stablecoins

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

(source: en.wikipedia.org)

Tether Sees Market Cap Drop Amid Broader Stablecoin Troubles
Tether Sees Market Cap Drop Amid Broader Stablecoin Troubles
September 03, 2023  |  Cryptocurrency

Tether has seen its market capitalization fall for the first time in nine months amid a shaky stablecoin market. Tether’s USDT token’s market cap fell 1.2%...

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Tether Taps Britannia Bank to Process Dollar Transfers
Tether Taps Britannia Bank to Process Dollar Transfers
August 30, 2023  |  Cryptocurrency

Tether has reportedly begun working with Bahamas-based Britannia Bank & Trust to process dollar transfers. A report Tuesday (Aug. 29) by Bloomberg News — citing sources familiar with the matter...

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Circle and Mercado Pago Partner to Improve Access to USDC
Circle and Mercado Pago Partner to Improve Access to USDC
August 29, 2023  |  Partnerships

Global FinTech firm Circle has partnered with Mercado Pago, the largest FinTech company in Latin America, to enhance efficiency and accessibility to digital dollars in Chile. By granting...

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Federal Reserve Sets Guidelines for Banks’ Use of Stablecoins
Federal Reserve Sets Guidelines for Banks’ Use of Stablecoins
August 28, 2023  |  Regulation

A new Federal Reserve supervisory letter on the process for state member banks using dollar tokens, such as stablecoins, to facilitate payments has drawn the...

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Digital Wallet Belo Launches Web Platform for B2B Cross-Border Payments
Digital Wallet Belo Launches Web Platform for B2B Cross-Border Payments
August 25, 2023  |  B2B Payments

Digital wallet Belo has launched a web platform to help businesses make cross-border transactions.  This initiative allows companies from 108 countries to open a free account...

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Coinbase Invests in Circle and Shutters Centre Consortium
Coinbase Invests in Circle and Shutters Centre Consortium
August 22, 2023  |  Cryptocurrency

Coinbase says it has taken an equity stake in fellow crypto company/USDC issuer Circle. “The nature of the investment means that Coinbase and Circle will...

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Binance to Shut Regulated Binance Connect
Binance to Shut Regulated Binance Connect
August 15, 2023  |  Cryptocurrency

Crypto investors and businesses alike have been left questioning the implications of the announced closure of Binance Connect by Binance on Tuesday (Aug. 15). The...

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Crypto Company Circle Prepares for New Products and Global Expansion
Crypto Company Circle Prepares for New Products and Global Expansion
August 10, 2023  |  Cryptocurrency

Crypto company Circle Internet Financial is counting on its $1 billion cash cushion to weather fresh competition from non-crypto companies such as PayPal Holdings. Stablecoins are a...

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Fed to Ratchet Up Oversight Into Banks’ Crypto Activity
Fed to Ratchet Up Oversight Into Banks’ Crypto Activity
August 09, 2023  |  Cryptocurrency

America’s central bank is the latest U.S. regulator to increase cryptocurrency sector oversight. The Federal Reserve Board on Tuesday (Aug. 8) released new information on its plan to supervise...

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