Tag: Stablecoins

EBA Calls for MiCA Overhaul as Stablecoins, Crypto Lending and DeFi Face Greater Scrutiny

The European Banking Authority (EBA) is calling for changes to Europe’s crypto rules as the overlap between stablecoins, crypto lending and decentralized finance exposes issues in the Markets in Crypto-Assets Regulation (MiCA). In its September 24 response to the European Commission’s MiCA review, the EBA recommended clearer crypto asset classifications ...

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Banking Circle Expands Stablecoin Settlement Services After Regulatory Approval

Luxembourg-based financial institution Banking Circle has expanded its digital-asset operations with the launch of regulated stablecoin settlement services. The move follows its approval as a Crypto-Asset Service Provider (CASP) by Luxembourg’s financial regulator on April 15. The new service allows institutional clients to convert between fiat currencies and stablecoins through ...

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Tether Backs $134 Million Raise to Push Stablecoin Infrastructure Into Mainstream Use Cases

Tether has participated in a $134 million financing round for Stablecoin Development Corp (NYSE American: SDEV). This strategic move aims to expand public market access to the stablecoin economy and bolster the underlying infrastructure of the blockchain-Web3 industry. The funding round featured a diverse group of high-profile backers, including R01 ...

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