STABLECOIN DIGEST 4.09.2020
Regulation and monetary policy
Swiss crypto bank Sygnum scores approval for digital asset trading
The digital Swiss franc issuer is now licensed as a “digital asset trading facility.”
Crypto Payments: The Path To Becoming an Everyday Reality
https://thefintechtimes.com/crypto-trading-and-the-need-for-regulated-exchanges/
Cryptocurrencies have gained attention in recent years, especially due to the pandemic. More and more people, institutions, and even governments are joining in the conversation as time goes by.
Omniex CEO says the current regulatory landscape is not a barrier for blockchain
Current regulation will only push crypto forward according to Omniex CEO.
Russian ministry proposes to amend law banning crypto transactions
Crypto mining is allowed, but payout in crypto is prohibited.
Denmark proposes use of blockchain in fight against corruption
Ministry of Foreign Affairs of Denmark has released a report analyzing the use of blockchain in the fight against corruption.
Blockchain regulation: Speedbumps, roadblocks and superhighways
The U.S. will likely continue enacting laws to support the use of blockchain technology for purposes beyond securities and digital currency.
Brazil could have CBDC in two years, says central bank president
A central bank digital currency in Brazil may be inevitable.
US legislators introduce bill for in-depth study of blockchain in commerce
Three Representatives are calling on the Secretary of Commerce to study blockchain for consumer protection.
Competitors
Crypto Conversation: USDC Gets an Upgrade
https://www.thestreet.com/investing/cryptocurrency/usdc-comes-closer-to-traditional-mobile-payments
Move brings the crypto ‘stablecoin’ closer to traditional mobile payments.
Analytics and opinions
Stablecoin market cap increases by $100M every single day
‘DeFi yields and interest rates are clearly a vacuum sucking in a lot of stablecoins,’ says Coin Metrics’ Nic Carter.
Building the blockchain community is essential for further developments
The power of a strong community in scaling blockchain-based projects should not be understated.
Bank of England governor snubs Bitcoin but suggests stablecoins have benefits
Cryptocurrencies like Bitcoin don’t quite convince Bailey, but he sees a lot of potential for stablecoins.
Chainlink’s Nazarov sees two ways for mainstream DeFi adoption
How do we get DeFi “to cross the chasm?”
Crypto has a chance to upgrade the legacy financial system
Humanity may never have a better chance to change finance than we do now, and crypto and blockchain could help us.
DeFi’s meteoric rise continues as locked in value hits $9 billion
It just keeps going up.
DeFi users turn to USDC stablecoin to earn high-yield interest — Data shows
Data shows DeFi platforms and their users are rapidly increasing their use of USDC stablecoin after Curve Finance launched.
All fintech companies will use blockchain within 10 years: Aussie government report
Australian government report on the future of fintech and regtech suggests blockchain technology is critical to Australia’s future
Will The Stablecoin USDT Be Replaced In 2020?
https://cryptodaily.co.uk/2020/09/will-the-stablecoin-usdt-be-replaced-in-2020
The invention of stalecoin plays an important role in the development history of crypto market.
New projects, partnerships, and investments
Major Swiss health insurance company now accepts crypto payments
Policyholders can pay in either Bitcoin or Ether through Bitcoin Suisse.
Bittrex lists Turkish stablecoin BiLira
The Turkish lira-backed stablecoin BiLira is now open for trading on cryptocurrency exchange Bittrex Global.
Coca-Cola Amatil invests in Centrapay’s seed funding round
Centrapay, a digital payment platform that serves KFC, Adidas, BP, and Carlton Draught has secured an investment from Coca-Cola Amatil for an undisclosed amount
Binance joins ‘Blockchain for Europe’ association
Binance is now an official blockchain advocate in Europe alongside Ripple.
