Major Australian bank NAB creates own stablecoin called AUDN
The new stablecoin will be fully backed by the Australian dollar(AUD)
Tag Stablecoin
Russia and Iran starts developing a shared stablecoin based on gold
To facilitate payments in cross-border business operations, the Central Bank of Iran and the Russian Federation are considering creating a stablecoin.
Nigeria to work towards stablecoins regulation and ICOs
A report on the creation of a legal framework for the prospective application of stablecoins has been published by the central bank of Nigeria.
Argentina’s San Luis introduces new bill, to issue US dollar-pegged stablecoin
The stablecoin will be made available to all citizens of the province and will be 100% collateralized in liquid financial assets of the provincial state.
Tron’s stable coin ‘USDD’ loses its peg
The founder team of Tron deployed more capital as its stablecoin USDD deviated from the $1 peg
The USDD Stablecoin Depegs to $0.97
The USDD stablecoin, created by Justin Sun, no longer has a dollar peg. Prior to an hour or so, the USDD decreased to $0.970
Singapore suggests new rules for stablecoin and crypto trading
The Monetary Authority of Singapore has published new proposals for cryptocurrency regulation.
Binance to Stop Supporting Circle’s USDC, Among Other Stablecoins
Binance to remove Spot, Future, and Margin trading with USDC, Pax USDP, and TUSD pairs on September 29 to "enhance liquidity and capital-efficiency for its users."
Out of 132 Stablecoins, Only 50 are Currently Pegged
Key Takeaways: Significant cryptocurrency volatility has affected stablecoins, traditionally seen as the market’s safe havens, with investors withdrawing funds and several losing their peg to their underlying assets. Another point to think about when considering the stability of a stablecoin…
Bank of England calls for Tougher Crypto Rules in its Financial Stability Report
Key Takeaways According to the report, the current market conditions call for enhanced regulatory and law enforcement frameworks to address developments in crypto asset markets and activities. BoE states that a systemic stablecoin backed by a deposit with a commercial…
