Stablecoins, which are cryptocurrencies with their price anchored to government-issued currencies, are increasingly popular for payments across the globe, offering a more efficient and cheaper way to move money. As countries roll out regulations for the asset class, more banks are getting interested in issuing their own stablecoin. Spanish bank BBVA, for example, said it plans to issue a stablecoin on Ethereum next year using payment firm Visa’s tokenization platform.
Bitcoin Price (BTC) Falls Following Jerome Powell Comments
The price of bitcoin (BTC) fell about 1.5% to $88,300 in the minutes following Powell's comments. The price at press...
