The standard is designed to streamline native USDC availability on new blockchains. This development is poised to increase security and reduce liquidity fragmentation across diverse networks.
The U.K. regulators have been busy publishing more detailed plans for the country’s upcoming stablecoin regulation, following last week’s Treasury announcement of which entities would be responsible for various aspects.
Tether and Bitfinex won't appeal against the latest FOIL request from a group of journalists but outlined that this does not mean a wholesale release of all their documents.
Tether and Bitfinex won't appeal against the latest FOIL request from a group of journalists but outlined that this does not mean a wholesale release of all their documents.
The standard is designed to streamline native USDC availability on new blockchains. This development is poised to increase security and reduce liquidity fragmentation across diverse networks.
The U.K. regulators have been busy publishing more detailed plans for the country’s upcoming stablecoin regulation, following last week’s Treasury announcement of which entities would be responsible for various aspects.
In legislation planned to go to parliament in 2024, fiat-backed stablecoins will be regulated for use in payment chains, although decentralized and algorithmic stablecoins will remain unregulated until the second phase of government plans.
The Universal Digital Payments Network allows blockchain-based stablecoins and CBDC networks to interoperate with each other. Deutsche Bank and SC Ventures have been testing the system with on-chain swaps using USDC and EURS stablecoins.
Spark Protocol, launched by MakerDAO in May 2023, is a DeFi platform offering lending and savings features like Spark Lend and the Dai Savings Rate (DSR). By leveraging real-world assets such as U.S. Treasuries, it delivers competitive yields while facing rising competition in the DeFi space.
