stablecoins

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

Source: en.wikipedia.org

PayPal Shares Soar in Response to Leaner Company Strategy
PayPal Shares Soar in Response to Leaner Company Strategy
November 02, 2023  |  Earnings

PayPal reportedly experienced an increase in market value after committing to become a “leaner” company. The global payments giant’s shares climbed almost 7% to $55.12...

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PayPal Subpoenaed by SEC Over Stablecoins
PayPal Subpoenaed by SEC Over Stablecoins
November 02, 2023  |  Regulation

PayPal’s new stablecoin offering has caught the attention of regulators. The payments giant said in a regulatory filing Thursday (Nov. 2) that it had received...

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UK Will Regulate Crypto Like Other Financial Services
UK Will Regulate Crypto Like Other Financial Services
October 30, 2023  |  Cryptocurrency

The British government has unveiled its long-awaited plans for regulating cryptocurrencies. Included in that plan is the government’s intent to “bring a number of cryptoasset...

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Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
October 27, 2023  |  Cryptocurrency

Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital...

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Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
October 17, 2023  |  CBDC

Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Speaking Tuesday (Oct. 17) at...

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Tether Appoints Chief Technology Officer Paolo Ardoino as New CEO
Tether Appoints Chief Technology Officer Paolo Ardoino as New CEO
October 13, 2023  |  Personnel

Stablecoin provider Tether has appointed its chief technology officer, Paolo Ardoino, as its new CEO, effective from December.  Ardoino will succeed Jean-Louis van der Velde, who will transition to...

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Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
October 05, 2023  |  Banking

The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and...

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$4 Million in Crypto Swiped in FTX Hack Resurfaces
$4 Million in Crypto Swiped in FTX Hack Resurfaces
October 01, 2023  |  Cryptocurrency

Roughly $4 million in cryptocurrency stolen from FTX last year is reportedly back in circulation. As Coindesk reported, blockchain data shows that around 2,500 ether tied to an...

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Circle Says Stablecoins Are Not Securities in SEC Case Against Binance
Circle Says Stablecoins Are Not Securities in SEC Case Against Binance
September 29, 2023  |  Cryptocurrency

Circle, the issuer of the USDC stablecoin, has reportedly filed a brief in the Securities and Exchange Commission’s (SEC) case against Binance, one of the...

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