Key Takeaways Tether has hit out at Deutsche Bank over its report claiming that most stablecoins, including Tether’s USDT, are likely to face ‘significant turbulence’ and fail owing to a lack of transparency and vulnerability to speculative sentiment. “While some…
Key Takeaways In a recent jury trial, Terraform Labs and its co-founder, Do Kwon, were found liable on civil fraud charges brought by the U.S. Securities and Exchange Commission (SEC) concerning the collapse of the Terra ecosystem in May 2022. …
The announcement made by Hong Kong's ZA Bank that it will provide specific banking services for stablecoin producers is expected to hasten the local adoption of Web3.
Key Takeaways Nick van Eck, son of Jan van Eck, the CEO of VanEck, a prominent $90 billion asset management firm, is set to launch a new stablecoin named Agora digital dollar (AUSD). The initiative follows a successful $12 million…
Key Takeaways Tether, the force behind USDT stablecoin, recently boosted its Bitcoin reserves with an acquisition of 8,888 BTC on March 31, valued at $618 million. This move marks a significant step in Tether’s ongoing Bitcoin accumulation strategy, pushing its…
US Senator Cynthia Lummis is drafting legislation on stablecoins, a kind of cryptocurrency whose value is based on real-world assets to maintain price stability.
Key Takeaways The Crypto Council for Innovation (CCI) has raised significant concerns regarding proposed stablecoin regulations in Hong Kong, outlined in a consultation paper by the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB).…
Within the next six months, the UK hopes to enact new legislation governing stablecoins and cryptocurrency staking.
Key Takeaways Amidst a backdrop of regulatory uncertainties, TrueUSD (TUSD), a stablecoin associated with blockchain entrepreneur Justin Sun, has experienced a drop below its $1 peg. Reports suggest that holders are opting to cash out hundreds of millions of dollars’…
Key Takeaways The European Union’s push for comprehensive crypto regulation took center stage as the European Banking Authority (EBA) held a public hearing to deliberate on proposed operational guidelines for stablecoin issuers under the upcoming Markets in Crypto Assets (MiCA)…
