The stablecoin GHO, created by DeFi platform Aave, lost its $1 peg for a few hours on July 31. The token has risen to $0.98 since then, and analysts are theorizing what might…
US lawmakers advocating for stablecoin regulations have accused the Democrats of obstructing the process. Moreover, concern is growing that stablecoin legislation could open the door for tech giants to issue their own stablecoins….
The United States state of Wyoming is beginning its work on its stablecoin, officially called the “stable token” project, by opening a job position for the head of the stable token commission. The…
Representative Patrick McHenry, the chairman of the House Financial Services Committee (FSC), announced the markup of legislation aimed at providing regulatory clarity for the digital asset ecosystem. The committee will meet on July…
Stablecoin use could be “stifled” by daily transaction caps in the European Union’s Markets in Crypto-Assets (MiCA) legislation, with some calling for the framework to be revised. On May 31, MiCA was signed…
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At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow…
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Tether, the company behind the widely popular USD stablecoin, has announced its foray into energy production and sustainable Bitcoin mining operations in Uruguay. According to the announcement, Tether’s collaboration with a local licensed…
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