Category: Stablecoins

United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’

Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s...

Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve

The Federal Reserve’s board of governors pointed to stablecoins as a potential risk to financial...

Terraform Labs donates $1.1B for Luna Foundation Guard’s reserves

On Friday, Do Kwon, founder and CEO of Terraform Labs (TFL), which develops the blockchain...

Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K ‘fair value’

Cryptocurrency exchanges now have more stablecoins on their books than ever before in a fresh...

US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial system

In an annual report published on Friday, the United States Financial Stability Oversight Council, or...

Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has...

Diem tells Senators on the warpath over Novi: We’re not actually Facebook

Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling...

Magic Internet Money races past $1B, sets sights on MakerDao

Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surged past a $1 billion total supply...

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