The UK Could Soon Recognize Stablecoins as a Means of Payment
The Cabinet believes the blockchain industry will contribute to the modernization of the state’s payment infrastructure after the completion of the Brexit.
Asia-focused multi-currency stablecoin protocol, Bluejay Finance, raises $2.9M in funding
Singapore, Singapore, 20th July, 2022, Chainwire Bluejay Finance, a capital-eff icient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies, has raised $2.9M in funding from Zee Prime Capital, C2 Ventures, Stake Capital Group, RNR Capital, Daedalus Angels, Moonlanding Ventures, Oval Ventures, and more, with operator-angels including DeFi projects like Ribbon Finance, Flux, Voltz, and Alpha Venture Dao. Founded […]
US Congress Wants to Allow Companies to Issue Stablecoins
The US authorities are studying several options for legalizing stablecoins.
The ECB Will Complete Study of Potential of its CBDC Next Year
The European Central Bank (ECB) plans to complete its research on the digital euro by the end of 2023.
Hedge Funds Increase Short Positions on Tether’s USDT
USDT stablecoin shorting is on the rise amid negative market sentiment and the collapse of the Terra ecosystem among crypto-focused hedge funds.
The BIS to Create a Platform for Assessing Consequences of Stablecoins Collapse
The Innovation Hub of the Bank for International Settlements (BIS) intends to develop a platform for assessing the economic potential of stablecoins and crypto lending projects.
TRON DAO Reserve to Withdraw 2.5 Billion TRX from Binance to Support USDD Sustainability
TRON DAO Reserve has said it will withdraw 2.5 billion TRX from the Binance platform “to protect the blockchain industry and the cryptocurrency market.”
