News with the tag "Stable coins"

In recent times, Hong Kong has been actively working to establish itself as a prominent hub for digital assets. This endeavor is marked by a series of initiatives aimed at embracing the potential of cryptocurrencies and blockchain technology. One significant aspect of this push is the licensing of c...

The Hong Kong Monetary Authority (HKMA) has taken a proactive step by introducing a regulatory sandbox tailored specifically for stablecoin issuers in Hong Kong. This initiative aims to streamline the consultation process regarding proposed regulatory requirements, providing a structured environment...

In a recent statement, Adrian Orr, the governor of the Reserve Bank of New Zealand, expressed skepticism and concern regarding the use of stablecoins as substitutes for traditional fiat currencies. Orr’s remarks were made during a session with a parliamentary committee in Wellington, where he emphas...

Despite the plethora of concerns surrounding its reserves, the debate between USDT and USDC continues, with both stablecoins having their pros and cons.