Tag: stablecoin

INX partners with GMO to list regulated Japanese yen stablecoin
September 22, 2021 BY Steffy Bogdanova

INX partners with GMO to list regulated Japanese yen stablecoin

Corporate clients can take advantage of more efficient Japanese Yen-backed payment solution, with instant settlement in digital wallets as opposed to the traditional market T+2 experienced in the underlying asset. In the beginning, GYEN and ZUSD will be traded against the US Dollar and Bitcoin. The company said it will include additional pairs in the…

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WFE started developing common taxonomy on stablecoins
July 22, 2020 BY Steffy Bogdanova

WFE calls for common regulatory classification of stablecoins

WFE has expressed its belief that regulators should cooperate to share information on global stablecoing and crypto-assets and issues on the trading platforms. To address customer protection and market integrity, a formalised co-ordinated approaches to enforcement and oversight in general need to be developed. Nandini Sukumar, Chief Executive Officer of the WFE said: We support…

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If Russia ends its ‘Love-Hate’ of cryptos, can it be the ‘King of Blockchain’?
December 27, 2019 BY Mariela Naydenova

Russia's Central Bank is testing a stablecoin under sandbox

Russia is moving forward with testing stablecoins, as The Bank of Russia has started testing these pegged to real assets set in regulatory sandbox. The head of the central bank, Elvira Nabiullina, commented that the bank does not assume that stablecoins will eventually replace money or function as payment means. What the Bank of Russia…

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September 06, 2019 BY Mariela Naydenova

The new BUSD stablecoin by Binance and Paxos, NYDFS-approved

The largest cryptocurrency exchange Binance is now launching a new USD-pegged stablecoin in the U.S. The more exciting news is that the new coin, called BUSD, has been approved by the New York Department of Financial Services or NYDFS. The other partner on the project is Paxos Trust Company. The Binance stablecoin will be pegged…

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