Stablecoins Will Remain Important in Argentina – Ripio CEO
According to Ripio CEO Sebastián Serrano, stablecoins will likely be unshakable in Argentina’s monetary system. Javier Milei, the incoming president of Argentina, campaigned on the platform of economic reform. Stablecoins will continue to hold a significant position in the financial affairs of Argentinians, Ripio CEO Sebastián Serrano told Cointelegraph en Español, notwithstanding how the transformation […]
FCA, Bank of England Publish Proposals for Regulating Stablecoins
The Bank of England and the Financial Conduct Authority have unveiled plans to regulate stablecoins in the latest sign of the government’s attempt to lure crypto companies to the UK. In collaboration with the Financial Conduct Authority (FCA), the Bank of England (BOE) is implementing a strategy to oversee the stablecoin market, which comprises cryptocurrency […]
Coinbase Suspends USDT, DAI, RAI in Canada
Coinbase has decided to halt trading of prominent stablecoins, namely USDT, Dai, and RAI, for its Canadian users. Cryptocurrency exchange Coinbase said that starting in September 2023, it would no longer allow Canadian users to trade the stablecoins USDT, DAI, and RAI. Days have passed since operations began in the nation. With this revelation, Coinbase […]
Singapore Unveils New Regulatory Framework for Stablecoins
Singapore’s Monetary Authority (MAS) has introduced regulations for stablecoins linked to the Singapore Dollar or other major fiat currencies. Any stablecoin valued over S$5 million will now fall under MAS regulation. This step aligns with Singapore’s aim to boost digital asset innovation and stability. The MAS believes well-regulated stablecoins can facilitate advanced practices like on-chain […]
Huobi Amongst Other Crypto Exchange Lists PayPal USD
Following its launch 24 hours ago, the Paxos-issued PayPal USD (PYUSD) stablecoin has received advertisements from various crypto exchanges. Today, the Huobi exchange announced it would list the Stablecoin. The crypto exchange Huobi announced on August 8 that it would list the stablecoin PayPal USD (PYUSD), becoming the first exchange to proclaim support. The initial […]