Crypto Rules Crackdown Looms for $150 Billion Stablecoin Market

Lawmakers in the US, the EU, the UK, Japan and others are considering rules that would overhaul the $150 billion sector.

Several of these proposed restrictions are intended to bring issuers of the tokens -- which are cryptoassets designed to keep a one-to-one peg with a less volatile currency like the US dollar -- under the same financial regimes as payment providers.

Tether is the most preferred option among stable coins.

I think Tether will be fine to coexist with CBDC and all these regulations.

Tether is more and more used by simple people and accepted by some big companies as a payment.

Circle does not conduct audit, and most likely usdc will soon collapse, just like other shitcoins

The popularity of Tether is not something surprising, it was inevitable.

Tether has always had high circulation, unlike Circle.

Tether is the most traded one. USDC with only $6B trading volume is totally not.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear MarketOptions trading has been increasing on a number of crypto exchanges and even miners are using options strategies to limit their downside risk in the current bear market. mikeybellusci reports mikeybellusci 👀👀 cega_fi mikeybellusci If only I could work with options in my bitfinex but I don't understand complex financial instruments at all
Source: CoinDesk - 🏆 291. / 63 Read more »