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Bitcoin News / Bitcoin.com - 3 years ago

Brazilians Turn to Stablecoins as Alternative to US Dollar for Hedge Against Volatility

Brazilians are turning to stablecoins as a way of shielding themselves from the volatility of economic circumstances. This is happening now in the wake of the inauguration of the new government of Luis Inacio “Lula” Da Silva. Ac...

Bitcoin News / Bitcoin.com - 3 years ago

Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023

The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, t...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Binance pushes back against report stablecoin isn’t fully backed

The crypto exchange said there was a “timing mismatch in backing Binance-Peg BUSD with BUSD” that seemingly showed data in which the stablecoin was not fully backed. M...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements

MP Andrew Griffith and colleagues spoke before a hearing of the U.K. parliamentary Treasury Committee about payments technology and CBDC. The United Kingdom remains co...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Cosmos EUR stablecoin project to unwind after 2 years

“The lack of real-world applications for blockchain has led to low demand for non-USD stablecoins,” e-Money wrote. According to a Jan. 9 Medium post, e-Money — a stabl...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Nigeria to create the stablecoins and ICOs legal framework

The necessity to create a legal framework for stablecoins is marked in the latest Central Bank of Nigeria strategy paper. As one of the world’s pioneers in adopting i...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Nigeria to create legal framework for stablecoins and ICOs

The latest strategy paper from the Central Bank of Nigeria marked the necessity to create a legal framework for stablecoins. As one of the world’s pioneers in adoptin...

Bitcoin News / Bitcoin.com - 3 years ago

New Nigerian Central Bank Document Discusses Regulation of Stablecoins and ICOs

According to a recently unveiled document, the Nigerian central bank will in the future be open to developing a regulatory framework for potential implementations of stablecoins. The document also discusses the regulation of initial coin offerings (I...

Bitcoin News / Bitcoin.com - 3 years ago

Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin

Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all cryptocurrency deposits and withdrawals would be paused...

Cryptocoins News / Blockchain  - 3 years ago

Hong Kong Politician Seeks DeFi-Based Stablecoin CBDC

Hong Kong authorities are currently considering issuing a CBDC as a government-backed stablecoin. Wu Jiezhuang, a Legislative Council member of the Hong Kong Special Administrative Region, thinks converting e-HKD into a stablecoin will mitigate Web3...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi

A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to private stablecoins. Hong Kong authorities ar...