Stablecoins
Hong Kong Doubles Down on Stablecoin, OTC Rules Promise
Public consultations on stablecoins and over-the-counter trading are already in progress.
UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
Economic Secretary to the Treasury Bim Afolami has said the U.K. government was "pushing very hard" to bring legislation for stablecoins and staking services for crypto assets within six months.
U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan
USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.
U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength
Despite some fears in government circles that crypto could undermine the dollar, the Fed governor said that the use of dollar-dependent stablecoins can boost the dollar's reach.
New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report
The central banker said fiat money is more credible than stablecoins because it has the power of government behind it.
UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
Industry groups argue they see inconsistencies in regulatory plans by the Bank of England and the Financial Conduct Authority.
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback
Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.
The Big Misunderstanding: What MiCA Really Means for Stablecoins in Europe
The EU's comprehensive crypto guidance does not introduce entirely new regulations for fiat backed stablecoins, former central banker Jón Egilsson writes. Instead it affirms existing rules that many current issuers are not yet following.
Treasury Secretary Yellen Says U.S. Needs Better Stablecoin Regulation
"A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset," she told lawmakers on Tuesday.
Treasury Secretary Janet Yellen Warns of Crypto Risks
Yellen is set to tell U.S. lawmakers that the FSOC is especially wary of stablecoins and the potential for digital asset runs.
