Bank of England Governor Andrew Bailey warned global investment banks against developing their own stablecoins, highlighting possible threats to financial stability.Speaking in an interview with The Times, Bailey took a…
Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead.Stablecoins introduce systemic risks to banking…
U.S. lawmakers may actually get a crypto bill to the president's desk. The House is set to vote on market structure and stablecoin legislation next week, bringing the U.S. a…
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In brief
Agora raised $50 million from Paradigm and Dragonfly to expand AUSD, its programmable stablecoin.
AUSD now runs on 13 blockchains.
The raise comes as stablecoin legislation is making its way through…
The United States views dollar-pegged stablecoins as a tool to help reverse the decline of the dollar’s status as a global reserve currency, according to a new report from digital…
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Stablecoins are growing fast. Most of the $255 billion sector is currently concentrated in U.S. dollar-backed tokens, which account for $241 billion of that total, according to RWA.xyz data.Former European…
China’s JD.com and Ant Group are pressing the central bank to permit yuan-based stablecoins to counter the rise of U.S. dollar-linked digital currencies, Reuters reported on Friday.They propose launching stablecoins…
In brief
Minna Bank, Japan’s first digital-only bank, is piloting stablecoin and wallet use cases with Fireblocks, Solana Japan, and TIS.
The study will assess the issuance of stablecoins on Solana and…