Hong Kong Plans to Issue a Stablecoin to Compete with USDT and USDC
Hong Kong has penned a new policy proposal, emphasizing the benefits of a Hong Kong Dollar-backed stablecoin (HKDG), to be issued by the government.
Bank of Italy Calls for Increasing Control Over Stablecoins
The Bank of Italy has advocated for the development of a regulatory framework for digital currencies pegged to fiat money.
MakerDAO Reduces USDC Collateral
On March 13, MakerDAO’s DAO protocol experienced an all-time high, with nearly 4.4 billion USD Coin (USDC) locked in PSM mechanisms.
Tether Chooses Kava As Gateway for Cosmos USDt
Georgetown, Cayman Islands, June 23rd, 2023, Chainwire Tether chooses Kava, a layer-1 blockchain designed for scalability and speed, as its gateway to the Cosmos ecosystem. Kava is excited and honored by Tether’s decision to bring the world’s most liquid, secure, and transparent stablecoin USDt to Cosmos appchains and Kava EVM dApps. https://twitter.com/Tether_to/status/1671445095965499393?s=20 “Kava’s support of Tether’s USDt integration will help […]
Fed Chairman Believes Agency Should Regulate Stablecoins
Federal Reserve Chairman Jerome Powell expressed support for a strong federal role in regulating the stablecoin sector on Wednesday.
ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023
Podgorica, Montenegro, June 9th, 2023, Chainwire At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol […]
Bank of Australia: Stablecoins Have Potential to Take More Prominent Position in Financial System
The draft law of the Reserve Bank of Australia (RBA) on the regulation of crypto exchanges, custodial services and the issuance of “stablecoins” largely speaks to the potential that stablecoins have in taking a more prominent role in the financial system.
