S&P Global Ratings Launches Stablecoin Assessment, Slams Tether’s USDT with Negative Review
S&P Global Ratings senior analyst Lapo Guadagnuolo believes that the growth of stablecoins does not mean that they are immune to risk factors.
S&P Global Ratings senior analyst Lapo Guadagnuolo believes that the growth of stablecoins does not mean that they are immune to risk factors.
The algorithmic GHO stablecoin is pegged against the United States dollar and is backed by several digital assets.
The draft is with chair Rep. Maxine Waters (D-CA), pending review by the ranking member Rep. Patrick McHenry (R-NC).
As SEC Chairman Gary Gensler affirmed that the commission is working extensively on creating a new set of rules for the crypto space, Cuban said he believes Stablecoins will be the first to be regulated while smart contracts are poised to be the primary source of fraud in the nascent ecosystem.
Ana Andrianova, the Akropolis founder and CEO, has denied allegations that the latest attack was done similarly to the one DeFi protocol Harvest Finance encountered in October.
Revised data from Messari and Coin Metrics shows that USDT has once again displaced XRP as the third-largest crypto by market cap. USDT growth shows the increasing role of stablecoins in the industry.
Ripple executive explained that XRP is not a rival to stablecoins and CBDCs in international settlements.
The U.S. Senate committee on banking, housing and Urban Affairs held a virtual hearing yesterday on the “Digitization of money and Payments”. Chris Giancarlo and others were in attendance.
Ripple CTO David Schwartz has debunked all the talks about the company’s plans to replace XRP with Ripple Stablecoin (XRPSC).
The value of stablecoins assets surpassed the $10 billion barrier gaining at least 70% in the last two months as investors prefer dollar-backed assets over Bitcoin.