Category: Stablecoins
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Crypto Oversight Needed For Stablecoins
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Popular stablecoins, or digital assets designed to have a “relatively stable price,” are of interest to policymakers. While these cryptocurrency units are more stable than their counterparts, a recent Financial Services Oversight Council (FSOC) report suggests they could pose risks to financial markets. precisely, Financial Stability Oversight Board Annual Report…
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Stablecoins Are Not Your Friends
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Stablecoins are often pitched as a stopgap, or a friendly tool for people in the developing world who can’t handle the volatility of Bitcoin. It’s framed as something that complements Bitcoin, rather than in competition with it. Nothing could be further from the truth. Bitcoiners have typically used the image…
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Stablecoins Are Not Your Friends
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Stablecoins are often pitched as a stopgap, or a friendly tool for people in the developing world who can’t handle the volatility of Bitcoin. It’s framed as something that complements Bitcoin, rather than in competition with it. Nothing could be further from the truth. Bitcoiners have typically used the image…
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Global Adoption Of Stablecoins Leaves US In The Dust—Report
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Adoption of stablecoins by US-based consumers is facing a problem Slowdown in 2024 Even as there is increased activity in Bitcoin which rose in popularity after the launch of Bitcoin exchange-traded funds. The chart below shows a decline in transactions made by US-regulated platforms in just under a year. This…
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Global Adoption Of Stablecoins Leaves US In The Dust—Report
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Adoption of stablecoins by US-based consumers is facing a problem Slowdown in 2024 Even as there is increased activity in Bitcoin which rose in popularity after the launch of Bitcoin exchange-traded funds. The chart below shows a decline in transactions made by US-regulated platforms in just under a year. This…
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Stablecoins represent 40% of crypto economy in Sub-Saharan Africa
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As companies shift to dollar-linked options, stablecoins now account for more than 40% of the cryptocurrency economy in Sub-Saharan Africa. Stablecoins have emerged as a vital component of the cryptocurrency economy in Sub-Saharan Africa, accounting for about 43% of the region’s total transaction volume, according to a recent study. a…
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Stablecoins represent 40% of crypto economy in Sub-Saharan Africa
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As companies shift to dollar-linked options, stablecoins now account for more than 40% of the cryptocurrency economy in Sub-Saharan Africa. Stablecoins have emerged as a vital component of the cryptocurrency economy in Sub-Saharan Africa, accounting for about 43% of the region’s total transaction volume, according to a recent study. a…
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Forget Meme Coins Or Stablecoins, DeFi Leads In Fees Generation On Ethereum
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Ethereum remains by far the largest smart contract platform by market cap. The network, which ranks second on the market cap leaderboard, hosts decentralized applications across multiple verticals. While Metaverse, gaming, and NFT activity has since dissipated, DeFi is standing and looking forward to a steady recovery in total value…
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EU’s MiCA regulation puts stablecoins at risk
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Tether CEO Paolo Ardoino believes that MiCA’s recent regulatory move puts banking systems and the use of stablecoins in the EU at “systemic risk.” Recently interview With Cointelegraph, Ardoino shared his concerns about the MiCA regulations that were passed and went into effect on June 30. See below. The newly…
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EU’s MiCA regulation puts stablecoins at risk
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Tether CEO Paolo Ardoino believes that MiCA’s recent regulatory move puts banking systems and the use of stablecoins in the EU at “systemic risk.” Recently interview With Cointelegraph, Ardoino shared his concerns about the MiCA regulations that were passed and went into effect on June 30. See below. The newly…
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Trump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial Hegemony
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This past Saturday, former president Donald Trump addressed the Bitcoin 2024 conference in Nashville, Tennessee, expounding upon the crypto and bitcoin policies likely to be implemented as part of a likely future Trump administration. Speaking in front of a banner emblazoned with the logo of Xapo bank, an institution which…
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Stablecoins Are Coming To Bitcoin’s Lightning Network
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The world of financial assets and altcoins has officially arrived in Bitcoin. And if it wasn’t already clear after the new series of protocols spawned by the Ordinals movement, launch Lightning Labs’ native Taproot Assets protocol feels like a dedication to this phenomenon. More than two years after the protocol…
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Circle’s USDC Emerges as Top Beneficiary of EU’s Push for Compliant Stablecoins
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The MiCA regulation has created a growing demand for compatible stablecoins, with Circle’s USDC emerging as a major beneficiary of this trend. In fact, USDC is driving demand for regulated stablecoins, according to French blockchain analytics firm Kaiko. Increased demand for USDC after MiCA In its latest release a reportKaiko…
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Crypto As A Weapon? Russia Considers Stablecoins To Fight Sanctions
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Russia’s shift towards stablecoins comes against the backdrop of its presidency of the BRICS group (Brazil, Russia, India, China, and South Africa). BRICS The BRICS countries have previously discussed creating a digital currency-based payment system, the BRICS Bridge, to reduce reliance on the US dollar-dominated global financial system. But sanctions…
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Crypto As A Weapon? Russia Considers Stablecoins To Fight Sanctions
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Russia’s shift towards stablecoins comes against the backdrop of its presidency of the BRICS group (Brazil, Russia, India, China, and South Africa). BRICS The BRICS countries have previously discussed creating a digital currency-based payment system, the BRICS Bridge, to reduce reliance on the US dollar-dominated global financial system. But sanctions…
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J.P. Morgan bullish Stablecoins – see the market ‘growing again’
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JP Morgan says the rise in cryptocurrencies/Bitcoin so far this year has been a major boost to growth in stablecoins: In contrast to last year when market participants were still reeling from the collapse of several prominent crypto entities, the regional banking crisis, and of course the Fed’s tightening campaign,…
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Circle Executive Says Euro Stablecoins Will Boom After MiCA Goes Live In 2 Weeks
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Patrick Hansen, a senior policy executive at Circle, an issuer of USD and EUR stablecoins, believes that euro-based stablecoins will continue to rise in the coming days. Moving on to X, Hansen male The number of transactions made using Euro stablecoins is 1.1%. Euro against the stable US dollar Source:…
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Circle Executive Says Euro Stablecoins Will Boom After MiCA Goes Live In 2 Weeks
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Patrick Hansen, a senior policy executive at Circle, an issuer of USD and EUR stablecoins, believes that euro-based stablecoins will continue to rise in the coming days. Moving on to X, Hansen male The number of transactions made using Euro stablecoins is 1.1%. Euro against the stable US dollar Source:…
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Ripple Finalizes Acquisition of Standard Custody, Appoints CEO as SVP for Stablecoins
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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The race between stablecoins and CBDCs
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Alisa DiCaprio from R3, Sian Jones from XReg Consulting, and Ran Goldi from Fireblocks shared their views on the current state and future of CBDCs compared to privately issued stablecoins. In a panel discussion at Money20/20, the three professionals discussed the potential for cooperation or competition between central bank digital…