Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K 'fair value'

Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K ‘fair value’

Cryptocurrency exchanges now have more stablecoins on their books than ever before in a fresh sign investors are waiting to buy Bitcoin (BTC) and altcoins. Data from on-chain analytics platform CryptoQuant shows... Read more »
Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K 'fair value'

Can Terra’s UST Stablecoin Hold Its Peg?

Key Takeaways UST is an algorithmic stablecoin on Terra. It’s pegged to the value of the U.S dollar. Because UST is unbacked, it can potentially de-peg from the dollar during periods of... Read more »
Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K 'fair value'

Hong Kong begins discussions to introduce stablecoin regulatory framework

Hong Kong’s central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory... Read more »
Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K 'fair value'

Stablecoin regulations: Where we are, and where we’re headed

In the early crypto era, when only few knew of any cryptocurrency outside of Bitcoin, it was under a constant deluge of criticism. Charlie Munger, the Vice Chairman of Berkshire Hathaway, summed... Read more »
Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K 'fair value'

LUNA reaches $100 as major exchanges list Terra’s UST stablecoin

The Terra ecosystem has experienced parabolic growth this fall which culminated this Friday as its native cryptocurrency LUNA reached its all-time high of $100. LUNA’s growth was fueled by the significant traction... Read more »
Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K 'fair value'

Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies

Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions,... Read more »
Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K 'fair value'

Hawkish Fed comments and fears of stablecoin regulation spark market sell-off

The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from United States Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon... Read more »