Societe Generale-Backed Euro Stablecoin EURCV Starts Trading on Bitstamp
The listing marks the first time a euro stablecoin issued by a fully regulated bank is available on a cryptocurrency exchange.
Stablecoins
Fresh Money Flows to Crypto as Stablecoin Market Expands After 1.5 Years Downtrend
Tether’s USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
Global Standards Setter for Securities Regulation Publishes Crypto Markets Policy Recommendations
IOSCO denied crypto industry requests for a bespoke regime for stablecoins while requiring closer cooperation between regulators in promotional materi
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement.
Crypto Market Sees Net Capital Inflow for First Time in 17 Months
The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market.
Can Stablecoins Get Past Their Instability?
(Sammie Chaffin/Unsplash, modified by CoinDesk)
Circle Curbs Stablecoin Minting for Retail Users, Moving Closer to Tether’s Practice
USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients.
Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans
Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.
Tokenized U.S. Treasury Market Grows Nearly 600% to $698M as Crypto’s RWA Race Intensifies
Tokenized versions of U.S. Treasuries grew nearly seven-fold so far in 2023 as competition between investment offerings and blockchain venues intensified.
Despite U.S. House Gridlock, Senator Gillibrand Bullish on Stablecoin Bill, Illicit Finance Legislation
Even as the U.S. House of Representatives is paralyzed by a Republican leadership drama, U.S. Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are still pressing to get crypto legislative through.