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Bitcoin News / Bitcoin.com - 2 years ago

Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether

A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the...

Bitcoin News / Bitcoin.com - 2 years ago

GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut

In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave’s gho (GHO) and First Digital’s stablecoin FDUSD. These dollar-tied tokens have rapidly gained momentu...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

US defense bill may be problematic for USDC and stablecoins: Analysts

A proposed U.S. national defense bill could subject stablecoins issuers to Know Your Customer and Anti-Money Laundering requirements they would be unable to comply with, says Berenberg an...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

‘Let’s just diversify and see’ — Binance CEO on its stablecoin strategy

Due to regulatory and transparency risks, CZ says that spreading risk across different stablecoins is key. Binance CEO Changpeng “CZ” Zhao is looking to bring smaller...

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&#...