To begin with, the strategy is essentially a flash loan strategy, which means users can lend tokens, earn a profit, and repay the loan all in one transaction. If a problem arises during the transaction, the lender loses nothing because…
Michael J. Hsu talked about stablecoins. He discussed three main factors: stability, interoperability, and separability. On April 8, Michael J. Hsu, the acting comptroller of the currency discussed stablecoins at the Institute of International Economic Law at Georgetown University Law…
Follow us on Google News Key Takeaways: Lawmakers in Wyoming has proposed a bill to issue the state’s own stablecoin. The bill has been proposed by State senators Chris Rothfuss and Tara Nethercott in a coalition with Mike Yin and…
Follow us on Google News According to US Treasury Undersecretary for Domestic Finance Nellie Liang, technology companies that aren’t licensed as banks shouldn’t offer crypto stablecoins. Liang told members of the House Financial Services Committee that companies that issue tokens…
Follow us on Google News Key Takeaways: PayPal reportedly confirms plans to explore the launch of a stablecoin. Evidence of the company’s exploration into building a stablecoin was first discovered in PayPal’s app by developer Steve Moser. Work on what…
Follow us on Google News Key Takeaways: VeUSD is VeChainThor’s first stablecoin. The introduction of a completely native stablecoin expands VeChainThor’s options. VeChain announced today that the contract for VeUSD, VeChain’s first native stablecoin, will shortly be live on mainnet,…
Follow us on Google News Key Takeaways: The Financial Services Agency (FSA) of Japan has announced that stablecoins to face new restrictions in Japan. FSA has declared the updated restrictions on stablecoin issuance in the country. Only banks and wire…
