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Stablecoins, digital tokens typically backed by traditional assets that are designed to hold a steady value, have emerged as one of the key cogs in the crypto economy
By Hannah Lang, Tom Wilson and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) - The firm behind Binance's stablecoin, Paxos Trust Company, said the U.S. Securities and Exchange Commission (SEC) has told the company it should have registered
New York's chief financial regulator said on Monday it has ordered the firm behind Binance's stablecoin to stop issuing the token after finding it could not do so in a "safe" manner, in a blow to the world's biggest crypto exchange.
Genesis Global Capital, one of the largest crypto lenders, froze customer redemptions on Nov 16 after the collapse of major exchange FTX sent shockwaves through the crypto asset industry, fuelling concern that other companies could implode