Wells Fargo to Pilot Dollar-Linked Crypto for Internal Settlement

U.S.-based financial giant Wells Fargo is developing a cryptocurrency that will run on the firm’s first blockchain platform. Source link

Binance to List Its New Dollar-Backed BUSD Stablecoin Next Week

Binance’s dollar-backed stablecoin, BUSD, created in partnership with the Paxos Trust Company, will soon be available for trading. Source link

3 Key Takeaways From Switzerland’s New Stablecoin Guidelines

Switzerland’s financial watchdog issues new stablecoin guidelines, outlines its requirements for the Libra Association’s proposed stablecoin payments network Source link

Facebook Adds Singapore Dollar to Libra Crypto Basket: Report

Facebook reportedly included the Singapore dollar but not the Chinese yuan in an updated list of currencies meant to back the Libra stablecoin. Source link

JPMorgan Warns Stablecoins Like Libra at Risk of ‘System Gridlock’

Libra can add negative yields to its growing list of risks, according to a new JPMorgan analysis Source link

Binance Launches Dollar-Backed Crypto Stablecoin With NYDFS Blessing

Binance has announced a dollar-backed stablecoin approved by NYDFS and launched in partnership with Paxos. Source link

Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report

Bitfinex shareholder Zhao Dong claims Tether will release a version of its stablecoin pegged to commodities such as gold, crude oil and rubber Source link

Biggest Problems With Stablecoins, Explained

Concerns over transparency and reserves are lingering over stablecoins, with big players facing regulatory pushback as they try to launch their own currencies #CT_sponsored Source link

A Crypto Fix for a Broken International Monetary System

Mark Carney’s recent statements about a new digital global currency has opened the door to fresh ideas built on blockchain, Michael J Casey writes. Source link

Beyond USD: The Next Frontier for Stablecoins

The next generation of stablecoins will eschew the U.S. dollar as their basis, writes Bitspark’s George Harrap. Source link