JPMorgan CEO Criticizes CLARITY Act Over Stablecoin Yields
JPMorgan CEO Jamie Dimon criticized the U.S. cryptocurrency market structure bill (CLARITY Act) in an interview with Fox Business, amid a debate over rewards for "stablecoins."
JPMorgan CEO Criticizes CLARITY Act Over Stablecoin Yields
JPMorgan CEO Jamie Dimon criticized the U.S. cryptocurrency market structure bill (CLARITY Act) in an interview with Fox Business, amid a debate over rewards for "stablecoins."
Stablecoin Market Capitalization Surpasses Reserves of 95 Countries
The combined market capitalization of stablecoins has reached a new all-time high, hitting $323 billion. This figure exceeds the official currency reserves of 95 countries.
StablR’s EURR and USDR Stablecoins Lose Peg After $2.8 Million Hack
The European issuer of stablecoins, StablR, has fallen victim to a hack resulting in the theft of at least $2.8 million. This was highlighted by Blockaid.
ECB Opposes Support for Euro Stablecoins
The European Central Bank (ECB) has warned of the risks associated with issuing euro stablecoins, stating they could reduce bank lending and complicate interest rate control.
Sui Introduces Fee-Free Stablecoin Transfers
Sui announced the launch of a fee-free stablecoin transfer feature. This update effectively reduces the cost of stablecoin transactions on the network to $0.
Bank of England to Focus on Tokenisation
The Bank of England will focus its future strategy on RWA to modernise the country's economic sector.
Euro Stablecoin Project Expands to 37 Banks
The pan-European initiative to launch the Qivalis stablecoin has expanded to 37 participants. An additional 25 credit institutions have joined the banking consortium.
Expert Warns of Liquidity Crisis Risk for Tether and Circle
The presence of U.S. Treasury bills in their portfolios does not shield Tether and Circle from a sudden liquidity crisis, stated Christoph Hock, head of tokenization and digital assets at Union Investment.
South Korea Tests Stablecoin Pegged to Won
South Korea's KBFG has completed the proof-of-concept phase for a stablecoin pegged to the won.
CLARITY Act Clears Key Senate Vote
The U.S. Senate Banking Committee approved the CLARITY Act with a vote of 15 to 9.We use cookies to improve the quality of our service.
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