Aggregate stablecoin supplies have shrunk by their largest amount on record over the past month as capital continues to flow out of the crypto. On May 19, on-chain analytics provider Glassnode reported that aggregate stablecoin
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The catastrophic failure of Terra’s algorithmic stablecoin, TerraUSD (UST), last week exacerbated the chaos in the crypto industry and accelerated plans to regulate the stablecoins market. Following the market crash, global financial regulators started proposing
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A commissioner with the U.S. Securities and Exchange Commission (SEC) expects to see stricter regulation on stablecoins. However, Treasury Secretary Janet Yellen says stablecoins are currently “not a real threat” to the country’s financial stability.
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According to two former SEC lawyers, the Securities and Exchange Commission is likely already probing what happened to UST over the last week. A spokesperson for the SEC told The Block: “The SEC does not comment
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A bill regarding stablecoins has been proposed by US lawmaker Josh Gottheimer; however, it faced backlash from critics A recent CNBC piece has shared that a U.S. lawmaker from New Jersey, Josh Gottheimer and his
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As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top
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Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged
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On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent
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Acting Comptroller of the United States Currency, Michael J. Hsu, delivered a speech on January 13, 2022, highlighting the benefits of regulating the cryptocurrency space, especially stablecoins, as a way to to provide peace of
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As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months,
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