‘Worst Code I’ve Ever Seen’: Euro Stablecoin Faces Centralization Criticism
French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called EUR CoinVertible (EURCV) on April 20 which is available to only qualified institutional clients.
Societe Generale-FORGE Launches Stablecoin EUR CoinVertible on Ethereum Public Blockchain
The digital asset is deployed in Euro denomination on the Ethereum public blockchain, with the ticker code EURCV.
Tether Pushes Utility, Launches its Stablecoins on Two Instant Exchanges
Euro Tether (EURT) and Tether Gold (XAUT) stablecoins expand to StealthEX and SimpleSwap platforms while USDT regains 2022 market cap.
Stablecoin Market Share Dwindles As USDC And BUSD Supply Deplete
The top 4 stablecoin valuations have declined significantly since this year. USDC and BUSD supply has depleted by $31 billion, pushing down the overall stablecoin market share.
US Must Establish Regulatory Framework for Payment Stablecoins, Urges Columbia Business School Professor
Areas such as Singapore, Dubai, Abu Dhabi, and the United Kingdom, have already presented stablecoin frameworks that could provide a competitive regulatory landscape for issuers.
Lack of Stablecoin Regulation Could Push Issuers Out of US: Austin Campbell
In an April 19 hearing of the U.S. Subcommittee on Digital Assets, Financial Technology and Inclusion, Austin Campbell, an adjunct assistant professor at the Columbia Business School, said areas including Singapore, Dubai, Abu Dhabi, and the United Kingdom have already proposed frameworks for stablecoins that could offer a competitive regulatory environment for issuers looking for a home.
Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy's Contraction
Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year ago, in May 2022.
BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules
The Bank of England (BoE) will consider whether to put limits on stablecoins used for payments in new rules for the sector, Deputy Governor Jon Cunliffe said in a speech on Monday.
Circle Exec to Join US Congressional Committee Hearing on Stablecoin Payments, Legislation
The United States House Committee on Financial Services a.k.a the Financial Services Committee will hold a hearing on April 19 to discuss stablecoins’ position as a means of payment and whether or not the ecosystem needs supporting legislation.
US House Financial Services Committee Releases Stablecoin Bill Draft Ahead of Hearing
Non-bank stablecoin issuers like Tether and Circle, who respectively issue USDT and USDC, will be under the authority of the Federal Reserve.
