Visa said on Thursday it was looking into creating what it called a universal payment channel (UPC) for CBDCs and stablecoin payments.
Some stablecoins have generated controversy over whether their cash reserves are safe enough for a cryptocurrency supposedly equivalent to a dollar.
Bitfinex paid $24 million in transaction fees in one of the biggest "fat-finger" errors in crypto history, but has now got most of the money back.
"I don't think there's a long-term viability for 5,000 or 6,000 private forms of money," SEC chief Gensler told the Washington Post.
The 29-year-old founder and CEO of the FTX exchange said has been a vocal supporter of solana, which has stumbled in recent days.
"If you require proof of authorship for smart contracts and tokenomics, the feds and victims will have a person/entity to sue or indict," Cuban said.
The Bank for International Settlements is urging central banks to crank up their efforts in developing their own digital currencies.
In a survey, 76% of execs said crypto will at least provide a strong alternative to fiat, which means financial firms must get on board or miss out.
Coinbase said it didn't update its claim USDC is "backed by a dollar in a bank account" fast enough after reserves were widened -a move now reversed.
Facebook executive David Marcus says the Novi wallet will offer cheap and accessible digital payments
Gensler responded to a July letter from Sen. Elizabeth Warren's July letter, saying the agency needs help.
Digital payments company Circle plans to become a full-reserve national commercial bank, according to an announcement by CEO Jeremy Allaire on Monday.
Federal prosecutors are looking into whether Tether concealed from banks that transactions were linked to crypto, Bloomberg reported.
Gary Gensler, the head of the US markets regulator, has indicated stablecoins will not be exempt from a set of new rules coming into force this year.
Mastercard will upgrade its crypto card so its clients can make purchases using stablecoins to promote their use.
Cryptocurrencies and stablecoins have boomed in 2021, and the world's central banks are increasingly keen on creating their own digital currencies.
A report by researchers at the Federal Reserve and Yale suggests "stablecoins" should be regulated as strictly as commercial banks.
Expanding on testimony given on Wednesday, Powell reiterated that stablecoins - and their lack of regulation - are a key concern for the Fed.
While Giancarlo Devasini is not CEO, the 57-year-old is seen as the central figure at both tether and Bitfinex, the crypto exchange that controls tether.
"You wouldn't need stablecoins, you wouldn't need cryptocurrencies, if you had a digital US currency," the Fed chief said.
The company behind the dollar-pegged stablecoin USDC is going public in a deal that could value the firm at $4.5 billion.
Galaxy Digital CEO Mike Novogratz believes the cryptocurrency market needs strong, smart regulation and he will "educate DC" to help make that happen.
Scrutiny of stablecoins has been building, even as the Fed is considering issuing its own central bank digital currency.
There's no decision yet, but the Bank of England's modellers assume one-fifth of all UK retail bank deposits could be in a new form of digital money.
The banking chief told lawmakers he sees crypto as much riskier and far less valuable than gold or fiat currencies.
Josh Younger noted that like the end of the previous crypto bull cycle, investors are beginning to diversify out of bitcoin and ether and into riskier altcoins.
After the Facebook boss posted a picture of his pet goats, Bitcoin and Max, crypto fans hatched theories about what the names might mean.
Facebook-backed digital currency Diem will trial as a stablecoin pegged to the US dollar and focus on consumer transactions, a source told CNBC.
USD Coin is a stablecoin, a type of cryptocurrency that is pegged to a stable asset, such as the US dollar.
‘Stablecoins’ are the hottest thing in crypto right now, with over 50 projects in development. A ‘stablecoin’ is a cryptocurrency that’s price is pegged to a real-world asset like gold or the dollar. Here’s a guide to what they’re used for, how they work, and why people are excited about […]
The London Block Exchange plans to launch a new cryptocurrency pegged to the pound: LBXPeg. LBXPeg is a so-called “stablecoin” and they’re booming in popularity in crypto. LONDON – A UK startup has announced plans to launch a new cryptocurrency pegged to the British pound as interest in so-called “stablecoins” […]