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Stablecoins
Lawmakers Overwhelmingly Back EU's MiCA Crypto Law in Committee Vote
The landslide support paves the way for the landmark crypto licensing regulation to take effect in 2024.
Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse
USDC's utility has taken a hit in the wake of Binance's decision to consolidate order books and Circle's decision to freeze addresses associated with Tornado Cash.
Stablecoins’ Role in Cutting International Payment Costs Probed by Payments Watchdog
The Committee on Payments and Market Infrastructures wants to know if stablecoins can fulfil their promise of cheaper, quicker transactions, according to a new Financial Stability Board report.
Global Crypto Standards Due Next Week Could Test Regulators’ Tech Mantra
Financial-stability norms to be set out next week could seek to extend financial regulations to the crypto world - or could seek to go in a whole new direction.
EU Seals Text of Landmark Crypto Law MiCA, Fund Transfer Rules
Legal texts to license crypto firms and vet transactions were agreed to by national diplomats after political deals struck in June.
Andrew Yang, an Ex-US Presidential Candidate, Joins Web3 Platform Pool Data as Adviser
The data monetization platform is launching crypto-based market infrastructure, payments rails and consumer-ready app tools.
US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator
The Treasury-led Financial Stability Oversight Council has responded to President Joe Biden’s executive order with calls for greater regulatory reach into markets, crypto firms’ affiliates and outside service providers.
Even 'Safe' Stablecoins Might Pose Financial Stability Risk, New York Fed Says
Researchers at the Federal Reserve Bank of New York published a new paper claiming Circle's USDC stablecoin poses a risk to the broader financial system.
Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
Celsius had asked for permission to sell millions in stablecoins to fund itself, but Texas is arguing the bankruptcy court should reject the request.
Jack Dorsey’s TBD Teams Up With Circle to Take US Dollar Stablecoin Savings and Remittances Global
The partnership aims to improve people’s access to dollar-linked stablecoins in countries with rapidly devaluing currencies.
