Fidelity Investments has taken a significant step into decentralized finance by launching a liquidity pool for its proprietary stablecoin, $FIDD, on the …
Stablecoin
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DeFi
MIM stablecoin drops to $0.87 as algorithmic dollar tokens keep losing their pegs
by shayaanby shayaanAbracadabra’s MIM stablecoin took a major reputation and valuation hit today June 12 as it fell as low as $0.87 across multiple …
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In brief The Bank Policy Institute and The Clearing House said stablecoin AML rules should cover activity after tokens leave issuers. They …
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Finance
Luno CEO James Lanigan Warns $33T Stablecoin Boom Could Bypass South Africa
by shayaanby shayaanLuno CEO James Lanigan warned that South Africa’s proposed Capital Flow Management Regulations could severely harm the country’s economic competitiveness by restricting …
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Coinbase has urged U.S. lawmakers to remove capital gains tax requirements on stablecoin payments and exempt small crypto transactions from burdensome reporting …
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Regulation
Stablecoin Mentions in U.S. SEC Filings Surge to All-Time High in Q1
by shayaanby shayaanThe use of stablecoins in official U.S. financial documentation has reached an unprecedented level. According to a recent report by Unfolded, mentions …
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For months, Strategy (formerly MicroStrategy) founder Michael Saylor frequently reposted news about DeFi protocols using a variety of tokens and blockchains backed …
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Three of Japan’s biggest banks, MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank, are in line to co-issue a stablecoin …
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Adoption
Paga Group Partners With Crossmint To Power African Mobile Money With Stablecoin Access
by shayaanby shayaanIn a groundbreaking move to unlock cross-border remittances, digital asset savings, and B2B infrastructure, Paga Group Limited, a Nigerian-based mobile money company, …
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MUFG, SMBC and Mizuho will establish a council to explore operational frameworks and prepare for the issuance of stablecoins. www.coindesk.com