New Zealand Launches a Dollar-pegged Stablecoin
A new stablecoin backed by the New Zealand dollar has been launched.
A new stablecoin backed by the New Zealand dollar has been launched.
The Bank for International Settlements (BIS) is cautious about the widespread adoption of stablecoins.
Paxos has created a new entity in Singapore to introduce a USD-backed stablecoin in the country.
Over the past 30 days, the company responsible for issuing Tether has created an additional 4 billion USDT stablecoins. This information is supported by data from WhaleAlert.
Circle, the company behind the USDC stablecoin with a market capitalization of over $24 billion, is considering going public in 2024.
Michael Barr, vice chairman of supervision at the US Federal Reserve, has said the Fed needs to regulate and enforce the law on stablecoin issuers.
The Ministry of Finance announced a ban on retail investments in stablecoins until 2024 in early October.
"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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