications
In this article, we will explore the diverse DeFi applications that are transforming the traditional financial system. One of the most exciting developing areas of the cryptocurrency ecosystem is decentralized finance or DeFi. They are leveraging blockchain technology to offer diverse Defi applications. Among the myriad of DeFi applications, lending platforms, and stablecoins stand out […]