✔️ The US Committee on Financial Services will hold hearings titled "Understanding the role of stablecoins in payments and the need for legislation" on April 19.

#crypto #cryptonews #stablecoins

🇺🇸 Developers of stablecoins could face up to 5 years in prison and a $1 million fine if they work in the US without registration, according to a stablecoin bill presented in the US Congress. Tether and Circle, developers of the popular USDT and USDC, will be affected.

Issuers will be required to prove that the coins are fully backed by currency or securities in order to obtain registration.

#stablecoins #regulation #Tether #Circle #USDT #USDC #registration

✔️ The MakerDAO crypto lending protocol has approved the opening of a real-world assets (RWA) vault for Coinbase Custody and a transfer of up to $500 million in stablecoins USDC, according to the results of the voting that ended on Thursday.

#MakerDAO #cryptolending #RWA #CoinbaseCustody #USDC #stablecoins #cryptocurrencies #cryptonews

📊 According to current market data, as of March 31, 2023, the stablecoin economy lost $2.4 billion.

🟢 In the last 30 days, 4 out of 5 largest stablecoins experienced net redemptions, except for Tether, which grew by 2.3% during this time.
#stablecoins #market #economy #Tether #redemption #cryptocurrency

TOP crypto news - selection ☀️

⚡️The amount of stablecoins held on exchanges has fallen to a 2-year low

⚡️Tether has frozen another account with 1,012,606 USDT

⚡️Shares of two large US banks, Pacwest and Western Alliance, fell by 36% and 24% respectively

⚡️The White House is pushing for a 30% penalty tax on cryptocurrency mining

💰Summary of TOP-5 coins:
🛸Bitcoin - $28,644.22
🛸Ethereum $1,864.85
🛸BNB - $323.36
🛸Ripple - $0.4592
🛸 Cardano - $0.3853
Market capitalization - $1.18T
Crypto Fear/Greed Index
Status: Greed
⚡️Value: 64/100

⚡️Have a nice day!

#stablecoins #exchanges #Tether #banks #Pacwest #WesternAlliance #cryptomining #crypto #cryptonews

TOP crypto news - selection ☀️

⚡️The EU may simplify the storage of stablecoins for banks.

⚡️Reuters claims that Binance mixed client funds with company assets through Silvergate Bank - Binance denies all allegations.

⚡️Former CFTC commissioner stated that ETH can simultaneously be considered a security and a commodity.

#stablecoins #Binance #SilvergateBank #ETH #CFTC #crypto #cryptonews #cryptocurrencies

TOP crypto news - morning selection ☕️

⚡️The market share of USDT among stablecoins has grown from 47.4% to 65.89% over the past year.

⚡️Approximately 14,000 BTC, totaling around $372.4 million, have been withdrawn from cryptocurrency exchange wallets in the past few days.

⚡️According to IntoTheBlock, 79.86% of all addresses holding the Shiba Inu meme coin are at a loss.

💰Morning summary of TOP-5 coins:
🛸Bitcoin - $28,009.20
🛸Ethereum - $1,905.48
🛸BNB - $314.65
🛸Ripple - $0.4814
🛸Cardano - $0.3807
Market Capitalization - $1.16T
Crypto Fear/Greed Index
Status: Neutral
⚡️Value: 50/100

☀️Have a nice day!

#crypto #bitcoin #ethereum #BNB #ripple #cardano #bitcoinprice #ethereumprice #cryptocurrency #BTC #cryptonews #USDT #stablecoins #ShibaInu