LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
Twitter Telegram
LockMeta
Twitter Telegram
Google News
  • Latest News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
Altcoin News

Circle’s VP of Global Policy: U.S. Regulation Helps Create ‘Most Stable Stablecoin’

May 22, 2023
Share Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

Corey Then, vice president of global policy at Circle, said he is optimistic that, while the review is still ongoing, regulatory developments in the U.S. will ultimately benefit local players.

The draft stablecoin bill recently released by the U.S. House of Representatives Financial Services Committee requires stablecoin issuers to maintain 1:1 reserves to back their stablecoins.

The bill could also open the door for stablecoin issuers to hold a portion of their reserves at the U.S. central bank, effectively reducing their exposure to commercial banks, a major development that promises to create the most reliable stablecoin in the world.

Previous ArticleHennessy’s Web3 platform H3NSY launched an NFT-based wine bottle design project for its member community Café 11
Next Article Cryptocurrency Staking Service Provider RockX Announces New ETH-Native Staking Solution

Related News

May 28, 2023

The number of addresses of SHIB holders in a state of floating loss exceeded 1 million

May 24, 2023

Mark Cuban: Release all supply after issuing coins and provide liquidity through DeFi, which can achieve true decentralization

May 23, 2023

The market value of stablecoins has shrunk by $7.3 billion so far this year

May 16, 2023

Dogecoin Blockchain Transaction Volume Surpasses Bitcoin and Litecoin

May 12, 2023

Head of Japan’s Web3 project team: Japan’s experiments in stablecoins are bearing fruit

May 12, 2023

Federal Reserve’s FedNow to Integrate with Metal Blockchain to Provide Stablecoin Exchange Functionality

May 9, 2023

The total market value of BRC-20 tokens exceeded 700 million US dollars

May 8, 2023

BitKeep will support the Ordinals protocol and BRC-20 tokens

The Latest
Bitcoin News May 28, 2023
NEOS applied to launch Bitcoin High Yield ETF and Bitcoin Quantitative Trend ETF
Ethereum News May 28, 2023
21Shares: In Q1, the settlement amount on the Ethereum chain reached 3.01 trillion US dollars
Bitcoin News May 28, 2023
Year-to-date transfers from long-term Bitcoin holders with floating profits up nearly 2,000% to $489 million
Altcoin News May 28, 2023
The number of addresses of SHIB holders in a state of floating loss exceeded 1 million
Ethereum News May 27, 2023
Ethereum Staking Protocol Swell Network Launches Staking and Liquidity Incentive Program Voyage

LockMeta provides the latest crypto news flash including Bitcoin, Ethereum, Altcoins, NFTs, Metaverse, Business and Policy. Get today's latest crypto news in a minute.

Twitter Telegram
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
  • About Us
  • Contact Us
  • Advertise
  • Terms of Service
  • Privacy Policy
© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.