Meanings of stablecoin in English

Chao also believes that Facebook will inevitably list its stablecoin on other major crypto exchanges.

All entities operating as part of a stablecoin scheme should be registered in the EU, they said.

In addition to this, the stablecoin has shown a strong correlation to Bitcoin in an exciting way.

This occurred hours after Jerome Powell, Federal Reserve Chairman stated that Facebook's forthcoming stablecoin should cease development.

Furthermore, Forbes believes that the stablecoin could possibly replace the US dollar as the leading global currency.

Furthermore, an additional Tether-issued stablecoin is on the horizon which will be backed by the Chinese yuan.

Tether is a stablecoin that is backed by the US dollar on a one to one basis.

Furthermore, the crypto exchange has also been allegedly pitching its stablecoin offerings as alternatives to Facebook's forthcoming Libra cryptocurrency.

The news comes as Circle on Wednesday announced USD Coin, a stablecoin that is pegged to the US dollar.

The world's most popular stablecoin is down by a modest 0.22%.

On Tuesday, financial leaders of the world's seven biggest economies said no stablecoin operation should start until it is properly regulated.

Furthermore, he also cited concerns that corporate sponsors of the stablecoin could harvest data from the use of the digital asset.

Long speculated by many in the cryptocurrency industry, Libra will operate as a stablecoin backed by assets in the Libra Reserve.

The end goal of these discussions is to better determine whether Facebook's stablecoin could possibly fall under the CFTC's regulatory remit.

The issuer of the popular stablecoin has sent $300 million worth of USDT to the world's largest exchange by volume.

There may be some agreement on a collective response to crypto currencies and Facebook's plans to issue its Libra "stablecoin".