STASIS Stablecoin Digest 08.05.2020
Main page Digest, Fintech, Blockchain, Startups, Stablecoins, Regulations

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Regulation and monetary policy

ECB: Malfunctioning of Global Stablecoins Could Pose Risk to Financial Stability

The European Central Bank (ECB) has issued a report on a regulatory and financial stability perspective of global stablecoins.

Central Bank of the Netherlands Gives Crypto Firms 2 Weeks to Register

De Nederlandsche Bank (DNB), the central bank of the Netherlands, has ordered the registration of crypto companies operating in the country.

Crypto Regulatory Clarity in India: The Missing Piece to Mass Adoption

Regulation is one of the biggest hurdles for crypto in India as exchanges continue the legal battle to establish a clear framework.

Crypto firms found a way to be compliant with FATF’s AML rules

Financial Action Task Force (FATF) created strict anti-money laundering regulations that are causing issues for plenty of crypto firms. As a result, these companies made an effort to find a solution that would help them operate while still respecting the rules.

Deutsche Bank approves Facebook’s latest changes in stablecoin Libra One of Europe's leading banks, Deutsche Bank, seems satisfied with the latest changes that Libra Organisation made to the stablecoin Libra.

How Centralized Crypto Can Improve Blockchain Reporting

Centralized crypto options may be the key ingredient needed for better blockchain reporting.

Government proposes framework to regulate crypto services

The Cayman Islands government has issued a proposed legislative framework for virtual asset service providers that seeks to align the crypto space with international anti-money laundering standards.

Analytics and opinions

The DeFi Hack: What Decentralized Finance Should and Shouldn’t Be

The DeFi sector will continue to grow in the future despite the difficulties that the industry has faced since the beginning of 2020, but be careful by choosing whom to trust.

Africa: COVID-19, Gold Demand and the Gold-Backed Stablecoin Opportunity

The third decade of the third millennium is returning humanity to the gold standard, but this time it will be backed with decentralized ledger technology.

Research Shows Inverse Correlation Between USDT on Crypto Exchanges and Bitcoin's Price

Recent research shows that there is an inverse relationship between the percentage of the Tether stablecoin on exchanges and Bitcoin’s price.

Stablecoins Push Ethereum’s Transaction Count to Highest Since July 2019

Ethereum’s network is experiencing its busiest days in 10 months amid increased issuance of stablecoins and the runup to Ethereum 2.0.

$10 Billion Stablecoin Boom as Bitcoin Halving Nears

Anticipation of Bitcoin’s halving could be driving the issuance of stablecoins. A record $3 billion of stablecoins were deposited on exchanges this year. Stablecoins are increasingly being used to enable Asian trade finance.

Why are stablecoins’ market shares increasing rapidly, despite a recession scare?

Stablecoins have been the topic of discussion for quite some time now, especially since the start of 2020. Although Coronavirus takes the spotlight, both are not mutually exclusive. The ripples of COVID-19 are being felt in the cryptocurrency ecosystem too. Stablecoins, in particular, have felt the heat. Regardless of pandemic-induced pressures, stablecoins seem to be doing well, increasing in market cap even with the threat of negative interest rates hanging over their head.

New projects, partnerships, and investments

Bixin launches USD 66 mln Fund of Funds to assist crypto investments

Hong Kong-based cryptocurrency company Bixin Global has launched a Fund of Funds (FoF) worth USD 66 million. Monsoon Blockchain Partners With Industry Giants in the US and Asia to Engineer the Next Generation of Fintech

Algorand and users can now report taxes and transactions via a new tool

Algorand and are getting a much-needed boost, the two firms are integrating with a crypto accounting and tax platform to help users easily manage financial implications on decentralized transfers and crypto storage.

Justin Sun Takes on the Stablecoin Industry with New USD-pegged TRX Token

TRON is now a bonafide decentralized finance (DeFi) platform following the launch of JUST— a decentralized lending app that issues the dollar-pegged USDJ stablecoin in return for TRX coins.

BitPay’s New Asia Partnership to Expand Use of Blockchain in International Payments

BitPay has launched a partnership with the world’s largest digital asset exchange that the Atlanta-based blockchain payments pioneer believes could help normalize the use of cryptocurrency in mainstream cross-border transactions.

Monsoon Blockchain Partners With Industry Giants in the US and Asia to Engineer the Next Generation of Fintech

Asia’s premier blockchain company pioneering the adoption of highly secure decentralized asset management, has partnered with Asia’s largest digital asset platform OSL of BC Group, DraperDragon Fund, CarbonBlue of BSN, and Academy Award Winning Studio Cross Creek Media.

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