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In the middle of all this carnage there’s one industry that’s booming right now.

Stablecoins

Under the radar, stablecoins have experienced hypergrowth over the past few years. Coinbase reports that the total stablecoin market capitalisation has risen to an all-time-high of over $9 billion.

Ethereum-based stablecoins market capitalisation nearly doubled year-to-date to $6.25 Billion.

On top of this, one of the most hyped stablecoin projects, Libra just announced a United States Dollar backed Stablecoin and seems to be moving forward with its updated whitepaper v2. If Libra succeeds, stablecoins backed by several fiat currencies will be released to circulation with potentially immediate mass global adoption.

Has anyone secured any domains in this niche?
 
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AfternicAfternic

How stablecoins differ from conventional e-money

490443B8-C5E3-4211-B914-F3FFB4AEA2DA.jpeg


https://www.ledgerinsights.com/how-blockchain-stablecoins-differ-from-conventional-e-money/
 
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New Paper out of the Fed +Yale that lays out regulatory options for US dollar Stablecoins.

It was released on Saturday & its first footnote references todays big President's Working Group meeting on the topic.


Taming Wildcat Stablecoins

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3888752

 
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Sooner or later US will announce that Facebook’s Diem is the only way they are going to stay relevant.

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Bitcoin price slides amid EU call to make transfers traceable, and rise of ‘stablecoins’

European regulator want banks to hold personal details of cryptocurrency clients, while US wants swift work to establish less volatile ‘stablecoins’

https://www.theguardian.com/technology/2021/jul/21/bitcoin-price-slides-amid-eu-call-to-make-transfers-traceable-and-rise-of-stablecoins

Bitcoin is up over 6%

The Guardian is a worthless source for news. Try to stick to sources that have credibility in the financial markets.
 
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Bitcoin is up over 6%

The Guardian is a worthless source for news. Try to stick to sources that have credibility in the financial markets.

The information in the article was correct, as you can see in this graph:

upload_2021-7-21_14-6-29.png

(source: bitcoin.com)

Today, there's a rebound indeed.
 
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Bitcoin is up over 6%

The Guardian is a worthless source for news. Try to stick to sources that have credibility in the financial markets.

Doesn't matter to me where the news came from other than it's true and verifiable.

The law proposed by the European Commission would apply what is known as the travel rule to crypto transactions to ensure full traceability of Cryptoassets such as bitcoin.

The rule is one of the recommendations of the inter-governmental watchdog, the Financial Action Task Force (FATF).

Put your handbag away.

vic-and-bob.jpeg
 
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Fed adoption of rules is beneficial for stablecoin on long run .
 
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a stabilized private-public crypro-stablecoin-cbdc market play is expected in future
 
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Conclusion made 10 mins 39 in, is spot on!

 
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Stablecoins come with bank-like risks

stablecoins should only qualify for existing capital standards if they were fully backed at all times. This point is crucial: for stablecoins to be worth the name, one-to-one backing in all circumstances is crucial — fair-weather money is not money at all.

https://www.ft.com/content/096b9080-cbcc-413d-8053-3d9964db8c5e
 
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