This paper investigates the volatility processes of stablecoins and their potential stochastic interdependencies with Bitcoin volatility. We employ a novel approach to choose the optimal combination for the power law exponent and the minimum value for the volatilities bending the power law. Our results ...
“Since DFS approved the first USD-backed stablecoins for issuance in New York in 2018, our regulated entities have had to meet conservative reserve requirements and provide routine attestations to protect consumers and ensure the stability of the coins issued,” said Superintendent Harris. “Leverag...
Powell’s comments come nearly a month after theWhite Housereleased a report recommending to limit multi-currency stablecoins. Federal Reserve governorLael Brainardalso mentioned previously that such stablecoins raise “fundamental questions about legal and regulatory safeguards, financial stability, and the...
Shiba Inu (SHIB) runs on the Ethereum blockchain and is one of many canine-themed cryptocurrencies. SHIB is an ERC-20 token and 50% of its total supply has already been burned to promote the token's success and stability. What's unique about Shiba Inu (SHIB) is its campaign with ...
While MiCA is seen as a net positive for stablecoin regulation, it introduces consolidation concerns, especially among small crypto firms. 7159 News AI risks financial stability, warns Indian central bank governor Oct 14, 2024 by Savannah Fortis India’s central bank governor has warned of fin...
Irrespective of the underlying instrument, generating a regular return on the said asset is considered a healthy way to pursue financial stability. When it comes to cryptocurrencies, the only options that you have at your disposal to increase the value of your investment is: ...
Global stablecoins benefit from the transaction advantages of a cryptocurrency coupled with the stability (hence the name) of a fiat currency. This opens up new doors to furtherfinancial inclusionand accelerate economic growth by enabling digital purchasing histories and greater access to credit, and ...
Treasury Secretary Janet Yellen pointed to a recent run on the stablecoin TerraUSD as evidence of the potential threat to financial stability posed by unregulated cryptocurrency markets during a Senate Banking Committee hearing Tuesday. Stablecoins are a type of cryptocurrency that...
has taken a significant step in advancing decentralized finance (DeFi) by introducing its Euro (VEUR) and Swiss Franc (VCHF) stablecoins on the Tezos blockchain. This development aims to strengthen the DeFi ecosystem on Tezos, bringing the stability of fiat-backed currencies to the decentral...
The Fed report noted that funding risks at domestic banks remained low as a result of large holdings of liquid assets and a limited reliance on short-term wholesale funding. However, it warned that some types of money market funds and stablecoins - a digital currency that's designed to maint...