Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls. As Bitcoin hovers around the $70,000 price level, investors and analysts debate the specific catalysts that will send markets higher. CryptoQuant founder and CEO Ki Young Ju recently explained that while stablecoin supply continues to grow,…
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Key Points: Representative Patrick McHenry is optimistic about the passage of cryptocurrency legislation, particularly a US stablecoin bill. McHenry highlights upcoming opportunities for legislative action before the elections but refrains from specifying timelines. According to Godleak, U.S. Representative Patrick McHenry, chairman of the House Financial Services Committee, provided insights into the progress of cryptocurrency legislation…
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Key Points: Novatti Gathering Ltd has added XRP Record support for its Australian dollar-upheld stablecoin AUDD. The stablecoin is expected to be utilized in applications like settlement, installment passage, exchanging pair, and stablecoin-as-a-administration. Additionally, Novatti has recently participated in a research project aimed at determining the benefits and applications of CBDC in Australia. Novatti Group…
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