Japan Passes Law Requiring Stablecoins Be Linked to Yen or Another Legal Tender
(Bloomberg) Japan has passed a law that requires stablecoins to be linked to the yen or another legal tender in the wake of the collapsed TerraUSD token. The new law…
US Banks to Launch a USDF Stablecoin to Address Concerns of Nonbank Equivalents
(Prnewswire) The New York Community Bank, Sterling National Bank, and First Bank are pioneering a stablecoin named USDF as concerns of nonbank-issued equivalents mount. The consortium says the USDF coin…
CoinDesk Embroiled in Legal Battle With Tether on Reserves Backing Stablecoins
(CoinDesk) CoinDesk is set to square it out with Tether after the news entity petitioned to have access to documents showing the reserves supporting $78.4 billion worth of stablecoins. The…