STASIS Stablecoin Digest 04.10.2020
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Regulation and monetary policy

Crypto adoption has no future without regulation and law enforcement

Crypto depends on the ability of regulators to create a framework that protects consumers and makes investing in crypto more welcoming.

ECB Speeds Up with Digital Euro

The European Central Bank (ECB) has revealed a report on the issue of central bank digital currency (CBDC), prepared by the Eurosystem High-Level Task Force.

Crypto regulations in the United Kingdom: Are we there yet?

For the UK to remain attractive to the crypto industry, it should strive to provide more clarity and certainty around compliance.

Kenya’s golf stablecoin highlights need for Africa-wide regulations

A stablecoin that will be used to pay entrance fees for the golfing tournaments of a Kenyan 'entrepreneurs network’ has started testing under the local regulatory sandbox.

Blockchain legislation passes the House, heads for Senate

Bills from the Energy and Commerce Committee are making their way to the Senate following votes this afternoon.

Congress weighs crypto payments and fintech lending in hearing today

Despite skepticism about loosening regulations on loans, the Fintech Task Force couldn't stop talking about crypto as a way of upgrading payments in the US.

How the EU is revolutionizing stablecoin (and crypto) oversight

Peter Kerstens, the European Commission’s lead on digital finance policy and regulation, explains why — and how — the bloc's new crypto proposals are poised to create the largest regulated market for digital assets in the world.

Competitors

Tether's Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On

The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows.

Analytics and opinions

Crypto crimes are no excuse for taking away digital asset fungibility

The rise of crypto-related crimes and money laundering cases is the result of the increasing mass crypto adoption.

DeFi yield farming, explained

Yield farming is the practice of staking or locking up cryptocurrencies in return for rewards.

Crypto lending rates are low and DeFi is not competition says Nexo co-founder

It's all about location and perception.

Banks must establish infrastructure for digital assets before it’s too late

Crypto adoption in traditional legacy systems is moving fast, but a lack of technological infrastructure limits compliance and safe storage.

European central bank execs are wrong — Intentionally or unknowingly?

Banking will not become decentralized, but with blockchain, it will become accountable for both banks and clients.

The first fundamental study of DeFi: From ideas to mechanisms to the new finance

Do you want to learn everything about DeFi, inside and out? Can you handle it?

Fiat inflation has cost Bitcoin hodlers 20% over the past decade

Since 2010, the inflation has turned $1 into 84 cents while $1 invested in Bitcoin would be worth $274,000.

Total Stablecoin Supply Nearly Doubled in Q3, Adding Record $8B

Nearly $8 billion were added to the aggregate supply of stablecoins in the past three months, nearly doubling the industry’s supply of crypto dollars from $11.9B at the end of Q2 to just below $20B on Wednesday, according to Coin Metrics data.

These stablecoins define 2020 performance

Even though Tether [USDT] had been the popular choice among cryptocurrencies with a large fraction of supply share, other stablecoins have all been witnessing growing prominence. Among these was Dai, created via the Maker Dao stablecoin system and USDC.

New projects, partnerships, and investments

‘DeFo’ staking enabled for Waves' Neutrino stablecoins

Crypto traders can earn passive income through Neutrino stablecoin staking.

StrongBlock launches DeFi protocol but token prices slump 70%

A new DeFi protocol has been launched rewarding node operators to improve public blockchain performance, but token prices have tanked

Binance Launchpool Announces Venus Protocol

Binance Launchpool, an initiative aimed at allowing the exchange users to access the decentralized finance (DeFi) experience, has announced a new project.

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