Christopher Waller, a governor at the Federal Reserve, took issue with recent suggestions for stablecoin regulation in a November 17 speech. Specifically, Waller was responding to a recent report on stablecoins from …
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The Securities and Exchange Commission (SEC) expected to head US stablecoin regulation and enforcement
United States regulatory bodies have reportedly agreed that the Securities and Exchange Commission will lead the U.S.’ efforts to regulate the stablecoin sector. According to a Tuesday Bloomberg report citing anonymous sources …
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Global regulations for stablecoins can help catalyze crypto adoption. Why?
With the rapid rise of cryptocurrencies such as Bitcoin and Ethereum, stablecoins — cryptocurrencies that aim to maintain a stable value relative to another asset or pool of assets — have come under increasing heat …
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Tether unveils reserves and backing for its USDT stablecoin in new report
To assuage critics and to abide by a legal settlement, Tether Holdings Limited, the issuer of the world’s largest stablecoin USDT, has released a report by an independent accountant, which found …
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Tether to claim it will conduct an audit in ‘a matter of months’
Tether’s General Counsel Stuart Hoegner, in a Tech Check CNBC segment on July 21, said that the company would conduct an audit in months. Tether’s reserves have long been a talking point …
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Mastercard to partner with USDC to pilot cryptocurrency payments
According to a company press release, Mastercard announced a pilot program in partnership with Circle USDC stablecoin and others to allow cardholders to pay cryptocurrency merchants wherever Mastercard is accepted. …
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U.S. regulators to meet and discuss stablecoins on Monday
As authorities begin to take more notice of the rapidly expanding class of digital currencies, U.S. Treasury Secretary Janet Yellen stated on Friday that she would meet with regulators tomorrow …
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El Salvador may launch its own stablecoin in 2021
El Salvador’s government intends to establish a native cryptocurrency that the public will be able to use to pay for services, according to San Salvador-based media outlet El Faro on …
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Wyoming to legally recognize first DAO in the United States
The crypto-friendly state of Wyoming has approved the first legally recognized Decentralized Autonomous Organization (DAO) in the United States. The American CryptoFed DAO received notice from the Wyoming Secretary of …
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Facebook plans to launch a pilot version of stablecoins this year
The Swiss non-profit Diem Association plans to launch a pilot project with a single stablecoin pegged to the US dollar in 2021. The association oversees the development of Facebook’s digital …
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