Stablecoins

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

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

The total supply of issued stablecoins has grown 94% since early February, according to The Block Research’s findings. In that time, the total supply grew from $5.68 billion to $11.0 billion. During May, that figure rose from $9.6 billion to $11 billion. As shown in the chart below, the vast majority of stablecoin growth has …

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Stablecoins' rising demand to attract increased regulation

Stablecoins’ rising demand to attract increased regulation

Cryptocurrency markets have seen steady growth; increased regulatory clarity has enabled greater adoption. With growing uncertainty in the global markets, many have turned to crypto as a safe-haven asset for long-term investment. Along with these developments, it is also interesting to note 2020 has been a significant year for stablecoins in general. As adoption in …

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