After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a recommendation from the Financial Service Agency (FSA) and was repeated by the country’s Vice Minister for International Affairs, Tomoko Amaya. 

At launch, Bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer.

As Circle reevaluates its plans to go public, USD Coin has been quietly losing stablecoin market share to competitors Tether and Binance USD over the past six months. Circle currently holds about 31% of the total market share for stablecoins, down from 37% six months ago, according to data compiled by Blockworks Research. (Blockworks)

The project seems to be an interesting implementation of automatic collateralized stablecoin — a concept that received much criticism after Terra/Luna collapse.

Tether says it lends only to eligible customers and requires that borrowers post lots of "extremely liquid" collateral, which could be sold for dollars if borrowers default. These loans have appeared for several quarters in the financial reports that Tether shows on its website. In the most recent report, they reached $6.1 billion as of Sept. 30, or 9% of the company's total assets. They were $4.1 billion, or 5% of total assets, at the end of 2021.

This article contains my opinion on why the top 20 (or top 100) of these indexes don’t present any realistic ranking of cryptocurrencies.

Ethereum (ETH) co-founder Charles Hoskinson is addressing the issue concerning Ardana, a Cardano-based stablecoin project that recently halted operations.

Some of the prudential risks attached to stablecoins include loss of value, payment systems risks, and risks of scale, it also highlights other important risks such as market integrity and investor protection.

As a major development, the Poloniex crypto exchange has announced that from November 24, it will stop deposits and withdrawals functions for stablecoins on the BEP20 (BSC) network. These include USDT, USDC, TUSD and Binance’s own BUSD.

“Instead of issuing a retail [central bank digital currency], central banks could support stablecoins by allowing them to be backed one-for-one with balances in a central bank account,” said Antoine Martin, a financial stability advisor at the Federal Reserve Bank of New York.