You Searched For "stable coin" and got 20 results
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1 min read
A former manager at a major crypto exchange is accused of making illegal trades to bank $5 million in tether, report says
Boliang reportedly made a retail account in his father's name and then deposited $20 million of cre…
Matthew Fox
3 mins read
Russia's biggest bank has been cut out of the global financial markets and now it's launched a cryptocurrency
Sberbank launched a digital currency just weeks after the invasion of Ukraine, as sanctions cut Rus…
Adam Morgan McCarthy
2 mins read
Further upside in crypto is limited as stablecoin ownership declines, JPMorgan says
Bitcoin and ether surged more than 30% from their respective February lows amid a flurry of short c…
Matthew Fox
1 min read
Private cryptocurrencies and a US central bank coin would be able to coexist, Fed chief Jerome Powell says
The comments were be a shift in tone from July, when the Fed chair said he saw no need for cryptos …
Isabelle Lee
2 mins read
Coinbase removes promise from website that each US dollar coin is backed by an actual dollar
Assets backing up the USD Coin include commercial paper and corporate bonds, according to a July di…
Matthew Fox
2 mins read
The SEC is likely to get the green light to target stablecoins this week, report says
US agencies will urge Congress to pass legislation that states these coins should be regulated like…
Shalini Nagarajan
3 mins read
The SEC is taking a hard line on stablecoins right now - but it could permit more coin issuers if it gets to regulate them, a financial policy expert says
A wide range of entities - such as asset managers, banks, and securities firms - could become issue…
Shalini Nagarajan
2 mins read
Bitcoin won't replace the dollar because it's too volatile, Fed's Powell says
Stable coins, which peg their value to more stable assets like fiat currencies, "may have a role to…
Ben Winck
2 mins read
Time magazine is selling NFTs and will begin accepting cryptocurrencies for digital subscriptions within 30 days
Time magazine plans to accept digital currencies within 30 days and will sell three NFTs in a digit…
Will Daniel
1 min read
'Stablecoins are not stable and have no role as money'
Last month, the shocking implosion of the TerraUSD and Luna cryptocurrencies threw many young inves…
2 mins read
Facebook wants to test its cryptocurrency in a country that’s trying to ban it altogether
Insiders say that India has been chosen for pilot testing the virtual currency, as the country…
7 mins read
Some crypto investors say TerraUSD and Luna's $60 billion crash pushed them to the brink and led to thoughts of self-harm
"Considering all the hardships, including ... the war that is now going on, the situation with Terr…
Weilun Soon
2 mins read
Binance suspends trading of Terra and Luna as CEO says he is 'very disappointed' with how the stablecoin creators handled the massive collapse
"[We] felt suspending trading is the best way to protect our users at this time," Binance's CEO sai…
Carla Mozée
2 mins read
Stablecoin tether breaks its peg and drops to $0.95 as panic hits crypto markets after collapse of TerraUSD
Tether — which is supposed to be worth $1 — suffered its biggest drop in over a year as it dropped …
Harry Robertson
9 mins read
Top 6 stablecoins in the crypto market — what are they, how they work and why they have governments worried
Stablecoins perform an important role of being an intermediary store of value. According to some ex…
1 min read
Zimbabwe will issue gold 'Mosi-oa-tunya' coins as sky-high inflation slams local currency
The inflation rate clocked in at an astonishing 192% last month, and the Zimbabwe dollar has deprec…
Jennifer Sor
2 mins read
Crypto is not a viable long-term form of private money and stablecoins are equivalent to poker chips at the casino, SEC chief says
"I don't think there's a long-term viability for 5,000 or 6,000 private forms of money," SEC chief …
Carla Mozée
5 mins read
Semi-fungible tokens — coins that travel between the worlds of cryptocurrency and NFTs
Imagine this. You bought a pen and put it in your pocket. At this time, it’s fungible. One pen…
5 mins read
Stablecoins: What to know about the digital coins designed to ease volatility in crypto investing
Stablecoins are cryptocurrency coins that are pegged to a less volatile asset, such as the US dolla…
Louis DeNicola
2 mins read
IMF warns of the danger to the financial system from 'disappearing' crypto coins and the instability of stablecoins
The IMF warned countries about risks that came with the growing crypto space, such as missing coins…