The Euro-U.S. dollar exchange (EUR/USD), the world's most liquid foreign exchange pair, has surged 12.88% in the first half, outperforming Nasdaq and S&P 500 and nearly rivaling bitcoin 14.8%…
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Stablecoins now account for most illicit on-chain activity, according to the Financial Action Task Force (FATF).Mass adoption of stablecoins will amplify illicit finance risks, particularly when it is handled unevenly…
Taurus, the Swiss crypto custody technology firm that counts Deutsche Bank among its customers, is rolling out a zero-knowledge proofs (ZKP) privacy layer for stablecoins, starting with Circle’s USDC.Taurus’s zero-knowledge…
The European Union’s main executive body has taken a soft approach on stablecoins, contrasting with that of the European Central Bank (ECB) and sparking industry optimism.In response to ECB concerns…
Hong Kong’s latest digital asset blueprint places stablecoin regulation and asset tokenization at the heart of its strategy to become a global crypto and fintech hub.The policy statement, issued on…
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In brief
Against the protests of the European Central Bank, the EU is planning to soon allow foreign, dollar-backed stablecoins to easily enter European markets, according to a report out Wednesday.…
Reason to trust
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A new report from the Bank for International Settlements (BIS) challenged the notion that stablecoins can serve as money in a modern financial system.According to the BIS Annual Economic Report…