stable currencies

According to reports, on April 28th, the Hong Kong Monetary Authority (HKMA) released its 2022 Annual Report. In terms of the digital Hong Kong dollar, it is pointed out that the M

According to reports, Jos é Manuel Campa, Chairman of the European Banking Authority (EBA), stated that the upcoming EU rules for managing stable currencies will focus on ensuring

According to reports, Sarah Pritchard, Executive Director of the Financial Conduct Authority (FCA) in the UK, stated at the London City Week meeting that she plans to strengthen re

According to reports, Cuy Sheffield, the head of Visa cryptocurrency, announced on Twitter on April 24th a new cryptocurrency related project developed by the company. Sheffield po

According to reports, Patrick Hansen, the EU policy leader of Circle, tweeted that even in the current market environment, the trading volume of stable currencies looks incredibly

According to reports, Bank of England Vice President Canliffe has expressed support for more work in the central bank\’s digital currency sector. 90% of people use contactless credi

According to reports, Bank of England Governor Bailey stated that stable currencies need to be regulated like internal currencies.
Bank of England Governor: Stable currencies need

On March 29, according to a stable currency report released by CryptoCompare, as of March 20, 2023, the total market value of stable currencies fell 1.34% to $133 billion, the lowe

On March 29, according to a stable currency report released by CryptoCompare, as of March 20, 2023, the total market value of stable currencies fell 1.34% to $133 billion, the lowe

According to reports, Australian Senator Andrew Bragg has submitted a private senator bill called the Digital Assets Act of 2023 to protect consumers and promote investors, includi

According to reports, Australian Senator Andrew Bragg has submitted a private senator bill called the Digital Assets Act of 2023 to protect consumers and promote investors, includi

According to reports, Coinbase, the US cryptocurrency exchange, encourages developers working on its new blockchain to focus on creating stable currencies that resist inflation. Co

According to reports, Blockchain. com said on social media that Wallet now provides stable currency transactions. Earlier, Blockchain. com officially said that PAX and USDC transactions on the exchange were temporarily suspended. We are paying close attention to the market and plan to restart the conversion soon. Interpretation of this information: The Blockchain.com platform has recently announced that their wallet now provides stable currency transactions. This can be seen as a step forward for the company since they previously had to suspend PAX and USDC transactions on their exchange. Although…

According to the report, the loan agreement Aave said that in view of the current fluctuations around the stable currency, the Aave DAO has frozen USDC, USDT, DAI, FRAX and MAI on the Aave v3 Avalanche. This measure can prevent new positions from adding risks to the agreement. Interpretation of this information: A recent report from loan agreement platform Aave has announced that it has frozen several stable currencies including USDC, USDT, DAI, FRAX and MAI on the Aave v3 Avalanche platform. The reason behind the move has been attributed…

On March 1, CZ said in its response to the data analysis on its social platform that “in the past seven days, Binance has minted TUSD with a value of 130 million US dollars, and the circulation supply has exceeded 1.1 billion US dollars, ranking fifth among stable currencies”, so that more stable currencies can flourish. Interpretation of this information: Binance’s Contribution to Stable Currency CZ, the CEO of Binance, made a statement on March 1st about the company’s recent actions in relation to stable currencies. According to CZ, in…

On March 1, according to the official news, Platypus Finance, a stable currency trading project, launched a portal to allow users to view the compensation they can get. The project said that the first compensation will start in March. Interpretation of this information: The message pertains to an announcement from Platypus Finance, a stable currency project, which has launched a user portal for users to view the compensation they can receive. The project has also stated that the first compensation round will commence in March. This announcement is significant because…

It is reported that according to the data of Chainalisis, although Venezuela and other countries use stable currencies linked to the US dollar (such as USDT) mainly related to inflation and depreciation, a second use case has recently been found. A few companies are using USDT as a payment method for foreign customers and suppliers. Because of the risk of sanctions, they are afraid to use traditional payment methods. Interpretation of this information: The message discusses the increasing use of stable currencies, particularly USDT, by a select group of companies…

It is reported that according to a tweet from the French police department, two people suspected of supporting the DeFi agreement Platypus have been arrested. Among the $9 million stolen assets, Platypus said that it had recovered $2.4 million and $687000 of BUSD, and cooperated with Tether to freeze $1.5 million of USDT. As part of the arrest, the French police seized cryptocurrency worth about $220000. USDC, USDT and BUSD are stable currencies designed to reflect the price of legal tender such as US dollar. Interpretation of this information: The…

as report goes, Jeremy Allaire, CEO of Circle, a stable currency issuer of USDC, said in an interview: “I don’t think the SEC is the regulator of stable currency. In all parts of the world, including the United States, the government clearly stated that the payment of stable currency is a kind of payment system and bank supervision activity, which is for a reason. Although all stable currencies are not equal, from the perspective of policy, the unified view of the world is that this is a prudent regulatory space…

According to reports, Agustin Carstens, the general manager of the Bank for International Settlements (BIS), which criticized the stable currency, said that the events in 2022 made people “seriously doubt the ability of the stable currency to play a role as a currency”. The stable currency is a cryptocurrency linked to the value of other assets such as sovereign currency, and cannot benefit from the regulatory requirements and protection applicable to bank deposits. Interpretation of this information: The general manager of the Bank for International Settlements (BIS) Agustin Carstens recently…