Global Stablecoin News Highlights

Various cryptocurrency coins laying in a pile

Blockchain technology to solve real problems.

Today’s payment system needs modernizing. With appropriate guardrails and ongoing dialogue between public and private sectors on both risk and responsible innovation, blockchain-based technology has the potential to solve real problems.

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How Can Stablecoins Evolve to Reach the Next Milestone?

The recent collapse of cryptocurrency Terra is another reason to question why stablecoin regulation has been such a challenge in the US, says Noah Qiao, an attorney with Kirkland & Ellis. He says the answer may lie in stablecoins’ mixed uses. He proposes that single-use stablecoins could be a way to capture greater institutional adoption.

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An image of the Euro currency symbol

Circle’s Euro-Backed Stablecoin Is About To Launch

Circle Internet Financial, issuer of the dollar-pegged stablecoin USD Coin (USDC), is launching a new euro-pegged stablecoin Euro Coin (EUROC) on June 30th. Developers can already integrate with the Euro Coin smart contract, and institutional users can access EUROC on the launch date upon creating a free Circle account.

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Swiss National Bank’s executive regarding CBDCs & Stablecoins

Dr. Thomas Moser, of the Swiss National Bank’s (SNB) regarding the potential competition between private sector stablecoins and government CBDCs, Dr. Moser is confident that both types of digital currency can coexist because CBDCs perform only very basic functions, while stablecoins can be tailored for many other uses.

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New Japan Bill Allows Banks To Issue Stablecoins

While the U.S. is still working to regulate cryptocurrency in the country, Japan has taken measures of its own for stablecoins. The country passed a stablecoin bill late last week that could change the entire crypto landscape. Article continues below advertisement.

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