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Stablecoins
The Benefits of Assets Tokenization
We need to start thinking of blockchains as infrastructure for financial innovation rather than concentrating on the prices of a few digital assets, like bitcoin and ether, says WisdomTree’s digital of digital assets, Benjamin Dean.
Finance Protocol Usual Introduces Stablecoin Backed by Real-World Assets
Profits are redistributed to the community by rewarding token holders with yields.
Stablecoin USDC Is Making a Comeback: Coinbase
Total market cap of Circle's USDC has increased faster than that of larger rival Tether's USDT in recent months, the report said.
South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases
The Intergovernmental Fintech Working Group is also considering the effect of tokenization on domestic markets.
Hong Kong Doubles Down on Stablecoin, OTC Rules Promise
Public consultations on stablecoins and over-the-counter trading are already in progress.
UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
Economic Secretary to the Treasury Bim Afolami has said the U.K. government was "pushing very hard" to bring legislation for stablecoins and staking services for crypto assets within six months.
U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan
USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.
U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength
Despite some fears in government circles that crypto could undermine the dollar, the Fed governor said that the use of dollar-dependent stablecoins can boost the dollar's reach.
New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report
The central banker said fiat money is more credible than stablecoins because it has the power of government behind it.
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.
