Neowin News Feed for: Stablecoins

PayPal launches its own stablecoin, PayPalUSD (PYUSD), for payments

Omer Dursun — Mon, 07 Aug 2023 15:20:01 +0000

PayPal launches PYUSD stablecoin. It is backed by USD deposits, pegged to the US dollar, on the Ethereum blockchain via Paxos Trust. The company enables P2P payments and conversions to other cryptos. Read more...

European Central Bank wants to introduce urgent regulations in the crypto sector

Karthik Mudaliar — Wed, 07 Dec 2022 16:30:01 +0000

A member of the European Central Bank board, Fabio Panetta, stated an urgent requirement for regulations in the crypto sector. This comes after the collapse of FTX and rising volatility for crypto. Read more...

Tether plans to launch a token that's pegged to the British pound

Paul Hill — Wed, 22 Jun 2022 22:22:01 +0000

Tether has created a stablecoin pegged to the British pound. It will be available to buy from early July and is the fifth token linked to a fiat currency that the company has released. Read more...

UK outlines plans to regulate stablecoins just weeks after TerraUSD becomes worthless

Paul Hill — Tue, 31 May 2022 15:12:01 +0000

The UK Treasury has outlined plans to regulate the stablecoin market to help better protect consumers. It could protect investors if other stablecoins collapse like TerraUSD did this month. Read more...

UK government gets with the times as it plans to regulate stablecoins for everyday payments

Paul Hill — Mon, 04 Apr 2022 17:54:01 +0000

The UK government has announced that it's planning to regulate stablecoins. This would ensure that they're reliable and safe. It's also seeking to improve the tax system for cryptoassets. Read more...

Millions of dollars worth of crypto being sent to Ukraine at request of the government

Paul Hill — Sun, 27 Feb 2022 16:28:01 +0000

Cryptocurrencies are being used to facilitate the transfer of millions of dollars in aid to Ukraine. The firm Elliptic said that over $16.7 million has been sent to the Ukrainian government and NGOs. Read more...

Bank of England's head calls for regulation of stablecoins

Paul Hill — Thu, 03 Sep 2020 18:06:02 +0000

The Bank of England's Andrew Bailey has called on the G20 to regulate stablecoins and other crypto-assets. He said this must be done to prevent money laundering and monetary policy destabilisation. Read more...

Libra Association considering alternative plan to address regulatory issues

Paul Hill — Mon, 21 Oct 2019 07:24:01 +0000

The head of the Libra project at Facebook has announced that the cryptocurrency could be made up of national stablecoins instead of being a synthetic currency as it tackles regulatory issues. Read more...