Stablecoins News
Why India has been unwelcoming to stablecoins
India’s central bank highlighted several potential risks that stablecoins posed to emerging markets and developing economies. RBI underlin...
FSB finally publishes global regulatory framework for crypto activities
The Financial Stability Board (FSB) has completed its global regulatory framework for crypto asset activities, aiming to enhance the consist...
Arthur Hayes’s “Holy Grail” Stablecoin DeFi Project Ethena Raises $6M
Ethena is a startup that is developing a stablecoin and digital savings bond that will be backed by derivatives. The stablecoin will be back...
Aave deploys DAI stablecoin competitor on Ethereum
Aave has launched its algorithmic stablecoin, GHO, backed by multiple crypto assets, including ethereum (ETH). GHO will be an alternative to...
Cardano: How stablecoins are pulling the strings for a green ADA
DJED, a popular stablecoin on Cardano, witnessed a massive spike in volume. The price of ADA recovered after the lawsuit, however, developme...
Stablecoin Market Cap Shrink Could Be a Sign That Crypto in Recovery Phase
The total stablecoin market cap has been steadily declining as one dominant market player emerges. According to analysts, this could be a ma...
Stablecoins are here to stay, but lopsided growth won’t help
Nearly 75% of all transactions on centralized crypto exchanges involved a stablecoin. The lopsided growth sparked concerns about weaknesses ...
Circle CEO Warns Congress to Prioritize Stablecoin Regulation to Keep Dollar Hegemony
The CEO of stablecoin issuer Circle has urged Congress to move forward with stablecoin regulations to make digital US dollar payments faster...
Circle CEO spells doom scenario for US dollar in warning to Congress
The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warn...
Terra Co-founder Do Kwon Denies $39.6M Crypto Asset Freeze
Do Kwon, the CEO of Terraform Labs and the man behind the collapsed LUNA ecosystem, has denied a report from South Korean news outlet News1 ...
Tether FUD Finally Over Amid Recent Partnership With Top 5 Accounting Firm?
An independent review from global accounting giant BDO has reported that the stablecoin issuer’s total assets exceed its consolidated ...
aUSD Depegs by 99% Amid Hacker Issuing 1 Billion Tokens
Another stablecoin has shown itself to be anything but stable after the Polkadot-based DeFi hub Acala Network was hacked on August 14, causi...