Investors’ interest in “stable” cryptocurrencies can be explained by the desire to hedge risks during periods of destabilization of the financial market. The valuation of all issued stablecoins exceeded $ 20 billion. The total growth […]
According to regulators, now the term does not reflect reality. The experts from the European Central Bank (ECB) came to the conclusion that the term stablecoins needs to be replaced because it is too ambiguous. […]
The Office of the Comptroller of the Currency (OCC) has authorized national banks to hold the reserve assets that secure the stablecoins. The OCC emphasizes that the permission only applies to certain types of stablecoins: […]
In August Solana announced the partnership with Coinbase Custody. Now USDT is launched on its blockchain. According to the statements of the company’s developers the blockchain is faster and cheaper than Ethereum, which is an […]
Sberbank, the largest Russian bank which controlling stake belongs to the state has conceded a possibility to issue its cryptocurrency. Its net profit reached RUR166.7 billion (approximately USD2.3 billion) as for the Q2nd, 2020. The […]
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