Browsing the "Stablecoins" Tag

Binance Exchange Is First Client for Paxos’ New Dollar Gateway

| Omkar Godbole

The regulated firm is opening up its stablecoin-to-USD swaps facility to third parties, starting with Binance.

tether, stablecoin

Tether Says Its Stablecoin Is ‘Fully Backed’ Again

| Nikhilesh De

Tether says its USDT stablecoin is "fully backed by reserves," after reporting in April its token was only 74% backed.

European Union to Regulate Stablecoins, Not Issue Its Own: Source

| Nikhilesh De

Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra.

US Federal Reserve Hiring Retail Payments Manager to Research Digital Currencies

| Nathan DiCamillo

The central bank is expanding the role of its Retail Payments Manager to include digital currencies, stablecoins and distributed ledger technologies…

Binance Said to Plan Beijing Office Amid China’s Renewed Blockchain Push

| Leigh Cuen

The world's largest cryptocurrency exchange by volume is establishing a new outpost in China's capital city.

Regulate Stablecoins – Don’t Squash Them

| Nathan Kaiser

Regulators should offer a path for stablecoins to exist alongside current financial systems, writes a fellow at Harvard's Berkman Klein Center.

US Lawmaker Introduces Bill Classifying Stablecoins as Securities

| Nikhilesh De

A draft bill published Tuesday would regulate stablecoins under the Securities Act of 1933.

Libra Could Drop ‘Basket’ and Issue Individual Fiat Stablecoins

| Daniel Palmer

Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.

FATF Joins BIS in Calling Stablecoins ‘Global Risk,’ Citing Money Laundering Concerns

| Nikhilesh De

Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.

Bitcoin Has Failed But Global Stablecoins a Threat, Say BIS and G7

| William Foxley

A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.