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stablecoins

Australian commercial bank launches stablecoin for cross-border transactions
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18 March, 2023

Australian commercial bank launches stablecoin for cross-border transactions

The fully-banked stablecoin will enable transactions across seven leading fiat currencies, including the U.S. dollar, euro, and yen, in an...
Is Hong Kong opening up to digital assets?
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7 March, 2023

Is Hong Kong opening up to digital assets?

Many may see Hong Kong's latest regulation as a welcoming to digital asset exchanges, but the stringent requirements for licenses...
Coinbase delisting BUSD as SEC stablecoin scrutiny mounts
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28 February, 2023

Coinbase delisting BUSD as SEC stablecoin scrutiny mounts

BUSD trading on Coinbase will be suspended on March 13, but BUSD holders will continue to have access to their...
Most stablecoins won’t meet upcoming recommended standards, FSB says
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28 February, 2023

Most stablecoins won’t meet upcoming recommended standards, FSB says

The Financial Stability Board is set to publish recommendations for stablecoin regulations this year, and it says most existing stablecoins...
Bank of Israel reveals plan for proposed stablecoin regulation, supervision
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28 February, 2023

Bank of Israel reveals plan for proposed stablecoin regulation, supervision

Israel's proposed legislations in regulating stablecoins include restricting algorithmic stablecoins and uncollateralized assets, as well as "borrowing" the EU's MiCA...
Paxos stops minting BUSD—is Binance stablecoin finished?
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23 February, 2023

Paxos stops minting BUSD—is Binance stablecoin finished?

Paxos CEO Charles Cascarilla said that the decision was not linked to the NYDFS order, clarifying that "The market has...
SEC plans to sue Paxos over Binance USD stablecoin, stay tuned
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13 February, 2023

SEC plans to sue Paxos over Binance USD stablecoin, stay tuned

The SEC has sent a "Wells notice" to Paxos Trust over its use of BUSD; although Paxos' BUSD is "approved...
Tether claims $700M ‘profit’ in Q4, won’t say how
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13 February, 2023

Tether claims $700M ‘profit’ in Q4, won’t say how

Tether CTO Paolo Ardoino gave an interview in which he celebrated Tether's ability to redeem $7 billion—10% of its alleged...
BIS developing new tool to monitor stablecoin balance sheets
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12 February, 2023

BIS developing new tool to monitor stablecoin balance sheets

Under Project Pyxtrial, the Bank for International Settlements is developing a tool for central banks to monitor stablecoins in a...
Why did Circle terminate HandCash USDC accounts?
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8 February, 2023

Why did Circle terminate HandCash USDC accounts?

After his brief hiatus, Joshua Henslee is back in the game as he speculates why stablecoin issuer Circle suddenly terminated...
HandCash on Circle termination: It may have happened for the best
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7 February, 2023

HandCash on Circle termination: It may have happened for the best

USDC Circle has terminated BSV wallet HandCash's agreements, a move that suspends HandCash's top-up functionality with a debit or credit...
Hong Kong Monetary Authority skeptical against algorithmic stablecoins
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5 February, 2023

Hong Kong Monetary Authority skeptical against algorithmic stablecoins

In the "Conclusion of Discussion Paper on Crypto-assets and Stablecoins," HKMA confirmed that it received 58 submissions, urging it to...