Celsius Wants to Sell $23M in Stablecoins to Keep the Dream Alive
By / September 16, 2022, 7:19 am EDT

… largest and most sophisticated cryptocurrency based finance platforms in the world,” wrote the lender currently owns 11 different types of stablecoins worth $23 million, but didn’t mention which they were.

When Celsius was solvent, it used stablecoins in its retail …

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EU Crypto Lobby Fights MiCA Limits on US Dollar Stablecoins
By / August 22, 2022, 3:39 pm EDT

Crypto lobby associations are seeking clarity from EU legislators over incoming restrictions on foreign-dominated stablecoins
Euro-backed stablecoins are not yet an alternative as they represent a tiny share of the crypto market

Dollar-pegged stablecoins might be blocked in …

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Stablecoins Will Only Have Value on PoS Ethereum Post-Merge
By / August 3, 2022, 7:38 am EDT

Tether’s CTO Paolo Ardoino confirmed on Twitter that Tether plans to support ETH2
“I don’t expect there to be any stablecoins on the PoW chain after the Merge,” Adam Gall, chief technology officer of Decent Labs told Blockworks

As …

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UK To Regulate Stablecoins as a Form of Payment Via New Bill
By / July 20, 2022, 4:54 pm EDT

The bill seeks to regulate stablecoins as a form of payment, bringing the nascent tech in line with the country’s existing rules centered on financial services
Financial Markets Infrastructure Sandboxes will also be established to allow firms to test new …

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New York Regulator Says Stablecoins 'Must Be Fully Backed'
By / June 10, 2022, 5:00 am EDT

New York’s financial services regulator has issued new guidance on stablecoins, laying out its expectations from issuers operating in the state
Stablecoins are to be fully backed by a reserve of assets equal to the face value of each stablecoin …

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Japan Passes Legal Framework for Stablecoins
By / June 3, 2022, 6:01 am EDT

… legal status of stablecoins

Japan’s parliament passed a landmark investor protection bill Friday that sets a legal framework for stablecoins, characterizing the assets as digital currencies. 

The law states stablecoins, which are generally backed by one or more reserve assets …

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Top Stablecoins Shed $7B In May As Traders Redeem Tokens En Masse
By / May 21, 2022, 3:04 pm EDT

Stablecoin holders are exchanging their tokens for cash, in some cases reducing the coins’ overall supply
Tether and DAI have shrunk the most throughout May so far

The top four stablecoins by market capitalization have lost nearly $7 billion from their …

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How Will UST Crash Impact Other Stablecoins?
By / May 11, 2022, 2:35 pm EDT

Tether (USDT) and USD Coin (USDC) remained at right around $1 Wednesday afternoon
Some may be tempted to sell or short other algorithmic stablecoins, Trakx CEO says

Though Terra USD (UST) lost its peg to the dollar over the last few …

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Congressional Action on Stablecoins Could Come as Soon as This Month, Source Says
By / March 8, 2022, 3:00 pm EST

… nonbanks can issue stablecoins.”

The move comes after Rep. Josh Gottheimer, D-N.J.,revealed in February an early draft of legislation aiming to classify certain stablecoins as “qualified” if consumers can redeem the digital currency on a one-for-one

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Payment Builder Kado Closes First Capital Raise To Expand Access to Stablecoins
By / March 8, 2022, 9:00 am EST

… angel investors, including Blockworks’ Co-founder Jason Yanowitz.

The funding will help Kado grow from the Terra ecosystem into other stablecoins, multichain worlds and markets, Andrew said. There is no public valuation at this time.

The company formed during a Terra …

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