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.
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Latest firstArgentina’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…
Argentines seek refuge in Stablecoins amid High Inflation
Key Takeaways Argentina’s citizens purchased 2-3 times as many stablecoins over the course of a typical weekend. Economy minister Martin Guzmán resigned on Saturday amid high inflation. Leading cryptocurrency exchanges noted that users were looking for an inflation hedge in…
Justin Sun Introduces an Open Letter to Launch USDD in Tron DAO
Key Takeaways The founder of TRON DAO shares an Open letter introducing decentralized USD. It is expected to be issued in the first week of May this year. Earlier today, the founder of Tron DAO, H.E. Justin Sun, issued an…