Tag: Stablecoin

Stablecoin USDT more popular than Bitcoin in Latin America, Kaiko says

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Over 40% of all crypto trades in Latin America involve the USDT stablecoin, signaling a waning interest in Bitcoin, which is even trailing XRP in the region’s top trading pairs. Stablecoins are more popular in Latin America (LATAM) than Bitcoin as stablecoin-to-fiat trading pairs accounted for more than 60% of the top 10 trade volume in the region, according to data compiled by Kaiko, a blockchain analytics firm. The data reveals that USDT, issued by Tether, is significantly more popular than Bitcoin among Latin American traders, accounting for over 40%…

Financial Stability Board (FSB) to Work More on Stablecoin Risks in Emerging, Developing Economies

“In emerging market and developing economies (EMDEs), crypto-assets pose particular challenges for monetary policy and capital flow management,” the FSB said. “Members discussed the challenges posed by the relatively higher levels of adoption and risks of global stablecoin arrangements in EMDEs. The FSB will undertake further work to consider how these challenges can be addressed.” Source

Australia’s Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC’s Warning For Crypto Entities

“Within that drafting slot, there are various reforms and each has a different priority to the payments reforms, which would include our proposed framework for regulating stablecoins sit within that same slot, and they’ll be sort of done one after the other. Given that overlap, reps (representatives) are hoping that both of them will be released at the same time.” Source

Blast’s Rebasing Stablecoin USDB Now Ranks 9th Among Dollar-Pegged Crypto Tokens

A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among all U.S. dollar stablecoins. USDB Climbs the Ranks The decentralized finance […] Source CryptoX Portal

Tether, Nodo Partner to Drive Stablecoin and Bitcoin Education in Africa

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Stablecoin issuer Tether has partnered with Nodo to educate prospective African users about the use cases of stablecoins and facilitate transactions with the former’s digital asset. The six-month campaign will include Ask Me Anything (AMA) sessions, workshops, and question-and-answer sessions with crypto experts on social media. African Users to Learn of Stablecoin Use Cases The […] Original

Paxos International Debuts ‘Lift Dollar’ Stablecoin With Daily Yields

The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S. government securities and cash equivalent reserve assets with each USDL backed 1:1 in U.S. dollar value. New ‘Lift Dollar’ Stablecoin Offers Daily Returns on […] Source CryptoX Portal