Bitwise: The implementation of stablecoins will expand thanks to "very large" technology companies.

#USDT #USDC #BITWISE

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The Bank for International Settlements (BIS) has called for closer global coordination on stablecoins.

According to the BIS, tokens denominated in U.S. dollars could significantly impact financial stability and economic policy if they grow to sizes where they begin to compete with traditional money.

The concern involves potential risks at the economic scale and the need for coordinated international rules.

#USDT #USDC

USDT and USDC—according to an analyst from Moody's, these stablecoins do not pose a threat to banks in the near term.

The expert notes that current market and regulatory conditions do not create an immediate risk impact on the banking system.

In short: stablecoins are under observation, but are not currently considered a systemic threat to banks.

#USDT #USDC

Circle launched the USDC Bridge.

The USDC Bridge simplifies native cross-chain transfers to USDC, making transfers between networks faster and easier.

The solution is built on the CCTP protocol and uses a "burn and mint" mechanism, eliminating the need for "wrapped" versions of assets.

Result: fewer intermediate tokens and more direct liquidity movements between chains.

#CIRCLE #USDC

Circle and Dunamu—the parent company of Upbit—signed a cooperation agreement on the stablecoin USDC.

The agreement covers not only stablecoin-related matters but also broader digital assets initiatives.

Among the plans are educational programs aimed at increasing transparency and trust in South Korea's crypto market.

The goal is to strengthen market participants' trust and enhance clarity regarding digital tools in the country.

#CIRCLEANDDUMANU #UPBIT #USDC

The cryptocurrency card market reached $600 million per month.

The monthly volume of the crypto card market is $600 million.

USDC ↗️ strengthens against USDT

Briefly: growth in card volume and strengthening of USDC positions against USDT.

#MARKET #USDT #USDC

U.S. authorities are preparing new rules.

They will require stablecoin issuers, such as USDT and USDC, to have the ability to freeze and block suspicious transactions.

Companies will be required to independently monitor potential money laundering and sanctions evasion attempts—or regulators will be able to intervene directly.

What do you think about this? 🤔

#USDT #USDC #USA

U.S. authorities are preparing new rules.

They will require stablecoin issuers, such as USDT and USDC, to have the ability to freeze and block suspicious transactions.

Companies will be required to independently monitor potential money laundering and sanctions evasion attempts—or regulators will be able to intervene directly.

What do you think about this? 🤔

#USDT #USDC #USA

U.S. authorities are preparing new rules.

They will require stablecoin issuers, such as USDT and USDC, to have the ability to freeze and block suspicious transactions.

Companies will be required to independently monitor potential money laundering and sanctions evasion attempts—or regulators will be able to intervene directly.

What do you think about this? 🤔

#USDT #USDC #USA