Stablecoins

The Canadian Securities Administrators (CSA) has clarified its stance on regulating stablecoins. This move aims to establish a balance between investor protection and promoting innovation within the Canadian crypto market, the regulator…

The SEC’s case against Binance centers on its claim that BUSD was sold as an investment contract, primarily because Binance marketed it as offering yield through reward programs. In a recent development, renowned stablecoin issuer Circle…

In a court filing, Circle argued that assets that are pegged to the U.S. dollar, like the Binance USD (BUSD) or its own stablecoin USDC, are not securities, partly because those who purchase the assets are not expecting any profit from…

Circle has filed a note of protest as part of the U.S. Securities and Exchange Commission’s (SEC) litigation against Binance, a crypto exchange. The firm asked the court to exclude stablecoins from the lawsuit because they cannot be…

Coinbase has reportedly increased interest rates on USDC holdings to 5%, marking a notable improvement from the 4% rate introduced earlier in the year.  The San Francisco-based crypto exchange hiked the interest offered to holders of its…

Michael Barr, a high-ranking official at the US Federal Reserve, expressed concern over the growing use of “unregulated” stablecoins pegged to the dollar. Many popular stablecoins are designed to mirror the value of the USD. Stablecoin…

Stablecoin payment adoption continued to thrive last year despite massive capital outflows from the crypto market at large, according to a new report from European hedge fund manager Brevan Howard. Analysts found that the…

Israel is now looking into decentralised autonomous organisations (DAOs) in its latest efforts to bring the digital assets industry under its watch. DAOs are blockchain-based organisations that operate based on rules coded into smart…

Stablecoins, which are digital assets designed to maintain a stable value, have long been seen as a potential bridge between the cryptocurrency world and the traditional financial industry. However, recent developments have cast…

Initially, the bill only covered stablecoins. However, it has been amended to include all cryptocurrencies and organized activity. the invoice (FSMB) which proposes to regulate stablecoin and cryptocurrency regulations in the UK has…