FSOC: Stablecoins Threaten Financial Stability
The United States Financial Services Oversight Council (FSOC) has expressed concern about the lack of adequate risk management standards in the stablecoin market.
Circle’s USDC Becomes First Stablecoin to Comply with Canada’s New listing Requirements
USDC has achieved compliance with Canada’s updated regulations for digital assets, making it the first of the top dollar-backed stablecoins to do so.
XRP Overtakes USDT as Third Largest Crypto
The market capitalization of XRP has surpassed Tether’s stablecoin, making it the world’s third-largest cryptocurrency after Bitcoin and Ether.
Tether Ends Support for Euro-pegged Stablecoin EURT
Tether issuer yesterday announced that it will no longer support EURT.
Tether Mints $3B in USDT
Tether, the world’s largest issuer of stablecoins, has created $3 billion worth of USDT in the last 24 hours, adding to a total of $13 billion since early November.
PayPal’s Stablecoin Starts Using LayerZero to Enable Ethereum and Solana Transfers
PayPal has announced that its stablecoin, which is pegged to the U.S. dollar, is now utilizing LayerZero to optimize transfers between Ethereum and Solana.
Robinhood, Kraken and Paxos Launch a New Global Dollar Stablecoin
A group of influential figures in the world of cryptocurrency are supporting a new stablecoin, called the Global Dollar (USDG), that focuses on compliance and regulation.
