Stablecoins

More than 1 billion DAI, the stablecoin of lending protocol Maker, has been created

Ethereum was home to nearly 70 percent of all stablecoins as of January

2020 was a breakout year for the stablecoin ecosystem. As illustrated in The Block Research’s new stablecoin report — “Stablecoins: Bridging the Network Gap Between Traditional Money and Digital Value” — the total supply of stablecoins grew nearly ten-fold between January 2020 and January 2021. Monthly transaction volumes also swelled, growing from approximately $23.5 billion …

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Monthly crypto exchange volumes broke $1 trillion for the first time

Adjusted on-chain volume of stablecoins reaches all time high in February

The adjusted, monthly on-chain stablecoin volume hit a new high in February, rising above $360 billion for the first time. As expected, the volume figures were dominated by Tether (USDT). USDT saw 63.5% of the volume, with 18.7% going to USD Coin (USDC) and 9.6% to DAI.  USDT also saw its most-ever volume of $232 …

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More than 1 billion DAI, the stablecoin of lending protocol Maker, has been created

White House releases stablecoin report, says regulators could consider limiting ‘multi-currency stablecoins’

The White House has released a statement on regulatory considerations for stablecoins — and it includes the potential for limitations on “multi-currency stablecoins.” The statement comes from the President’s Working Group on Financial Markets, which is a Treasury-centric working group that makes recommendations to the president and federal regulators.  The group highlighted the importance of anti-money …

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VXT token — The gateway token for global stablecoins and DeFi world – VXT Participation starts on Sep 14th

VXT token — The gateway token for global stablecoins and DeFi world

VXT Participation earing starts on Sep 14th Join the VirgoX Official Discord Server! Check out the VirgoX Official community on Discord – hang out with 206 other members and enjoy free voice and t VXT Participation earing starts on Sep 14th Join the VirgoX Official Discord Server! Check out the VirgoX Official community on …

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U.S SEC, OCC issue first regulatory guidance for stablecoins 

U.S SEC, OCC issue first regulatory guidance for stablecoins 

U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should …

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EU finance ministers call for restrictions on stablecoin issuers

European Union official pledges action on stablecoins after calls for new curbs

A senior official for the European Union’s executive branch said Saturday that concerns among the bloc’s finance ministers about stablecoins will be addressed in future legislation. On Friday, finance ministers from major EU members like Germany and France called for heightened restrictions on stablecoin activities in the region. The next day, during a press conference, …

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The total supply of stablecoins has grown 94% since early February

Adjusted transaction volume for stablecoins hit new all-time high in June: data

The adjusted transaction volume for stablecoins hit a new all-time high in June, according to data collected by The Block. The development represents the third month in a row that the figure was above $40 billion, beating the previous high seen in April. Once again, that adjusted transaction volume was dominated by Tether. The data …

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