The Australian Financial Review (AFR) recently reported that the National Australia Bank (NAB) has developed a stablecoin called AUDN that it intends to introduce in the middle of 2023.
According to NAB, the…
Japanese regulators are reportedly reconsidering the ban on trading in stablecoins like USDT and USDC in the new year. Right now, there are 31 cryptocurrency exchanges registered with Financial Services…
Tron's stablecoin USDD still struggles to maintain its 1:1 exchange rate with the US Dollar further, even as the overall crypto market regains its footing from the FTX aftermath. Today…
Japanese regulators may consider restricting the algorithmic backing of stablecoins as a complement to the landmark legislation on stablecoin that was passed in June. This move is recommended by the Financial Service…
Poloniex has announced that it will suspend deposits and withdrawal functions for stablecoins on the BEP20 (BSC) network effective from November 24. The affected stablecoins include USDT, TUSD, USDC, and…
A bipartisan bill which is gaining steam in the House could lead to a two-year moratorium on issuing so-called algorithmic stablecoins like TerraUSD.
In addition to its digital U.S. dollar and euro custodial solutions, crypto custody platform Anchorage Digital is now adding support for a Japanese yen (JPY) stablecoin, boosting fintech use cases…
Russia is mulling over the possibility of using stablecoins for cross-border settlements in the country.
Russia’s Deputy Finance Minister Alexey Moiseyev was quoted on the local news agency TASS. He stated…
Tether’s USDT, Circle’s USDC and Binance’s BUSD alone have a combined market cap of roughly US$140 billion, making their movements in traditional financial markets increasingly important and significant.
Stablecoin issuers such…
In response to the "Terra/LUNA collapse,” South Korean regulators claim they would take action to control stablecoins.
According to ZDNet Korea, the regulatory Financial Supervisory Service (FSS) has noted that the…