A group of congressional members have written to the Federal Reserve System’s leader Jerome Powell expressing their concern that the recent moves from the Fed to increase oversight of banks’ cryptocurrency dealings will impede the progress of the bill to regulate stablecoins.
An unknown hacker took advantage of an exploit in the Balancer v2 DeFi programmable liquidity platform to steal around $900,000 worth of DAI stablecoins.
In the upcoming months of September and October, USDC stablecoin from issuer Circle will be deployed on a total of six networks, namely Base, Cosmos (via Noble), NEAR, Optimism, Polkadot, and Polygon.
Bitso, an exchange specialized in Latin America, has now enabled support for the Tron network and USDT transactions.
The overall supply of stablecoins has been on a decline for more than a year.
Huobi has announced its plans to list PYUSD, the stablecoin recently launched by PayPal on Monday.
Tether, the stablecoin issuer, has recently become the 11th largest Bitcoin holder globally.
