UAE central bank introduces licensing system for stablecoins
UAE central bank has approved new licensing for dirham-backed stablecoins. The licensing system is part of UAE’s broader Financial Infrastructure Transformation (FIT). The Dubai regulator updated the rules to allow…
General Risks for All Stablecoins
General Risks for All Stablecoins Crypto stablecoins are a type of cryptocurrency that aims to maintain a stable value relative to a target asset, such as a fiat currency or…
USDR liquidity crisis costs a trader 131,350 stablecoins
USDR suffered a liquidity crisis, revealing its illiquid assets. A trader lost everything swapping USDR for USDC during the crisis. An MEV bot profited $107,002 from the arbitrage opportunity. The…
Canadian regulator clarifies guidelines for stablecoins trading
Canadian securities regulator CSA has clarified terms and conditions for stablecoin trading on exchanges. Crypto platforms and issuers have to adhere to set conditions before they are allowed to offer…
BlockFi files to be allowed to convert users’ trade-only assets into stablecoins
BlockFi is requesting to convert the assets to Gemini Dollar (GUSD) or another stablecoin The motion has been backed by the court-recognized BlockFi creditors’ committee. BlockFi started the process of…
DAI whales have added 6.4% of stablecoin’s supply since mid-March
DAI stablecoin holders are adding to positions as crypto prices range. Addresses with 100k-10 million DAI added 6.4% of supply in the past six weeks. The overall holdings for this…
Stablecoins and Ether are going to be commodities, says CFTC Chair
Key takeaways CFTC chair Rostin Behnam believes that stablecoins and Ether are going to be commodities. The CFTC has always maintained that Bitcoin, Ether, and other cryptocurrencies are commodities. Behnam…
Moody’s is building a scoring system for stablecoins: report
Moody’s wants to build a scoring system for stablecoins as the market grows amid increased regulatory attention. The system will provide an rating system for the top stablecoins based on…
Wallets and stablecoins present excellent opportunities in 2023, says Vitalkik Buterin
Ethereum co-founder has identified three key areas that would provide huge opportunities in the crypto space next year. Vitalik Buterin believes stablecoins and wallets present exciting opportunities for innovators in…
Latin America will provide the growth base for stablecoins, says Hubble Protocol’s co-founder
Stablecoins have come under scrutiny in the developed markets following UST’s crash earlier this… The post Latin America will provide the growth base for stablecoins, says Hubble Protocol’s co-founder appeared…