Japanese startup to use stablecoins and CBDC to link Asian countries By Cointelegraph
[ad_1] Japanese blockchain startup Soramitsu is exploring new central bank digital currency (CBDC) applications with a new project on the cross-border payment system for Asian...
Bank of England will get more power in regulating stablecoins By Cointelegraph
[ad_1] The United Kingdom government could rebalance the power between the Bank of England (BoE) and the country’s principal financial regulator, the Financial Conduct Authority...
US defense bill may be problematic for USDC and stablecoins: Analysts By Cointelegraph
[ad_1] Circle’s (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate...
Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst By Cointelegraph
[ad_1] © Reuters. Stablecoins cannot be compared to bank deposits in terms of risk, argues a new policy paper authored by former Federal Reserve Board...
Former CFTC chairman says stablecoins can be a bridge between two worlds By Cointelegraph
[ad_1] © Reuters. The former chairman of the United States Commodity Futures Trading Commission (CFTC), Timothy Massad, highlighted the importance of government attention being paid...
BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’ By Cointelegraph
[ad_1] Andrew Bailey, a Bank of England (BOE) governor, delivered a speech July 10 in which he moved smoothly from the central bank’s efforts to...
BUSD falls to fourth position among stablecoins By Cointelegraph
[ad_1] The dollar-pegged Binance USD (BUSD) stablecoin sits now at the fourth position in market capitalization among other stablecoins following a dip of over $1...
Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point By Cointelegraph
[ad_1] On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and . Technicals show that altcoins...
MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform By Cointelegraph
[ad_1] © Reuters. Megabank Mitsubishi UFJ Financial Group (NYSE:) has announced its stablecoin issuance platform “Progmat Coin” will soon be used by banks in Japan...
Stablecoins are a critical countermeasure to Operation Chokepoint By Cointelegraph
[ad_1] Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least...