News list for "One kind"
The Securities Exchange Commission (SEC) has approved a stablecoin application with interest for the first time. The stablecoin, called YLDS, was developed by digital asset firm Figure Markets and will be pegged to the U.S. dollar, similar to cash in a savings account. While other major stablecoins such as USDC and USDT remain in a regulatory gray area, YLDS will be officially registered with the SEC as a security, Figure CEO Mike Cagney told Fortune, putting YLDS in the same financial category ...
Fed Governor Paul Waller said in a speech that stablecoins are like a synthetic dollar, and if they can make payments faster and cheaper, I agree. Regulation of stablecoins is urgently needed, and the sooner the better. Stablecoins will allow the dollar to further strengthen its position as a reserve currency.
In an atmosphere of "fear of being seriously left behind", the stock market may have a favorable technical window in the coming month... Click to view...
Variational, a crypto derivatives trading protocol built on the Ethereum Layer2 network Arbitrum, has raised $10.30 million in a seed round. Bain Capital Crypto and Peak XV Partners (formerly Sequoia India and South East Asia) led the round, with participation from Coinbase Ventures, Dragonfly Capital, North Island Ventures, Hack VC and other investors.
ZynCoin, a meme token named after a nicotine bag, reached a settlement with Fortune 500 company Philip Morris. Philip Morris initially asked ZynCoin to stop using "ZYN Coin" and its associated logos, but due to ZynCoin's decentralization, there is no centralized entity to sue or stop the token. Eventually, the two sides reached a compromise, keeping the "zyn" prefix and making minor changes to the marketing.
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