U.S. Congress To Hold Hearing On Stablecoin Legislation, Probe SEC Regulatory Action
The U.S. Congress appears to have an interesting week ahead, as the House of Representatives is set to debate a ...
Tag: stablecoin
USDC Outflow Surpasses $10 Billion, Are Investors Losing Interest In The Stablecoin?
Since the Silicon Valley Bank (SVB) fallout negatively impacted Circle’s USD coin (USDC), the stablecoin has recorded significant outflows. This ...
US Treasury Report Raises Concerns About CBDC Impact on Banks And Households
A recent study by the United States Treasury revealed that the introduction of central bank digital currency (CBDC) could potentially ...
TerraUSD: Why The U.S. Justice Department Is Now Probing The Stablecoin’s Collapse
The U.S. Justice Department is investigating the 2022 collapse of the TerraUSD stablecoin and is considering bringing criminal charges against ...
100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank
The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its ...
USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank
Stablecoin issuer Circle disclosed late Friday that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley ...
Stablecoin Issuer Sets Ambitious Hiring Goals For 2023, Eyes 25% Staff Increase
Stablecoin issuer Circle ended 2022 with approximately 900 employees and has announced plans to add 135 to 225 new personnel ...
BUSD Debacle Unlikely To Cause “Large Structural Change” In Crypto Market, Report Says
The latest crackdown on Binance USD (BUSD) is unlikely to cause any "large structural changes" in the crypto market, according ...
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