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Huobi Issued Explanation For HUSD Issue Following Normal Operation Resuming

Following the recovery of the HUSD stablecoin’s dollar peg, crypto exchange Huobi reportedly shared explanation to the factors leading to the short-term liquidity issue, with assurance of it being...

Natalie Wu | Aug 21, 2022 10:33

Tether Rolled Out Stablecoin Pegged to Pesos On Ethereum, Tron & Polygon

Regardless of problems looming over stablecoins, Tether (USDT) reportedly introduced a new crypto asset, which will have a pegging against the Mexican peso on Ethereum (ETH), Tron (TRX) and Polygon...

Shannon Wilson | May 30, 2022 11:11

FTX US Introducing Stock Trading Against Stablecoins

Top-tier crypto exchange platform FTX is reportedly widening its scope to cover equity trading, with its subsidiary FTX US catering to clients in America introducing a stock trading platform....

Shannon Wilson | May 20, 2022 10:00

Hong Kong Gearing Towards Stablecoin Regulation Via Releasing Questionnaire to Public

The central banking institution of Hong Kong, the Hong Kong Monetary Authority (HKMA), reportedly started its work on its stablecoin regulatory framework introduction, via sharing a questionnaire...

Natalie Wu | Jan 20, 2022 15:45

Fed and Yale Researchers Released Paper Suggesting Two Stablecoin-centric Regulatory Frameworks

The scope of the current study by the Federal Reserve into CBDC has reportedly been widened to cover stablecoins, and whether there could be an effective regulatory framework established for them. ...

Shannon Wilson | Jul 19, 2021 11:34

FSB Issues Recommendations for Stablecoins

The Financial Stability Board believes that large-scale adoption of stablecoins could be risky for the stability of the global financial system. Stablecoins such as Tether (USDT) rose in popularity...

Natalie Wu | Oct 19, 2020 14:29

G7 Will Oppose Facebook’s Libra Cryptocurrency until Adequate Regulations are in Place

The Group of Seven expressed its decision to oppose the launch of Facebook’s Libra cryptocurrency. Facebook appears to be facing a big hurdle to its Libra cryptocurrency project. Finance...

Natalie Wu | Oct 19, 2020 04:30

US Federal Reserve Recruiting Talents for Cryptocurrency Research Management Vacancy

The US Federal Reserve has reportedly recruited a new manager, working mainly in the Retail Payments section, based in Washington, D.C. Specifically, on November 3, a new vacant position is available,...

Natalie Wu | Nov 06, 2019 11:17

US Congress Looks to Introduce Draft Bill Reclassifying Stablecoins As Securities

The US Congress is reportedly looking to approve a draft bill, which will reclassify all managed stablecoins as investment contracts, and ultimately securities. Specifically, Sylvia Garcia –...

Shannon Wilson | Oct 25, 2019 10:35

European Central Bank Official Urged Regulators to Take Fast Actions Regarding Facebook Libra

Benoit Coeure – a member of the executive board of European Central Bank – urged financial regulators need to take a proper course of action fast, to be ready for the arrival of...

Shannon Wilson | Jul 09, 2019 02:07