Stablecoin
Latest news, explainers and analysis on Stablecoin. Tracking 4 stories on Arth Vani.
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Latest on Stablecoin
WisdomTree Exec: SEC Allowed Money Market Fund to Trade Like a Stablecoin
Will Peck from global investment firm WisdomTree stated that the US Securities and Exchange Commission (SEC) has permitted a money market fund to function similarly to a stablecoin. This comment highlights a potential convergence between traditional finance and the evolving cryptocurrency space, signaling innovation in stable investment products.
Circle Acquires Nearly 1,000 IBM Blockchain Patents to Enhance Stablecoin Tech
Stablecoin issuer Circle Internet Finance has announced the acquisition of close to 1,000 blockchain-related patents from tech giant IBM. This strategic move aims to bolster Circle's technological foundation and competitive edge in the evolving digital currency landscape, particularly for its USDC stablecoin.
Ripple's Stablecoin Faces Challenges, XRP Value Declines
Ripple's planned stablecoin launch is encountering hurdles, with its value reportedly diminishing on a popular blockchain. This development has coincided with a notable drop in the price of XRP, the cryptocurrency associated with Ripple.
BreakingStablecoin Premium in India Soars Above 8.5% Amid Regulatory Clampdown
Indian users are facing a significant surge in the price of stablecoins like USDT, with premiums now exceeding 8.5%. This increase follows actions by the Enforcement Directorate against entities facilitating crypto transfers, disrupting a key remittance channel for NRIs and highlighting the urgent need for clearer crypto regulations.
Crypto assets / VDAs are unregulated in India and highly volatile — you may lose your entire capital, and gains are taxed. Some listings may be sponsored. Not investment advice.