Tether To Reduce Secured Loans to Zero by 2023
Tether (<a href="https://cryptoslate.com/coins/tether/">USDT</a>) said it would remove its secured loans in its reserves by 2023, according to a Dec. 13 blog <a href="https://tether.to/en/tether-addresses-fud-around-secured-loans-reveals-plans-to-reduce-these-to-zero-in-2023/">post</a>.
Binance CEO Addresses USDC Outflows: ‘Feel Free To Withdraw Any Other Stablecoin’
Binance CEO Changpeng Zhao stepped in to reassure clients after the world's biggest crypto exchange experienced more than a billion dollars of outflows.
The Block Fully Owned by SBF? Crypto Titans in Twitter Spat; Staked ETH to Release Soon | Cointime Weekly Dec.04 – Dec.10
CZ V SBF: Crypto Titans in Twitter spat; tether launches offshore Chinese yuan (Cnh₮); Japan, South Korea and UK want to police stablecoins; understand how Merkle trees benefit blockchains.
Regulators in Japan, South Korea Want to Police Stablecoins
The top Japanese financial regulator has stated that it intends to police “algorithmic stablecoins.” And the South Korean central bank also wants the power to regulate fiat-pegged tokens.
Coinbase Announces Zero-Fee USDT to USDC Stablecoin Conversion
In what may signal the beginning of a new phase in the battle for stablecoin dominance, Coinbase, the world’s second-largest crypto exchange by trading volume, is now encouraging its users to swap from Tether's USDT to Circle's USDC with zero-fee trades.
USDC Could Get Access to Fed’s RRP via BlackRock Partnership
USDC stablecoin could get indirect access to the Federal Reserve’s risk-free liability, as its partner BlackRock is set to apply for the Fed’s reserve repo (RRP) program.
Should We Trust Tether USDT as a Safe Stablecoin?
Paolo Ardoino, the Genoese behind Tether is also a son of his homeland: shy, soft-spoken, but a great capitalizer of resources.
Stablecoin Startup Membrane Finance Reels In EU Money Licence and €2 Million in Seed Financing
Membrane Finance, a Finnish fintech building a European alternative to the USD stablecoin, has been granted an Electronic Money Licence by the country's regulator and picked up €2 million in seed funding.
Cardano Reactivates Testing of Djed Stablecoin With Brand New Capabilities
Despite the recent setbacks, the <a href="https://finbold.com/category/cryptocurrency-news/">cryptocurrency sector</a> continues to expand, led by the developments and innovations of major ecosystems such as the Cardano (<a href="https://finbold.com/cryptocurrency/cardano">ADA</a>) network, which has recently renewed its <a href="https://finbold.com/guide/stablecoins/">stablecoin</a> tests.
Japan Recommends Against Algorithmic Backing in Stablecoins
After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a recommendation from the Financial Service Agency (FSA) and was repeated by the country’s Vice Minister for International Affairs, Tomoko Amaya.
