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USDC's utility has taken a hit in the wake of Binance's decision to consolidate order books and Circle's decision to freeze addresses associated with Tornado Cash.
The Committee on Payments and Market Infrastructures wants to know if stablecoins can fulfil their promise of cheaper, quicker transactions, according to a new Financial Stability Board report.
Financial-stability norms to be set out next week could seek to extend financial regulations to the crypto world - or could seek to go in a whole new direction.
The Treasury-led Financial Stability Oversight Council has responded to President Joe Biden’s executive order with calls for greater regulatory reach into markets, crypto firms’ affiliates and outside service providers.
Researchers at the Federal Reserve Bank of New York published a new paper claiming Circle's USDC stablecoin poses a risk to the broader financial system.