Do you have the right to redeem your stablecoin?
Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back.
Circle plans to apply for US Bank Charter soon, lauds the OCC for cooperation
Circle CEO Jeremy Allaire is hoping the firm's positive relationship with regulators will help its banking license application when it is finally filed.
Tether (USDT) and USDC stablecoins are being launched on the Cardano blockchain
Stablecoins have been in the cryptocurrency market since the launch of Tether, but no stablecoins have existed on the Cardano blockchain until now.
Second-Largest Stablecoin USDC Transitions to the Stellar Blockchain
Using USDC on the Stellar blockchain is supposed to make transactions faster and cheaper than on Ethereum.
Circle’s USDC Stablecoin Market Cap Grows 50% Year to Date
Data from market monitor Skew has shown that the market capitalization for USDC has significantly risen by 100%. Results also reflected a steady ascent since the beginning of August 2020.
Here’s why stablecoins like USDC going ‘legal’ is bullish for DeFi
The move means dollar-pegged stablecoins, or cryptocurrencies that are backed bu the US dollar on a 1:1 basis and redeemable in most cases, could become mainstream payment medium for “all forms of payments and settlement,” putting the US in a “leadership position in embracing the power of public blockchains.”
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