The World Monetary Disaster decreased the depth of capital Blockchain-based stablecoins might help fill the hole, say Christine Cai and Sefton Kincaid, of Cicada Supply hyperlink
stablecoins
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Regulation
China initiates crackdown on use of stablecoins in unlawful foreign currency trading
by Jeremyby JeremyThe crackdown particularly targets the misuse of stablecoins like Tether (USDT) in illegal Supreme Individuals’s Procuratorate and the State Administration of Overseas Alternate (SAFE) issued a joint assertion on 28, urging prosecutors and foreign exchange regulators to bolster…
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This 12 months, the Stablecoin Provide Ratio (SSR) has proven vital developments, providing deep insights into Bitcoin’s market The SSR, calculated by dividing Bitcoin’s market cap by the market cap of main stablecoins, is a barometer for the relative…
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Altcoin NewsNews
Bitcoin to surge to $80K as stablecoins overtake Visa in 2024: Bitwise
by Jeremyby JeremyIn a 13 submit to X (previously Twitter), Bitwise’s Ryan Rasmussen outlined ten bullish predictions for the crypto trade in 2024, with one of many main themes being the explosive progress of the stablecoin on Bitwise, stablecoins shall…
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Exchanges
Stablecoins Can Present an Escape From Excessive-Inflation Currencies: Brevan Howard Digital
by Jeremyby JeremyUtilization has proven a low correlation with crypto trade volumes, which means that vital stablecoin transaction volumes are probably getting used for non-speculative functions, the report Supply hyperlink
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Bitcoin NewsNews
BlockFi asks courtroom for permission to transform trade-only property into stablecoins
by Jeremyby JeremyOn 29, BlockFi filed an software to america Chapter Court docket for the District of New Jersey to authorize the conversion of the so-called trade-only property into The property in query — Algorand’s native token, ALGO, Bitcoin Money (BCH)…
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