In collaboration with three Japanese banks, GU Technologies has initiated a proof-of-concept to develop a stablecoin-issuing system for financial institutions. The project will be deployed on the Japan Open Chain, an Ethereum-compatible public blockchain which is fully compliant with Japanese law.
Circle’s USDC stablecoin slipped from its dollar peg due to the collapse of tech start-up friendly Silicon Valley Bank, and not that of the far more crypto-entwined Silvergate Bank, which also announced that it was entering liquidation this week.
Circle’s USDC stablecoin slipped from its dollar peg due to the collapse of tech start-up friendly Silicon Valley Bank, and not that of the far more crypto-entwined Silvergate Bank, which also announced that it was entering liquidation this week.
In collaboration with three Japanese banks, GU Technologies has initiated a proof-of-concept to develop a stablecoin-issuing system for financial institutions. The project will be deployed on the Japan Open Chain, an Ethereum-compatible public blockchain which is fully compliant with Japanese law.
The European Union's upcoming MiCA Regulation is set to impose strict requirements on stablecoins, and issuers will be required to meet a range of criteria to ensure compliance. MiCA has two categories for stablecoins, so close in their definitions, that distinctions are difficult to spot.
Circle CEO, Jeremy Allaire, shared with Bloomberg his thoughts on the SEC's interaction with the stablecoin market and the regulator's proposal on the storage of cryptocurrencies.
130 million TrueUSD were released for Binance within one week, BUSD was removed from the Coinbase listing, and what does the head of Binance think about it. Learn more about recent events.
