STABLECOIN DIGEST 19.02.2021

Regulation and monetary policy

Institutional adoption underscores urgency of clear crypto rules, says Hester Peirce

https://cointelegraph.com/news/institutional-adoption-underscores-urgency-of-clear-crypto-rules-says-hester-pierce?utm_source=Telegram&utm_medium=social

Regulatory clarity in the crypto industry is needed now more than ever, per one official.


Russian Duma prepares bill on cryptocurrency taxation

https://cointelegraph.com/news/russian-duma-prepares-bill-on-cryptocurrency-taxation?utm_source=Telegram&utm_medium=social

The Russian State Duma will consider a new bill on cryptocurrency taxation on Feb. 17.


Dubai-based licensing company adopts cryptocurrency payments

https://cointelegraph.com/news/dubai-based-licensing-company-adopts-cryptocurrency-payments?utm_source=Telegram&utm_medium=social

Kiklabb has become the first state-owned entity in the United Arab Emirates to accept cryptocurrency payments.


Sweden extends digital krona digital currency pilot until 2022

https://cointelegraph.com/news/sweden-extends-digital-krona-digital-currency-pilot-until-2022?utm_source=Telegram&utm_medium=social

Sweden's exploration into CBDCs will continue until 2022 as the nation's central bank seeks to construct a digital version of the krona.


Austrian regulators call for stricter crypto regulations amid rising fraud

https://cointelegraph.com/news/austrian-regulators-call-for-stricter-crypto-regulations-amid-rising-fraud?utm_source=Telegram&utm_medium=social

Crypto scams appear to be dominating investment fraud cases in Austria.


The Bahamas gets a card for its sand dollar national digital currency

https://cointelegraph.com/news/the-bahamas-gets-a-card-for-its-sand-dollar-national-digital-currency?utm_source=Telegram&utm_medium=social

The Central Bank of the Bahamas partnered with Mastercard and digital payment startup Island Pay to launch a card for its central bank digital currency.


Swiss canton of Zug starts accepting tax payments in cryptocurrency

https://cointelegraph.com/news/swiss-canton-of-zug-starts-accepting-tax-payments-in-cryptocurrency?utm_source=Telegram&utm_medium=social

The Swiss canton of Zug is now accepting Bitcoin and Ether for tax payment from local companies and individuals.

Analytics and opinions 

DEXs becoming unusable? How to navigate record gas fees ahead of Eth2

https://cointelegraph.com/news/dexs-becoming-unusable-how-to-navigate-record-gas-fees-ahead-of-eth2?utm_source=Telegram&utm_medium=social

Ethereum gas fees are too high for decentralized trading, but there are some alternatives now and others on the way.


Algorithmic stablecoins aren’t really stable, but can the concept redeem itself?

https://cointelegraph.com/news/algorithmic-stablecoins-aren-t-really-stable-but-can-the-concept-redeem-itself?utm_source=Telegram&utm_medium=social

Amid much fanfare, many algorithmic stablecoins have not been stable. Is the problem intractable, or it's just the algorithms that aren't good enough?


Can banks be their own bank? Deutsche Bank, BNY Mellon plan custody services

https://cointelegraph.com/news/can-banks-be-their-own-bank-deutsche-bank-bny-mellon-plan-custody-services?utm_source=Telegram&utm_medium=social

Experts say building custody solutions is tricky, but will become crucially important as crypto grows more valuable.


USDT-settled futures contracts are gaining popularity — Here’s why

https://cointelegraph.com/news/usdt-settled-futures-contracts-are-gaining-popularity-here-s-why?utm_source=Telegram&utm_medium=social

Crypto exchanges offer USDT- and BTC-settled perpetual futures contracts, but which is best suited for the average trader?


India crypto ban is like banning internet, says former Coinbase CTO

https://cointelegraph.com/news/india-crypto-ban-is-like-banning-internet-says-former-coinbase-cto?utm_source=Telegram&utm_medium=social

Former Coinbase chief technology officer Balaji Srinivasan has warned that India's impending ban on Bitcoin and other cryptocurrencies would be like banning the "financial internet."


What are Some Stablecoins to Look Out for in 2021?

https://www.bitrates.com/news/p/what-are-some-stablecoins-to-look-out-for-in-2021

Stablecoins are a dime a dozen these days. With so many out there, it can be difficult for interested investors to pick the best.


You’ve got the power? Legacy banks aim high with new crypto offerings

https://cointelegraph.com/news/you-ve-got-the-power-legacy-banks-aim-high-with-new-crypto-offerings?utm_source=Telegram&utm_medium=social

Is the crypto custody market becoming too big for established banks to ignore?

New projects, partnerships, and investments

Stablecoin RAI launches, a pure, decentralized alternative for DeFi

https://cointelegraph.com/news/stablecoin-rai-launches-a-pure-decentralized-alternative-for-defi?utm_source=Telegram&utm_medium=social

The RAI stablecoin will attempt to bring stability to DeFi markets with the long-term goal of becoming a stable global reserve asset not tied to any nation’s currency.


Visa partners with First Boulevard to launch crypto APIs platform

https://www.mobilepaymentstoday.com/news/visa-partners-with-first-boulevard-to-launch-crypto-apis-platform/

Visa is launching a new platform designed to expand the access its customers have to cryptocurrencies, including Bitcoin. There are currently 35 crypto platforms that are available to Visa users.

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