UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
Industry groups argue they see inconsistencies in regulatory plans by the Bank of England and the Financial Conduct Authority.
Cryptodollar Minting Protocol M^0 Will Allow Institutions to Issue Stablecoins Backed by U.S. Treasuries
A kind of ‘money middleware for the digital age,’ the M^0 smart contract ruleset aims for institutional grade stablecoins that are decentralized and interoperable.
Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says
Other stablecoins such as USD Coin may benefit from the coming regulatory crackdown and gain market share, the report said.
Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports
Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox.
Frax Finance’s Layer 2 Fraxtal to Debut in February: Founder
Kazemian expects Fraxtal to debut with a bang, attracting at least several hundred million dollars worth of crypto assets in the first month.
Big Wall Street CEO Addresses Controversy Around Tether’s Stablecoin Assets: ‘They Have the Money’
Tether's $95 billion USDT has been dogged by questions around whether it actually holds the assets it says are backing the stablecoin. Cantor Fitzgerald's Howard Lutnick, whose firm manages...
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.
Circle Issues Euro-Backed Stablecoin EURC Natively on the Solana Blockchain
Circle aims to boost around-the-clock foreign exchange transactions and remittances by deploying EURC on Solana.
Tether Scores Second-Lowest Rank in S&P Global Stablecoin Stability Assessment
USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat.