Stable coin News

Bermuda Now Accepts Tax Payments in USDC Stablecoin
Bermuda Now Accepts Tax Payments in USDC Stablecoin
17 October 2019, 08:09
The government of Bermuda has reportedly become the first jurisdiction to accept tax payments in the USDC stablecoin.
Mark Carney Calls for Libra-Like Currency to Replace the USD
Mark Carney Calls for Libra-Like Currency to Replace the USD
24 August 2019, 15:40

In the wake of increased tension in the ongoing US and China war, Bank of England, Governor Mark Carney has proposed a solution to end the Dollar's position as the global reserve currency.

Everyone is Launching a Crypto; Goldman Sachs May Be Next
Everyone is Launching a Crypto; Goldman Sachs May Be Next
28 June 2019, 21:00
Is Goldman Sachs already developing a cryptocurrency?
Could JPM Coin be Stuck in a Regulatory Web?
Could JPM Coin be Stuck in a Regulatory Web?
25 June 2019, 11:07
Why has JP Morgan not officially rolled out JPM Coin? It appears the banking giant has regulatory issues to settle.
Facebook Officially Announces Regulated Libra Currency
Facebook Officially Announces Regulated Libra Currency
18 June 2019, 11:24
Facebook has officially revealed that it is in partnership with 27 other organizations working on the invention of a new cryptocurrency that will be called Libra.
What is a Bitcoin-Pegged Token? Binance Just Launched One
What is a Bitcoin-Pegged Token? Binance Just Launched One
17 June 2019, 14:26
What is Bitcoin-pegged Token? To easily understand what a Bitcoin-pegged token, you would have to define what ‘peg’ means in the crypto world.
Facebook Meets With CFTC to Discuss GlobalCoin
Facebook Meets With CFTC to Discuss GlobalCoin
03 June 2019, 07:00
United States Commodity and Futures Trading Commission (CFTC) has held “very early stages of conversations” with Facebook regarding their proposed cryptocurrency, GlobalCoin.
Preparing For Launch? Facebook Loosens Crypto Ad Policy
Preparing For Launch? Facebook Loosens Crypto Ad Policy
08 May 2019, 21:41
Facebook has updated its crypto-ad policy today to include major changes that will promote crypto adoption. Is that a promotion strategy for its proposed stablecoin?
Tether Lawyers Says Stablecoin is 74% Backed
Tether Lawyers Says Stablecoin is 74% Backed
30 April 2019, 16:44
Stuart Hogner, the general counsel representing the stablecoin company, Tether Ltd and its parent company, Bitfinex, has confirmed that fiat or its equivalent back only 74% of existing USDT.
Court Order Says Bitfinex Took $850 Million from Tether to Hide Losses
Court Order Says Bitfinex Took $850 Million from Tether to Hide Losses
26 April 2019, 10:15
The New York Attorney General's office believes crypto exchange, Bitfinex, lost $850 million and subsequently borrowed money from its controversial stablecoin subsidiary, Tether Ltd, to hide the deficiency.
Arca Seeks SEC Approval for Stablecoin-Based Treasury Fund
Arca Seeks SEC Approval for Stablecoin-Based Treasury Fund
16 April 2019, 20:57
Los Angeles based crypto asset manager, Arca has filed a prospectus with the U.S SEC to create a new type of stablecoin that would allow holders to invest in the U.S Treasury securities.
New Euro-Pegged Stablecoin to Pay Holders 8% Interest
New Euro-Pegged Stablecoin to Pay Holders 8% Interest
01 April 2019, 02:30

If there is one word that should often go hand in hand with the crypto industry, then it should be “innovation” as the years have shown.

