US Treasury Department is keen on stablecoin crackdown
The US Treasury Department is still planning a stablecoin crackdown, although, stablecoin Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively. The US Treasury Department is preparing a review that will focus on the issues created by stablecoin redemptions as well as the impact of a prospective run […]
Nasdaq for supply pricing feeds for DeFiChain tokenized stock trades
NASDAQ, along with Finnhub and Tiingo, will provide its price feeds to DeFiChain, an open-source decentralized financial infrastructure (DFI) platform based on the Bitcoin network. Despite the fact that tokenized equities have had a rocky few months from a legal standpoint, legacy financial institutions and proponents of decentralized finance (DeFi) have continued to sign new […]
Australian firm Afterpay believes merchants can slash payment costs by utilizing crypto
Australia’s Senate was informed by Afterpay that the use of cryptocurrency might lower payment costs for merchants and that the government should seek to develop a framework for a stablecoin backed by the Australian dollar. Afterpay , an Australian buy now pay later (BNPL) company, believes that using cryptocurrency can help local retailers reduce payment […]
European central bank President says stablecoins are assets, not currencies
European central bank (ECB) President Christine Lagarde says although stablecoins appear to be used in various transactions they are not currencies rather should be regarded as assets. All cryptocurrencies, including stablecoins and speculative assets, “are not currencies at all,” according to Christine Lagarde, president of the European Central Bank. In an interview with World Economic […]
Stablecoin Wars: Can Circle Survive?
For USDC to become the undisputed king of stablecoins, a number of factors must come together in the proper way for this to happen. USDC, the stablecoin that Circle operates, and its CEO, Jeremy Allaire, have ambitious goals for their respective companies and for USDC. Allaire noted in a blog post this week that Circle […]