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Stablecoins

Stablecoins are digital assets that are referencing (pegged to) other assets, usually fiat currencies such as U.S. dollar and euro

Stablecoins

Stablecoins are digital assets that are referencing (pegged to) other assets, usually fiat currencies such as U.S. dollar and euro

Stablecoins   -   Jan 25, 2023 The National Australia Bank Has Created a Stablecoin - AUDN
NAB logo on the background of Australian dollars

The National Australia Bank (not to be confused with the Reserve Bank of Australia) plans to launch its own AUDN stablecoin pegged to the Australian dollar by mid-2023.

Stablecoins   -   Jan 23, 2023 LUNC Afloat Again?
LUNC logo on the background of coins.

The Terra Classic update aimed at eliminating the possibility of re-minting tokens and increasing the cost of gas by five times has been accepted by the community and supported by Binance. The price of LUNC increases.

Update   -   Jan 26, 2023 UPD: The first foreign stablecoins may be allowed in Japan as early as June

As we wrote earlier, the Financial Services Agency (FSA) of Japan plans to lift the ban on the distribution of foreign stablecoins within the country in 2023. The first details concerning the time frame have been disclosed, шn a conversation with Cointelegraph a representative from the FSA mentioned a few

Alex Harutunian
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Update   -   Jan 26, 2023 UPD: The first foreign stablecoins may be allowed in Japan as early as June

As we wrote earlier, the Financial Services Agency (FSA) of Japan plans to lift the ban on the distribution of foreign stablecoins within the country in 2023. The first details concerning the time frame have been disclosed, шn a conversation with Cointelegraph a representative from the FSA mentioned a few

Alex Harutunian
Stablecoins   -   Jan 25, 2023 The National Australia Bank Has Created a Stablecoin - AUDN
NAB logo on the background of Australian dollars

The National Australia Bank (not to be confused with the Reserve Bank of Australia) plans to launch its own AUDN stablecoin pegged to the Australian dollar by mid-2023.

Alex Harutunian
Stablecoins   -   Jan 23, 2023 LUNC Afloat Again?
LUNC logo on the background of coins.

The Terra Classic update aimed at eliminating the possibility of re-minting tokens and increasing the cost of gas by five times has been accepted by the community and supported by Binance. The price of LUNC increases.

Alex Harutunian
Stablecoins   -   Jan 21, 2023 "Token of the Persian Gulf Region” from Iran and Russia
Gold coin on the background of the flags of Russia and Iran.

The authorities in Russia and Iran are discussing the creation of a stablecoin tied to gold. The "Token of the Persian Gulf region" will be used for cross-border payments, but first a legislative framework for regulating cryptocurrencies is required.

Alex Harutunian
Update   -   Jan 20, 2023 UPD: Tether overtakes Visa and MasterCard in terms of settlement volume
Tether overtakes Visa and MasterCard

As we wrote earlier, 2022 was quite a difficult year for stablecoins, but they managed to reach a record settlement volume, exceeding $7 trillion. Then, Peter Johnson predicted that the total settlement volume of stablecoins in 2023 would bypass Visa.

Alex Harutunian
Stablecoins   -   Jan 13, 2023 Tether Gold is Now Also on ICRYPEX
Tether Gold is Now Also on ICRYPEX

A stablecoin linked to gold, Tether Gold (XAUT), has been listed on ICRYPEX crypto exchanges.

Alex Harutunian
Regulation   -   Jan 11, 2023 Financial Stability Board Proposes Stablecoin Regulation, Collects Expert Responses
Financial stability board logo

On the 11th October 2022, the FSB published two consultative reports recommending frameworks for the international regulation of crypto-assets. On the 4th January 2023 they published the commentary responses they received back from 49 different organisations.

Observers
Stablecoins   -   Jan 09, 2023 Core Scientific Disables Mining Machines for Celsius
Core Scientific Disables Mining Machines for Celsius

It transpired that on January 3, Bitcoin miner Core Scientific and Celsius reached an agreement to disable more than 37 thousand mining machines.

Alex Harutunian
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