Chinese authorities have intensified efforts to regulate the use of cryptocurrencies in illegal foreign exchange (forex) trading, South China Morning Post reported. The crackdown specifically targets the misuse of stablecoins…
Bank of Korea Governor Chang-yong Rhee warned that the rise of stablecoins could pose a significant threat to the traditional roles of central bank money and impact the effectiveness of…
This year, the Stablecoin Supply Ratio (SSR) has shown significant trends, offering deep insights into Bitcoin’s market behavior. The SSR, calculated by dividing Bitcoin’s market cap by the market cap…
The U.K. Treasury has finalized its regulatory approach to the crypto industry, which will be enacted in multiple phases, with the first phase bringing fiat-backed stablecoins under the supervision of…
In a bullish indicator for the broader cryptocurrency market, six stablecoins have technically led industry losses over the past 7 days, with the largest decline at 0.12%, underscoring the overall…
Quick Take With the aggregate valuation of the top five stablecoins – USDT, USDC, BUSD, DAI, and Tron – currently amounting to approximately $120 billion, stablecoins have become major holders…
USDR suffered a liquidity crisis, revealing its illiquid assets. A trader lost everything swapping USDR for USDC during the crisis. An MEV bot profited $107,002 from the arbitrage opportunity. The…
Canadian securities regulator CSA has clarified terms and conditions for stablecoin trading on exchanges. Crypto platforms and issuers have to adhere to set conditions before they are allowed to offer…
JPEX has begun to restrict withdrawals by converting user balances to a non-withdrawable cryptocurrency, according to reporting from The South China Morning Post on Oct. 4. The publication referenced statements…
Key takeaways Binance to delist multiple stablecoins A Binance executive has warned that the cryptocurrency exchange could delist multiple stablecoins from its platform. The delisting could happen as the cryptocurrency…
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