Category: Stablecoins

Ethereum community explodes over proposed stablecoin act from U.S. representatives

The crypto community was slammed with news earlier this week that U.S. House representatives are looking to crack down on stablecoins. The Office of Congresswoman Rashida Tlaib, who is heading this new proposed legislation, wrote in a press release announcing this move: “The COVID-19 Pandemic has exposed numerous barriers to accessing and utilizing mainstream financial…

December 5, 2020
Coin Center Donations Top $100K Worth of Dai Following Anti-Stablecoin Bill Proposal

Donations in dai, USDC, and ether were sent to Coin Center via Gitcoin.

December 4, 2020
US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation

The Treasury Department wants state and federal regulators to keep a vigilant watch on digital asset innovation.

December 4, 2020
Everyone’s talking crypto for solving sub-Saharan Africa’s payments problems

Stablecoins and continentwide regulations are key to breaking down barriers to Africa’s economic growth.

December 3, 2020
China’s answer to Bitcoin could wreck Macau’s multi billion casinos

China has been a long time critic of Bitcoin despite its unwavering support for digital finance and payments. It even started the grassroots development for its own digital currency—to prevent the proliferation of Bitcoin—back in 2015 that is close to an official launch. But observers say the digital Yuan, officially the Digital Currency Electronic Payment…

December 3, 2020
US lawmakers seek to make stablecoins illegal without federal approval

A new bill introduced to Congress seeks to control the entire stablecoin industry by requiring all related activities to obtain federal approval first

December 2, 2020
US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters

Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S.

December 2, 2020
USDC Stablecoin Issuer Centre Hires Wall Street Veteran David Puth as CEO

Centre, the Coinbase- and Circle-founded project that oversees the USDC stablecoin, has hired Wall Street veteran David Puth as its new CEO.

December 1, 2020
Libra Rebrands to ‘Diem’ in Anticipation of 2021 Launch

The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.

December 1, 2020
ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins

ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin, and Facebook’s Libra The president of the European Central Bank (ECB), Christine Lagarde, shared her view on the future of…

November 30, 2020