Digital regulatory professionals have predicted the wide use of stablecoins throughout the world by the year 2030, despite the current competition between TradFi and DeFi
The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains.
The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities.
The exploiter originally drained $195 million worth of ETH and tokens from the protocol but has now returned around $138 million.
The passed measure ends the 1% USDC to DAI minting fee that was previously implemented.
Tether CTO Paolo Ardoino believes that USDT is becoming the “safest asset to hold in the world” amid the banking crisis.
According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees.
When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis.
Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted.
Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in.