We Need a National Stablecoin System in the United States

The stablecoin is becoming a central part of cryptocurrency, and there has been much talk about regulation recently. There seems to be much floundering around, trying to get a handle on just how to do this.

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Diem tells Senators on the warpath over Novi: We’re not actually Facebook

Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s Novi crypto wallet.
Diem also claimed senior regulators had called it “the best-designed stablecoin project that the U.S. government had seen.”
In an Oct.

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New IMF report calls crypto a ‘threat to global economy’ | CryptoSlate

The International Monetary Fund (IMF) has recently released its new Global Financial Stability Report, in which the entire chapter was dedicated to the discussion about financial stability challenges posed by the accelerating crypto adoption.

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Terra’s Anchor protocol hits $5 billion in TVL, LUNA’s price surges

Terra’s native savings protocol Anchor that offers high yield on stablecoins has reached a new milestone, recording $5 billion in total value locked (TVL).
On-chain demand for Terra (LUNA) is mainly generated by the top two protocols, Anchor and Mirror.

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Circle reveals cooperation in ongoing SEC investigation

Circle, the company behind the world’s second-largest stablecoin USD Coin, has been subpoenaed by the U.S. Securities and Exchange Commission (SEC).
According to an Oct. 4 regulatory filing from Circle, the SEC issued an “investigative subpoena” from its Enforcement Division in July.

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