Tag: Stablecoin

USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption. Ignore the doomsayers. The United States is still the world’s leading economy and will remain so in the future. With its global talent pool and world-class institutions, the U.S. has a competitive edge in virtually every…

A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail. A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds. The partisan bill, introduced on May 10 by New York…

The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults. Stablecoin issuer Circle has reportedly adjusted its reserves treasury in an effort to reduce the risks of United States debt defaults. According to a May 10 Politico newsletter, Circle CEO Jeremy Allaire said that the firm has adjusted the mix of…

The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident. Decentralized Finance (DeFi) protocol DEUS has lost over $6 million due to a security breach on its stablecoin DEI. The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on…

Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency said. Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust…

Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments. Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments. Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new…