Coinbase is Against Basel Committee’s Requirements for Stablecoins
The Basel Committee on Banking Supervision has expressed a desire to limit banks’ use of “stablecoins” through its requirements.
The Basel Committee on Banking Supervision has expressed a desire to limit banks’ use of “stablecoins” through its requirements.
Since the beginning of January 2024, the market supply of the second-largest stablecoin, USD Coin (USDC), has been increasing.
The International Monetary Fund (IMF) views stablecoins as a potential tool for enhancing financial inclusion across Asian nations.
OKX has stopped offering support for trading pairs involving Tether’s USDT stablecoin to users in the European Union and the European Economic Area (EEA).
The EU has released preliminary regulatory guidelines for stablecoin issuers regarding the resolution of complaints.
Popular stablecoin operator Tether is expanding its USDT stablecoin to more blockchain networks and has recently formed a strategic partnership with the Celo network.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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