It is officially possible to transfer dollar-pegged assets on Bitcoin’s base layer.
Circle, the digital fintech firm most famous as the issuer of the USDC stablecoin and, more recently, Euro Coin, has unveiled the launch of Euro Coin on the Avalanche blockchain. Circle anticipates the launch to be the first of many multi-chain launches for its reportedly fully-backed euro-denominated stablecoin. Like USDC, Euro Coin is designed to […]
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This month the total market capitalization of the stablecoin sector within the cryptocurrency space has reached its lowest level since September 2021, marking its fourteenth consecutive month of decline, as it fell 0.45% to $130 billion as of May 23. A…
While the financial system remains safe from crypto right now, growing interconnectedness combined with a run on a major stablecoin could cause that to change, says the EU.
Stablecoin-as-a-Service (SCaaS) provider Stably has unveiled Stably USD (#USD), the first stablecoin operating on the Bitcoin network, according to a May 25 press release. The move introduces #USD as a native BRC20 token to the Bitcoin blockchain. It is an expansion of the Bitcoin Ordinals ecosystem, which was made possible by the network’s Taproot upgrade […]
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Hong Kong Securities and Futures Commission (SFC) has stated that retail traders will not be allowed to trade stablecoins pending new regulatory arrangements for these assets. According to the SFC’s concluded a consultation paper on regulating virtual asset trading platforms by claiming that there is a need to focus on the risks of stablecoin and […]
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