Crypto change Binance confronted the most important stablecoin (BUSD+USDT+USDC) outflows in 24 hours, amounting to $2.159 billion.Regardless of the current wipeout, Nansen estimates that Binance nonetheless holds $30 billion price...
Worth drawdown from ATH2022 approaches year-end; it has been a historic 12 months for all asset courses because of the fast tightening of financial coverage worldwide and the energy of the U.S. greenback....
DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins
The Department of Justice (DOJ) has submitted an objection to Celsius’ motion to reopen withdrawals for select customers and sell its stablecoin...
Draft US stablecoin bill would ban new algo stablecoins for 2 years
Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins such as TerraClassicUSD (USTC)...
Fiats, Stablecoins, Tether, and How it Works. Perhaps the biggest problem with cryptocurrency it’s volatility-how much it fluctuates makes it so hard to be considered a unit of account.Because most cryptocurrencies are pretty...
Key Takeaways
The New York Department of Financial Services has published guidance for companies in the state that issue stablecoins.
The guidelines describe acceptable backing assets, redemption times, reserve audits, and custodial institutions.
Stablecoins have fallen...
