Crypto Long & Short: The OCC’s Stablecoin Statement Is a Seed of Financial In...

The OCC published guidance allowing U.S. banks to work with stablecoin issuers. Meanwhile, the ECB thinks the term stablecoin can be "misleading."

For some, the OCC's recent stablecoin guidance, while helpful, raises as many issues as it clarifies.

"Techemynt felt it was an ideal time to fill the gap in the market and lead the creation of a NZD-based stablecoin," said Fran Strajnar. Auckland-based financial service provider Techemynt announced the launch of a stablecoin reportedly backed by the New Zealand dollar.In a statement from Techemynt today, the firm announced it had launched a cryptocurrency backed 1:1 by the New Zealand dollar and deployed on the Ethereum blockchain by Blockchain Labs. Techemynt is a registered financial service provider with the country’s major financial watchdog, the Financial Markets Authority.The firm....

Pro-crypto organization Coin Center is pushing against a new legislative bill targeted at regulating stablecoin use and operations. In a public statement released on Friday, the US-based advocacy group heavily criticized the Lummis-Gillibrand Payment Stablecoin Act, describing it as “unconstitutional” and anti-innovation. Related Reading: ‘Ethereum Wins Big’ With New US Stablecoin Draft Bill: Expert Latest […]

Private equity investors appear to be bullish on this novel stablecoin platform. Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets.Ryan Matovu, CEO and co-founder of Ardana, issued the following statement regarding the deal:“As the first all-in-one stablecoin ecosystem built on Cardano, our platform provides users with convenient access to liquidity, an ever-present concern in the hyper-competitive DeFi world. We are also able to leverage Cardano’s speed,....