National Australia Bank announces completion of first-ever cross-border stablecoin transaction
The intrabank transfer used NAB’s fully backed AUDN stablecoin and was issued as an ERC-20 token.
Tag Stablecoin
Ether and Stablecoins are commodities, asserts CFTC chair
Behnam asserted that it "would not have allowed" Ether futures products to be listed on CFTC exchanges if it "did not feel strongly that it was a commodity asset."
Stablecoin issuer Tether falsified documents to start bank account, report claims
The report claims that Crypto Capital Corp., a "shadow bank" held Tether funds before being shut down by authorities in 2018.
Stablecoin issuer Paxos probed by SEC over BUSD offering, report
The United States Securities and Exchange Commission plans to sue stablecoin issuer Paxos, over its Binance USD (BUSD) token,
PayPal Puts Stablecoin Debut Plans on Hold
According to reports, efforts to launch PayPal's (PYPL) own stablecoin have been temporarily suspended.
BIS Innovation Hub to launch the Stablecoin Monitoring Project
The bank for central banks is establishing a platform to track stablecoin balance sheets while also extending its CBDC research.
Major Australian bank NAB creates own stablecoin called AUDN
The new stablecoin will be fully backed by the Australian dollar(AUD)
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.
