Stablecoins do not yet credibly function as a payment method at scale, Bank for International Settlements General Manager Pablo Hernández de Cos said on Aug. 28 at the Federal Reserve’s Jackson Hole s...
Major U.S. and international banks are reconsidering stablecoins as crypto companies and technology groups expand into payments, according to an Aug. 26 Wall Street Journal report. Summary JPMorgan sa...
The Financial Accounting Standards Board (FASB) proposed new U.S. accounting guidance on Aug. 18 that would clarify when companies may present certain stablecoins as cash equivalents. Summary FASB pro...
BitGo Europe and German stablecoin issuer AllUnity announced on Aug. 17 that they had formed a partnership covering three regulated, fiat-backed stablecoins. Summary BitGo Europe became a first buyer ...
Domestic stablecoins designed to strengthen the role of national currencies could have an unintended effect: making it easier for users to move into digital dollars. Summary IMF says local stablecoin...