Stablecoins

G7 To Oppose Facebook’s Libra Until Properly Regulated

  • Central bankers and finance ministers from the G7 said, in a draft statement, that Facebook's Libra should not launch until it's properly regulated.
  • The team agreed "global stablecoins" could improve access to financial services, but that they could also undermine financial stability and consumer protection.

Centre Consortium Makes Algorand An Official Blockchain For USDC

  • Algorand’s blockchain is said to bring significant improvements in terms of transaction scaling and speed to the USDC market.
  • Circle’s APIs will aid developers in scaling their dapps on Algorand, enabling access to new powerful tools for building customer financial applications.

BCB Group Partners With Circle To Offer Stablecoin Payments

  • BCB's partnership with Circle will allow the group to improve its infrastructure for efficient USDC payouts and settlements.
  • The partnership was also spurred by a growing demand for dollar-pegged stablecoins.

DAI Holders Can Now Earn 2% Interest On Coinbase

  • Coinbase's new rewards program applies to customers residing in the U.S., U.K., the Netherlands, Spain, France and Australia.
  • The exchange already offers similar programs for the USD Coin (0.15% APY) and the Tezos tokens (5% APY).

Centre Freezes $100,000 In USDC Due To Law Enforcement Request

  • This move marks the first time the Centre Consortium used its power to blacklist an address.
  • Blacklisted addresses are no longer able to receive USDC, while the funds already inside are blocked, and cannot be transferred on-chain.

Circle Launches USDC On Algorand

  • Circle's USD Coin will benefit from Algorand's speed and security.
  • Algorand has become only the second organization to support USDC and the foundation's COO has expressed her excitement about the partnership.

Tether Launches On OMG Network To Reduce Load On Ethereum

  • The OMG Network claims to support thousands of transactions per second at a third of the cost of the same transaction on Ethereum.
  • With the new integration, Tether is now available on seven different blockchains, though Ethereum remains its largest value settler.

Tether To Use Chainalysis’ AML Compliance Tools

  • With the help of Chainalysis' Know-Your-Transaction tool, Tether will be able to track potential criminal activities.
  • While Tether can not confiscate the tokens used in a "high risk" transaction, it can still freeze the wallets that contain them.

Tether Deploys on Algorand

  • Tether announced back in July, 2019, that they will deploy on Algorand.
  • Algorand has become only the fifth blockchain where USDT is available for trading.

WisdomTree Considers Launching a Stablecoin in the U.S.

  • The asset manager, who oversees around $63 billion in assets, will first try to obtain the approval of the SEC.
  • The regulatory agency might be a bit more welcoming towards WisdomTree, given that it is an established U.S. financial firm.