A recent report by the Bank for International Settlements raises concerns about stablecoins’ ability to maintain parity with their pegged assets, challenging their stability and reliability as a digital currency. …
Horizen Labs, the technology company behind Horizen DAO, and Stably, a Washington-based fintech company, have partnered to launch the Zen USD (ZUSD), the first stablecoin on Horizen’s EON blockchain. Following this launch, …
Michael Barr, vice chair for Supervision at the Federal Reserve, called for stronger stablecoin policies in the U.S. to protect investors and set up guardrails designed to address pressing issues. …
A spokesperson for PayPal confirmed to Reuters that the company had received a subpoena tied to its U.S. dollar stablecoin. Payments giant PayPal received an investigative subpoena from the U.S. …
Tether’s (USDT) market capitalization reaches a record $84 billion as the crypto rallies. The market capitalization of the leading stablecoin Tether (USDT) exceeded $84 billion this week, a record milestone. …