Cardano Launched ADA-Backed Stablecoin
ADA-backed stablecoin ‘Djed’ launched on Cardano blockchain.
Stablecoin
GBPT Stablecoin Integrates into 18,000 ATMs in UK
Thousands of crypto ATMs in the United Kingdom now allow customers to withdraw cash for GBPT, a stablecoin backed by British pound
Moody’s Preps Stablecoin Scoring System
Moody’s is developing a system for evaluating up to 20 stablecoins.
Saudi Arabia Central Bank Launches CBDC Experiment
Saudi Central Bank continues CBDC experimentations, currently focusing on domestic wholesale of CBDC in collaboration with local banks and fintechs.
Binance SWIFT Banking Partner to Ban USD Transfers Below $100K
Binance’s SWIFT partner, Signature Bank, has set a minimum transaction limit of $100,000.
Universal Digital Payments Network Launches at Davos
A Universal Digital Payment Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDC) was launched at the World Economic Forum (WEF) in Davos.
Over 1% of Binance Tokens Just got Burned
BNB Chain has burned over $500 million worth of its native BNB tokens during its 22nd scheduled burn, the first quarterly burn of 2023.
Tether’s Settlement Volume Flips Visa and Mastercard
According to Coin Metrics, Tether (USDT) handled $18.2 trillion in transactions in 2022, far surpassing established payment processors Visa and Mastercard, who processed $14.1 trillion and $7.7 trillion, respectively.
US Senator Introduces Stablecoin Bill
If passed by Congress, the stablecoin bill would permit non-state and non-bank institutions to issue stablecoins with a federal license
Tether to Give up on Secured Loans in 2023
Tether promises to stop the practice of lending funds from its reserves “to restore faith” in the crypto market
Hong Kong Warns That Stablecoin Volatility Can Affect Traditional Financial Systems
Systematic shocks within the crypto ecosystem risk to have knock-off effects upon traditional financial institutions
Circle Adds Apple Pay Support
The stablecoin issuer added Apple Pay support outlining benefits for both crypto and traditional businesses
Crypto Volatility De-pegged Stablecoins, Urges for Legislation
FTX potential collapse calls for greater federal oversight of the digital asset industry
‘Second Great Stablecoin War’: causes and consequences
The rapid rise of Binance stablecoin Binance USD (BUSD) could spark the “Second Great Stablecoin War” leading to considerable market changes
Hong Kong presents unique CBDC project
The Hong Kong Monetary Authority presented Aurum retail central bank digital currency (CBDC) prototype, reflecting unique monetary policies of the special administrative region
Over 12,000 Brazil companies break the record for crypto holdings
August data released by Brazil’s tax authority revealed that over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded
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