Stablecoin

While qualifying stablecoin transactions, at the time of this writing, are exempted from full reporting disclosures and regulations if the total is this is insufficient for further stablecoin adoption and integration.

If the issuer does not have this fiat available in a liquid form, the stablecoin and hence the backer of the stablecoin would crash.

Another coin, Frax, was also assessed as a 5. First Digital USD was rated a 4, while number two stablecoin USD Coin was classed as a "strong" 2, alongside Gemini Dollar and Pax Dollar.

BinanceUSD, or BUSD, is a stablecoin operated by New York-based Paxos Trust Co. under Binance’s branding, leading the SEC to include the token in its lawsuit.

Bitcoin dipped below US$28,000 in Thursday morning trading in Asia as most other top 10 non-stablecoin cryptocurrencies lost steam.

Circle CEO Jeremy Allaire says that a cryptocurrency crackdown by the United States regulators has been a major factor behind the declining market capitalization of its stablecoin, USD Coin (USDC).

Cryptocurrency exchange Binance said it will "gradually" end support for its BUSD stablecoin, removing it from spot and margin trading pairs.

Flatcoins are designed to protect stablecoin holders from inflation.

Hong Kong eyes stablecoin regulatory regime by 2024techcrunch.

In a Feb. 27 report, Forbes wrote that Binance moved $1.8 billion in stablecoin collateral to numerous hedge funds.

In a new update, Cardano developer Input Output Global (IOG) says that the introduction of ADA-backed stablecoin Djed has helped the DeFi ecosystem expand greatly as of late.

In February, the agency ordered the stablecoin issuer Paxos to stop minting its Binance-branded BUSD, and in March it alleging it is operating without the above-mentioned Bitlicense in the state.

Leading DeFi platform MakerDAO is currently in the middle of a governance vote that will decide the fate of the GUSD stablecoin.

Leading stablecoin issuer Circle has its treasury holdings amid growing concerns over a potential US debt default.

MEV Capital Management Ltd. is launching a new digital asset hedge fund “MEV Capital Stablecoin High-Yield Fund SP”, a Cayman Islands fund that encompasses on-chain operations to on the public Ethereum Blockchain (incl. ZK-related L2s).

National Australia Bank creates stablecoin called AUDN: AFRtheblock.

Not only did customers of outfits like brokers FTX and Voyager, and stablecoin TerraUSD/Luna get taken to the cleaners, the currency at the heart of the bubble, bitcoin, lost around two-thirds of its value.

Tether estimates it will make $700M profit in Q1 and will have ~$1.6B in excess reserves to back its USDT stablecoin, the first time it crosses the $1B markcnbc.

Tether’s growing dominance coincides with a decline of the overall stablecoin market.

The decision has a significant impact on embattled stablecoin issuer Paxos, as Maker’s treasury holds roughly half of USDP’s $1 billion supply.