Stablecoin Tethering News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The draft legislation authored by Rep. Josh Gottheimer, D-N.J., would allow "qualified" nonbanks to issue stablecoins and create an insurance fund to offset losses.

The digital asset and blockchain sector in 2021 saw exponential growth and adoption fueled by stablecoins, non-fungible tokens NFTs, decentralized finance DeFi, and decentralized autonomous organizations DAOs.

Stablecoin Report: Greater Risks Posed by Stablecoins Using Only Fractional Reserves or Higher-Risk Asset Allocations July 4, 2021 @ 6:49 pm By Omar Faridi The dramatic growth of stablecoin issuance may eventually have implications for the overall functioning of short-term credit markets, according to Fitch Ratings. Fitch Ratings notes in a recent update that potential asset contagion risks “linked to the liquidation of stablecoin reserve holdings” might increase pressure for stricter or tighter regulation of the emerging sector. Contagion risks are mainly associated with collateralised ...

Stablecoins present new dilemmas for regulators as mass adoption looms A close look at the policy issues relating to the potential impact of stablecoins on financial systems and economies around the world. 19354 Total views Expert Take Stablecoins present peculiar challenges to regulators. Although there is no single, agreed-upon definition of a stablecoin, the common denominator of the commonly used definitions is that stablecoins are designed to maintain a stable value in relation to a specified currency, asset or pool of such currencies/assets. They are contrasted with regular cry...

9 Min Read New York(Thomson Reuters Regulatory Intelligence) - *To read more by the Thomson Reuters Regulatory Intelligence team click here: bit.ly/TR-RegIntel A representation of virtual currency Bitcoin and U.S. One Dollar banknote are seen in front of a stock graph in this illustration taken January 8, 2021. A new interpretive letter from the Office of the Comptroller of the Currency allowing the use of stablecoin cryptocurrency for bank payments opens a pathway for mainstream finance to live-test digital assets in a relatively safe corner of the market. The decision greenlights what some...