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Bitcoin News / Bitcoin.com - 2 years ago

US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’

The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of prov...

Bitcoin News / Bitcoinist - 2 years ago

US Stablecoin Bill Advances Despite Fear Of Elon Musk’s Twitter X Coin

In a momentous move, the US House Financial Services Committee has taken a significant step forward in establishing a federal regulatory framework for stablecoins despite the fears of Elon Musk creating his own. The proposed bill, known as the “...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

'Historic week' as stablecoin, self-custody bills advance to House floor

The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets. The House Financial Servi...

Bitcoin News / Bitcoin.com - 2 years ago

Ripple and Palau Announce CBDC Stablecoin Pilot Program

Palau, an insular nation in the Philippines Sea, has partnered with Ripple, announcing a limited pilot for its own U.S. dollar-pegged stablecoin issued using XRP technology. According to Jay Hunter Anson, a member of the board of directors of Palau&#...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst

Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm. Stabl...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations

Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers....

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Bitcoin bull run next? Bitfinex stablecoin ratio 'blows up' in 2023

A “major leading indicator” for Bitcoin is pointing the way toward a classic repeat of bullish BTC price phases, analysis says. Bitcoin (BTC) is facing the prospect of...

Bitcoin News / Bitcoinist - 2 years ago

FDUSD: Is Binance’s Latest Addition Another Stablecoin By Tron’s Justin Sun?

Binance, the leading crypto exchange, has added a new stablecoin to its platform – First Digital USD (FDUSD) today. The stablecoin, issued by First Digital Trust, a Hong Kong-based digital asset custodian, has attracted attention and sparked co...

Bitcoin News / Bitcoin.com - 2 years ago

Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback

As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to a...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Binance halts trading of FDUSD stablecoin due to ‘technical issues’

Ahead of the launch, Binance said it would offer zero maker fees for all FDUSD trading pairs. The recently introduced stablecoin, First Digital USD (FDUSD), which was...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

USD-backed stablecoin pilot project launched by Pacific island nation of Palau

The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees. The government of...

Bitcoin News / Bitcoin.com - 2 years ago

Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience

The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1...