Category: Stablecoins

Visa reaffirms commitment to crypto payments & fiat on-ramps

The payments giant is bullish on stablecoins, but may be overlooking the potential of DeFi

January 30, 2021
Visa May Add Cryptocurrencies to Its Payments Network, Says CEO

The payments company works with wallets and exchanges to enable crypto purchases, and could eventually use digital currencies over blockchain in the same way it processes traditional money.

January 30, 2021
US Federal Reserve Looking to Hire a Manager to Research Stablecoins and CBDCs

The job listing follows comments made by Fed Chair Jerome Powell in recent weeks where he said the central bank needed “better regulatory answers” for global stablecoins.

January 29, 2021
BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack

Bank for International Settlements (BIS) general manager Agustin Carstens has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable” to a 51% attack. A long time bitcoin (BTC) skeptic, Carstens stressed that only central banks should be issuing digital currencies. “Investors must be cognizant that bitcoin may well break down altogether,” he opined,…

January 28, 2021
Study: 60% of Digital Asset Holders Store Funds on Exchanges While Half Derive an Income From Crypto

Despite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their cryptocurrencies on an exchange.” In contrast, 26% of the…

January 28, 2021
EMURGO, Ergo, and IOHK announce AgeUSD, the first stablecoin that will come to Cardano

The Ergo Foundation, EMURGO, and IOHK have announced AgeUSD, a stablecoin protocol based on the Ergo blockchain. According to Roman Pellerin, the CTO of IOHK, the crypto-backed algorithmic stablecoin will also be available on Cardano once its smart contract functionality is unlocked. A new type of stablecoin to launch on the Ergo blockchain EMURGO, a…

January 26, 2021
What Tether Means When It Says It’s ‘Regulated’

Representatives say the $25B stablecoin is “regulated” but the issuer doesn’t look like a financial institution bound by norms and laws.

January 26, 2021
Bank of England governor is bearish on Bitcoin, but sees growth of CBDCs

The crypto skeptic made the comments in an online discussion during this year’s Davos agenda. Bitcoin not the solution? Bank of England governor Andrew Bailey does not see Bitcoin and other cryptocurrencies existing in their current forms for a long period, especially as the broader technology sector develops further. [WATCH] Bank of England Governor, Andrew…

January 26, 2021
Galaxy, Coinbase Bet $25M on DeFi Using Terra Stablecoins

The backing will help Terraform Labs build more apps on its Tendermint-based blockchain.

January 26, 2021
Bank of England Governor Insists Digital Payments (but Not Crypto) Are Sticking Around

BoE Governor Andrew Bailey said cryptocurrencies “as originally formulated” are not the ideal form of digital currency.

January 25, 2021