Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
A consortium of 21 financial institutions, including @BankofAmerica and @GoldmanSachs, plans to launch a US dollar-denominated stablecoin by H1 2027, targeting various markets and complying with regulations. #Update #Crypto $USDC
@Citi, @GoldmanSachs, and other global banks are launching a stablecoin venture focusing on a U.S. dollar stablecoin for payments and digital asset settlement, with plans for a euro token expansion. #Update #Crypto $USDC
@Kast has launched its KAST Business platform, offering stablecoin payments, virtual accounts, and up to 8% APY on balances after raising $80M. Aims for 5,000 active businesses by 2026. #Update #Crypto $USDC
Singapore’s financial watchdog proposes stablecoin rules requiring 100% reserves and banning yields for issuers, aligning with U.S. and EU frameworks, while recognizing foreign stablecoins. #Update #Crypto $USDC
The Bank of Russia has proposed including $ETH and $USDT in a draft list of cryptocurrencies for public trading on Russian exchanges, with @Sberbank planning to use them as collateral for crypto-backed loans. #Update #Crypto $ETH $USDT
Adrian Wall of the Digital Sovereignty Alliance discusses the Clarity Act’s potential to enhance U.S. digital asset regulation, promoting innovation and stablecoin adoption. #Update #Regulation
Tether CEO Paolo Ardoino defends stablecoins against BIS’s tokenized deposits push, citing full backing and potential deposit flight fears from banks. #Update #Crypto $USDT
Sberbank plans to accept $BTC, $ETH, and $USDT as loan collateral, pending Russia’s new crypto regulations. #Update #Crypto $BTC
@Sber plans to expand crypto-backed lending, accepting $USDT and $ETH as collateral alongside $BTC after regulatory approval. The new crypto law takes effect Sept. 1, raising questions on digital ruble demand. #Update #Crypto $USDT
@Sber plans to expand crypto-backed lending to include $USDT and $ETH as collateral alongside $BTC, pending Bank of Russia approval for public trading under new regulations effective Sept. 1. #Update #Crypto $USDT
Pablo Hernández de Cos criticized stablecoins at Jackson Hole, noting issues like par redeemability and financial integrity. Global stablecoin supply reached $308B. #Update #Crypto $USDT
Fidelity launches FYMXX, a government money market fund for stablecoin issuers, targeting the $315B market with a 0.25% fee. @Fidelity joins State Street and Blackrock. #Update #Crypto
@Ledn adds Tether Gold ($XAU₮) as collateral for loans, allowing borrowers liquidity without selling their gold-backed assets. Excludes Canada and EU residents. #Update #Crypto
@AllUnity launches SEKAU, the first fully reserved Swedish krona-backed stablecoin under EU’s MiCA, supported by Banking Circle and Marginalen Bank, debuting on five blockchains. #Update #Crypto $SEKAU
