China pays closer attention to stablecoins as cross-border role expands
China’s central bank is paying closer attention to stablecoins as privately issued digital currencies take on a potentially larger role in the international monetary system...
Tag : stablecoins
China’s central bank is closely monitoring stablecoins in cross-border payments
The People’s Bank of China said stablecoins could play a larger role in cross-border payments and called for closer monitoring of their impact on the...
TradFi advisors want stablecoins, tokenization over Bitcoin: Bitwise
Advisors to some of the largest financial institutions are taking more of an interest in stablecoins and tokenization than in Bitcoin, which could help pull...
Bitcoin loses advisor spotlight as stablecoins and tokenization rise, Bitwise CIO says
Bitwise Chief Investment Officer Matt Hougan said financial advisors are still interested in crypto, but their focus is moving beyond Bitcoin. Summary Matt Hougan said...
JPMorgan, Citi, and Bank of America Just Built a Tokenized Payment Network to Kill Stablecoins
JPMorgan, Citi, Bank of America, and Wells Fargo are building a shared Tokenized Deposit Network to challenge stablecoins. It goes through The Clearing House, targeting...
'Looksmaxxing' Trend Spawns $100M Gray Market Fueled By Bitcoin, Stablecoins: Chainalysis
In brief The crypto-powered gray-market peptide market has surpassed a $100 million annual run rate, according to Chainalysis. Demand surged alongside the rise of the...
Revolut US bank plans stablecoins alongside FDIC-insured accounts: Report
Fintech company Revolut plans to offer stablecoins through its future US bank, Reuters reported Wednesday, citing comments from the company’s US CEO, Cetin Duransoy. Duransoy...
New York and Europe’s finance watchdogs team up to police stablecoins
The European Banking Authority and the New York State Department of Financial Services (NYDFS) have signed a memorandum of understanding to police cross-border stablecoin activities. ...
UK Lords warn BoE could kill pound stablecoins before they scale in Britain
UK Lords warn strict BoE stablecoin rules could make pound-backed tokens hard to scale, even as lawmakers back a clear UK regime. Summary UK Lords...
New York’s Crypto Watchdog Teams With EU to Police Stablecoins
In brief The NYDFS and EBA said they are committed to sharing information that could help police stablecoins under memorandum of understanding. While that includes...