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Bitcoin News / Bitcoin.com - 3 years ago

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit

Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Moody’s to build scoring system for stablecoins: Report

Moody's is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets. Risk assessment firm Moody's Corporation is allegedly devel...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries

Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization. St...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Algorithmic stablecoin market share dropped by 10x from ATH: Report

The stablecoin market, in general, is going through hard times, though the algorithmic coins suffered the most. The notorious failure of the Terra USD (UST) stablecoi...

Bitcoin News / Bitcoinist - 3 years ago

Cardano Stablecoin Djed Launch Confirmed, ADA Poised For $1?

The stablecoin Djed is expected to drive new growth and new use cases in the burgeoning decentralized finance (DeFi) space of the Cardano ecosystem. In recent weeks, the Djed developer, COTI Network, has stated that the stablecoin will definitely be...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Stablecoins and CBDCs might play 'meaningful role' in payments — Visa CEO

Visa began working on a blockchain interoperability project in September 2021 to support CBDC and stablecoin adoption but few updates have been made since. The chief...

Bitcoin News / Bitcoin Magazine - 3 years ago

After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin

With their newly-announced stablecoin experiment doomed to fail, Russia and Iran will soon learn Bitcoin is the solution that they want.This is an opinion editorial by Q Ghaemi, a stocks and bitcoin analyst and author of the Qweekly Update newsletter...

Cryptocoins News / Blockchain  - 3 years ago

Japan to Adopt New Stablecoin Regulations

Japan's Financial Services Agency (FSA) is trying to legalise stablecoin distribution. New 2023 legislation enable stablecoins like Tether (USDT) and USD Coin (USDC). (Read More)

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K

Bitcoin price continues to press higher this week as demand for stablecoins and a key BTC price metric suggests bulls have a “healthy appetite.” Bitcoin (BTC) rallied...

Bitcoin News / Bitcoin.com - 3 years ago

Fluid Finance Proposes to Integrate the DAI Decentralized Stablecoin Directly Into the Traditional Financial System

PRESS RELEASE. Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stablecoin could be purchased directly from a bank account. Jessica Walk...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Japan’s FSA expects to allow certain stablecoins by June 2023

There is yet no opportunity to know whether US dollar-backed stablecoins like USDT or USDC will be allowed in Japan by June 2023, the FSA said. Japan’s new regulation...

Bitcoin News / Bitcoin.com - 3 years ago

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs

The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digi...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Chinese blockchain project aims to be the 'SWIFT' of stablecoins and CBDCs

A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm with a tenure building China’s national blockchain project. A Hong Kong-ba...