Tag: Stablecoins

Terraform Labs’ LUNA is becoming rapidly one of the crypto market’s best performers, having gained around 80% in value in the last week, upping bigger than either Shiba Inu or Avalanche. An upcoming network upgrade has driven its surge. In addition, JPMorgan’s expert said that terra’s stablecoin mechanism is suitable for cross-border payments. The gains…

The World Economic Forum (WEF) published a resource suite about digital assets, including central bank digital currencies (CBDCs) and stablecoins. More than 85 members of the WEF Digital Currency Governance Consortium contributed eight white papers to inform lawmakers and individuals in the private sector. The World Economic Forum announced on Friday its Digital Currency Governance…

Depending on who you ask, cash will not remain king. The Covid-19 pandemic not only accelerated the shift toward digital and contactless payments but also led to a more mainstream acceptance of physical cash alternatives like cryptocurrency that will likely stay, economist Eswar Prasad tells CNBC Make It. “For many consumers and businesses that made…

The US Treasury Department is reportedly allowing the US Securities & Exchange Commission (SEC) to take the lead in regulating stablecoins, including Tether and USD Coin. A highly anticipated report expected to be published later this week will state that the SEC will have significant authority over stablecoins. A few people familiar with the matter…

Once again, our prediction comes true: financial regulators have rapidly increased the pressure on stablecoins. More so than cryptocurrencies in general, they view them as the main competitor to fiat money today. On September 20, speaking to a Washington Post columnist (https://www.washingtonpost.com/washington-post-live/2021/09/21/path-forward-cryptocurrency-with-gary-gensler-us-securities-exchange- commission-chair /), chair of the US Securities and Exchange Commission (SEC) Gary Gensler…

There are two big questions on everyone’s lips now, writes Michael Garbade on Cointelegraph: What exactly is Facebook’s Diem, and what it will offer its potential 2 billion users? The year 2021 seems to be a big year for the blockchain world as several projects, such as nonfungible tokens (NFTs) and centralized decentralized finance exchanges…