SEC’s Valerie Says Stablecoins Can Be “Security”
SEC’s Valerie Says Stablecoins Can Be “Security”
18 March 2019, 10:54
Crypto projects should meet with the U.S SEC to ask for permission before developing their stablecoin, instead of seeking regulatory assistance in the aftermath of creating a token that violates securities law.
5 Things You Should Know About JP Morgan's JPM Coin
5 Things You Should Know About JP Morgan's JPM Coin
04 March 2019, 16:03
Here are some of the key things you must know about the JPM Coin launched by JP Morgan Chase a few weeks ago. It's not a kind of Bitcoin but the first of many to come from banks.
Does the Rumoured Facebook Coin Endanger Bitcoin’s Future?
Does the Rumoured Facebook Coin Endanger Bitcoin’s Future?
04 March 2019, 13:31
Does the FacebookCoin endanger Bitcoin’s future? In this article, we put both cryptocurrencies into perspective and consider what possibilities lie ahead.
California Wants Stablecoins for Cannabis-Related Taxes
California Wants Stablecoins for Cannabis-Related Taxes
01 March 2019, 12:00
A new California bill has proposed stablecoins as an easier way to collect taxes from an industry deemed as illegal under Federal laws.
Mizuho Bank Emulates JP Morgan — Releases J Coin
Mizuho Bank Emulates JP Morgan — Releases J Coin
21 February 2019, 21:25
Barely a week after U.S banking mogul, JP Morgan Chase unveiled its cryptocurrency, reports from Japan reveal that we will soon welcome the second bank-backed cryptocurrency.
FCA Release Proposed Regulation For Crypto Assets
FCA Release Proposed Regulation For Crypto Assets
23 January 2019, 17:53
For the first time, the U.K Financial Conduct Authority (FCA) has defined Bitcoin and classified all type of cryptocurrencies in existence at this time. The proposed regulations have an April 5 deadline for public comments.
Cabinet Secretariat of Japan Approve Stablecoin
22 January 2019, 13:21
Japan could welcome the first Yen-pegged stablecoin early next year after the Cabinet Secretariat approved Crypto Garage's Application to carry out a proof-of-concept
Texas Releases Supervisory Memorandum For Crypto
07 January 2019, 22:24
Crypto-related businesses operating within the Southern U.S State of Texas will enjoy some regulatory certainty at the turn of the new year. The region’s department of banking on Jan. 2, released a piece of a document explaining their stance on the new-asset class.
Facebook Is Developing A Stablecoin For WhatsApp Money Transfers
21 December 2018, 16:48
Facebook.Inc will make its first mark in the payment sector by creating a stablecoin that will enable users on their encrypted messaging platform, WhatsApp, to send money.
Does Tether Ltd. Have Enough Cash Reserve?
18 December 2018, 06:47
New York-based publication Bloomberg claims to have found a document which could answer one of the most recurring questions in the crypto industry - whether Tether Ltd., the company issuing the USDT stablecoin has enough cash reserves to back the 1.8 billion tokens currently in circulation.
Stablecoin Adoption Is Up 1032% in November
Stablecoin Adoption Is Up 1032% in November
11 December 2018, 17:28
A 1032% increase in the stablecoin usage was posted in November while transactions involving the fiat-pegged cryptocurrencies kissed the $2.3 billion mark. The Paxos Standard which now has a market cap of $93 million was one of the most successful stablecoins with $1.8 billion posted on Ethereum transactions.
Circle’s Stablecoin (USDC) Reserves Confirmed By Accounting Firm
Circle’s Stablecoin (USDC) Reserves Confirmed By Accounting Firm
24 November 2018, 12:18
USDC - stablecoin issued by Circle has been audited by Grant Thornton LLP. The coin is backed 1:1 by the US Dollar with total amount of USD in custody equal $127,412,240.89 as of October 31.
Russian Parliament toys with crypto ruble idea
Russian Parliament toys with crypto ruble idea
09 November 2018, 15:07

Any plans to launch a stablecoin backed 1:1 by the native Russian currency, Ruble, is still only a ‘fantasy’ according to the state Chairman who raised the dust while speaking at a press conference last week. In a more recent update, he shared his thoughts on what could happen if the country decides to create a stablecoin.