The move aims to integrate the second-biggest dollar-pegged stablecoin into regional payment networks to improve cross-border transactions and remittances.
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The move aims to integrate the second-biggest dollar-pegged stablecoin into regional payment networks to improve cross-border transactions and remittances.
Chair Michael Selig said that the task force was an example of “future-proofing“ regulation at the Commodity Futures Trading Commission.
Lombard CEO Jacob Phillips announced at the Digital Asset Summit that the platform enables institutions to earn yield and borrow against Bitcoin without moving assets out of custody.
Bitcoin volatility rose as stablecoin flows surged to $440 billion over the weekend, highlighting investors’ pivot to cash as BTC spot and futures activity decreased.
The stablecoin issuer did not name the accounting firm from the ‘Big Four‘ roster of Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG.
The offering allows institutional investors to trade event-based contracts using crypto collateral, as regulatory scrutiny of prediction markets intensifies in the United States.
BTC price fell below $70,000 on macro tensions as analyst considered a possible bullish “regime shift” already starting to play out for Bitcoin.
A resurgence in institutional demand and spot ETF inflow return could put Ethereum price in a better position to overcome the next hurdle at $2,200.
Fira debuted its fixed-rate DeFi lending protocol with $450 million in pre-launch deposits, seeking to make long-term decentralized lending rates more predictable.
Resolv’s USR dollar stablecoin is trading at just $0.24 after an attacker minted 80 million unbacked tokens, forcing a full protocol pause and reopening fears over stablecoin risk.