STASIS Stablecoin Digest 31.05.2020
Main page Digest, Blockchain, Startups, Stablecoins

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Regulation and monetary policy

Libra Exec Hirings Suggest Commitment to Anti-Crypto Regulations

Experts believe that Libra’s hiring spree signifies a willingness to comply with existing legal and financial guidelines.

India Confirms No Restrictions for Crypto Community

The Reserve Bank of India (RBI) has confirmed there are no restrictions on financial services for crypto-related traders and exchanges, The Economic Times reports citing the RBI's statement to local crypto exchange Unocoin.

Bank of Lithuania Envisions Future Cross-Industry Blockchain Platform

The Bank of Lithuania has revealed ambitious long-term plans to develop its blockchain platform for use beyond the financial services sector.

Central Bank of China Says There Is No Official Date For Digital Yuan Launch

Yi Gang, governor of the People's Bank of China (PBOC), the country's central bank, has said that there is no official date for the launch of its digital currency at the moment.

Cameron Winklevoss on Crypto Regulation: “Free-for-Alls Don’t Work”

Known for their regulation-friendly outlook within the crypto industry, Gemini exchange founders Tyler and Cameron Winklevoss hold a hybrid approach to privacy and government rules.

Ripple CEO Says US Regulators Must Embrace Crypto or Fall Behind China

Brad Garlinghouse, the CEO of Ripple, has taken to Twitter urging U.S. regulators to get on board with cryptocurrencies, or risk losing global financial dominance to China.

Antigua's Crypto Regulation Bill Passes Lower Parliament

Antigua and Barbuda’s House of Representatives passed a cryptocurrency regulation bill on May 27. With this bill, they have taken steps towards becoming digital asset-friendly destinations in the Caribbean.

IMF Official Says Public-Private CBDC Offers Best of Both Worlds

IMF expert says a synthetic CBDC is gaining popularity and will drive more innovation.

Digital Dollar Project Releases White Paper Laying Out Groundwork for US CBDC

A U.S. think tank working towards a digitized dollar has released a white paper detailing inaugural aims and use cases for a central bank digital currency.


Tether Unseats XRP As Third-Largest Crypto, Dwarfing Its Volume 25:1

Tether (USDT) has overtaken XRP to become the third largest cryptocurrency by market capitalization, as Ripple fails to gain adoption amongst retail investors.

Do Zero-Reserve Loans Make Tether Better Off Backed by Bitfinex Stock?

With the Federal Reserve now allowing US banks to issue loans with zero reserve, is Tether better off backed by Bitfinex shares than dollars backed by nothing?

Over $200B Were Transferred Via Tether in 2019

According to a study conducted by The Block, 212 billion dollars were transferred last year via Tether (USDT).

Analytics and opinions

China May Issue Stablecoin Backed by Basket of Fiat Currencies

A member of the Chinese People’s Political Consultative Conference and a global managing partner at Sequoia Capital, Shen Nanpeng, has proposed the issue of stablecoin backed by basket of fiat currencies.

New projects, partnerships, and investments

Bank Frick adds first stablecoin to its range of tradable and custodial crypto assets with USDC

Europe's leading blockchain bank is adding a stablecoin to its range of tradable and custodial crypto currencies for the first time.

Visa Greenlights New Crypto Card in Europe and UK

Swiss crypto startup Eidoo has just unveiled it has partnered with Visa to roll out a crypto debit card.

Indian Crypto Exchange CoinDCX raises $2.5M

Two months after completing its Series A fundraising, Indian crypto trading platform CoinDCX has received an additional $2.5M injection from Polychain Capital and Coinbase Ventures.

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