# BIS-funded regulator to probe DeFi entry points like stablecoins

# BIS-funded regulator to probe DeFi entry points like stablecoins

” BIS-funded regulator to probe DeFi entry points like stablecoins “ The Financial Stability Board (FSB), the financial regulator funded by the Bank for International Settlements (BIS), is pushing international regulations for decentralized finance (DeFi). The FSB on Feb. 16 issued a report on the financial stability risks of DeFi, highlighting major vulnerabilities, transmission channels…

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# Tether CTO denies borrowing from bankrupt lender Celsius

# Tether CTO denies borrowing from bankrupt lender Celsius

” Tether CTO denies borrowing from bankrupt lender Celsius “ Tether (USDT) — the world’s largest stablecoin by market capitalization — has never received any loan from the bankrupt cryptocurrency lender Celsius, according to the chief technology officer. Paolo Ardoino, CTO at Tether and Bitfinex crypto exchange, took to Twitter on Jan. 31 to announce…

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# Key takeaways from USDC .5 reserve report

# Key takeaways from USDC $44.5 reserve report

” Key takeaways from USDC $44.5 reserve report “ USD Coin (USDC) issuer Circle has released an accountant-verified report of its treasury reserve holdings backing more than $44.5 billion worth of tokens currently in circulation. Circle’s December 2022 reserve report, which was reviewed by GrantThornton accountancy group, breaks down the current make-up of the stablecoin…

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# Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries

# Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries

” Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries “ Stablecoins in the cryptocurrency market help provide U.S. dollar-pegged tokens within the volatile industry. In bull markets, the market capitalization of stablecoins tends to decrease as investors flock to more volatile assets; and in bear markets, investors seek shelter…

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