Amid an intensifying international focus on stablecoins, the International Monetary Fund (IMF) has released a 56-page report detailing what it sees as the key risks surrounding their adoption. The report draws parallels from the claims many other central banks and international financial organizations make regarding… Read More
Bitcoin’s slide to $84,000 is being driven less by mood and more by mechanics, according to Greg Cipolaro, Global Head of Research at NYDIG. In a report, Cipolaro said the core engines of the 2024–25 rally have shifted into reverse. Spot bitcoin ETFs, once the primary… Read More
U.S. Federal Reserve Governor Stephan Miran, the newest member of the board of governors after his recent confirmation, pointed a spotlight on stablecoins and the potential that their explosive growth — especially by foreign users — will have heavy consequences for monetary policy. “Stablecoins may… Read More
The Japanese Financial Services Agency (FSA) said it will support the country’s three largest banks in developing a proof-of-concept for issuing a stablecoin. Japan’s financial regulator said the venture will see Mitsubishi UFJ Financial Group (8306), Sumitomo Mitsui Financial Group (8316) and Mizuho Financial Group… Read More
Elixir said it will sunset its deUSD stablecoin after $75 million worth of the token became entangled in Stream Finance’s $93 million loss.
A deputy governor of the Bank of England (BOE) played down concerns the U.K. is slipping behind other jurisdictions in introducing regulatory regimes for stablecoins, saying the rules will be in effect “just as quickly as the U.S.,” Bloomberg reported on Wednesday. “Our aim is… Read More
