Stablecoins News
US Accountability Office says regulators need ‘coordination mechanism’ to tackle crypto oversight
The U.S. Accountability Office (GAO) believes significant regulatory gaps in the crypto industry — specifically related to spot cryptocurr...
The curious case of stablecoins amid slumping crypto market
Stablecoin sharks and whales have not converted to other assets despite downtrend. The crypto market cap remained above $1 trillion. Amidst ...
Former CFTC chairman says stablecoins can be a bridge between two worlds
The previous chairman of the United States Commodity Futures Trading Commission (CFTC), Timothy Massad, highlighted the importance of govern...
Tokenized Deposits as Alternative to Stablecoins Favored by South Korean Banks in Preparation for CBDCs
South Korean banks are favoring Certificate of Deposit (CD) tokens as potential alternatives to “volatile” stablecoins, as reported by t...
South Korea’s Hana Bank to Work on CBDC and Stablecoin Alternatives
South Korea’s KEB Hana Bank is set to work with the central Bank of Korea (BOK) on the latter’s CBDC pilot and stablecoin alternatives, ...
Ripple Boasts New Partnership to Test Issuing Crypto, CBDCs and Stablecoins
A recent blog post published by Ripple shares that the blockchain behemoth has added Super How blockchain tech research lab to work on the A...
Stablecoin Market Cap Declines for Sixteenth Consecutive Month, USDT Maintains Dominance
July marked the 16th consecutive month of declining market capitalization for stablecoins, according to the latest report by CCData. The tot...
Crypto-Based Bank Receives Support from Myanmar’s Shadow Government
Myanmar is all set to launch its first fully crypto-based banking institution, the Spring Development Bank, on July 22. The Spring Developme...
Yield App Review 2023 – Features, Pros & Cons
Yield App is a crypto super-app. It lets users convert from fiat to crypto instantly, swap between tokens in a click, and earn up to 11% APY...
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank...
South Korea’s Oldest Bank Is Testing Stablecoins for Remittances
South Korea’s Shinhan Bank recently completed a stablecoin remittance proof-of-concept pilot on the Hedera Network that could make bank pa...
S. Korea’s Shinhan Bank, SCB TechX, complete second stablecoin trial on Hedera
Shinhan Bank, the second largest bank in South Korea, and SCB TechX, the technology unit of the oldest bank in Thailand, Siam Commercial Ban...