# UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

# UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

” UK’s government-backed Millicent Labs demos a retail full-reserve digital currency “ A sandbox test of a retail full-reserve digital currency (FRDC) has been completed in the United Kingdom, distributed ledger fintech company Millicent Labs announced on Thursday. The test was a demonstration for Innovate UK, a branch of the government’s U.K. Research and Innovation,…

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# BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements

# BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements

” BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements “ The principle of “same risk, same regulation” for crypto received further confirmation with the release Wednesday of new guidance on stablecoin arrangements (SAs). The guidance, issued by the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) and International…

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# KPMG to audit new pound-backed stablecoin GBPT

# KPMG to audit new pound-backed stablecoin GBPT

” KPMG to audit new pound-backed stablecoin GBPT “ Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to wider adoption of digital assets in the United Kingdom and its Crown Dependencies.  The newly launched “poundtoken,” which trades under the ticker “GBPT,” will…

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# Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer

# Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer

” Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer “ Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lender. In a statement issued Friday, Tether explained that its lending arrangement with Celsius prevented…

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# Aave to launch overcollateralized stablecoin called GHO

# Aave to launch overcollateralized stablecoin called GHO

” Aave to launch overcollateralized stablecoin called GHO “ Decentralized finance (DeFi) giant Aave has unveiled plans to launch an overcollateralized stablecoin called GHO, subject to the community DAO’s approval. The announcement was made by Aave Companies — the centralized entity supporting the Aave protocol on its Twitter page on July 7, stating:  “We have…

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