Reading Time: < 1 minute The Bank for International Settlements (BIS) is developing a monitoring system for the sufficiency of backing “stablecoins.”
Tag: Stablecoins
Stablecoins
The Market Capitalization of Binance’s BUSD Falls Below $15.4B for First Time
Reading Time: < 1 minute The capitalization of BUSD fell to $15.4 billion on January 26 after losing more than $3 billion.
Moody’s Announces the Creation of a Scoring System for Stablecoins
Reading Time: < 1 minute Rating agency Moody’s has announced that it is developing a scoring system for “stablecoins.”
Crypto.com Announces it is Delisting USDT in Canada
Reading Time: < 1 minute Cryptocurrency platform Crypto.com will delist USDT from Tether for Canadian users on January 31.
Nigeria Legalizes ICOs and Stablecoins
Reading Time: < 1 minute The Central Bank of Nigeria ordered all credit institutions in the country last year to freeze customer accounts that are used to invest in digital currencies.
Japan Will Allow the Use of Stablecoins
Reading Time: < 1 minute The Financial Services Agency (FSA) plans to abandon next year the ban on the use of stablecoins that were issued by foreign developers.
TrueUSD Team Launches Yuan-based Stablecoin on Tron Network
Reading Time: < 1 minute The team of developers of TrueUSD (TUSD) has announced the launch of the TCNH stablecoin.
Brazil Plans to Release its CBDC in 2024
Reading Time: < 1 minute The head of the Central Bank of Brazil has said that the bank will issue a CBDC in 2024 after a closed pilot program with financial institutions.
Binance Implements a Temporary Suspension of USDC Tokens Withdrawals
Reading Time: < 1 minute Cryptocurrency exchange Binance has decided to temporary suspend the withdrawal of funds in the stablecoin USD Coin (USDC).
