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.
Stably Launches #USD as the First BRC20 Stablecoin on the Bitcoin Network
Renton, United States, May 25th, 2023, Chainwire Stably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its US Dollar (USD)-backed stablecoin, Stably USD, as a natively-issued BRC20 token under the symbol #USD. This groundbreaking development marks a critical milestone in the exponentially growing Bitcoin ordinals […]
USDT Issuer Tether Will Allocate Up to 15% of its Profits into Bitcoin
Tether has announced that it will invest up to 15% of its profits into Bitcoin.
The Activity of BUSD Addresses is Weakening: Report
The number of transactions with Binance USD (BUSD) has dropped to its lowest level since mid-2021, as observed by Glassnode.
Circle Partners with Xapo Bank to Bypass SWIFT
Xapo Bank has partnered with financial technology company Circle to introduce USD Coin (USDC) payment rails as an alternative to SWIFT.
