The U.S. government has banned employees from participating in public matters related to cryptocurrencies, such as the formulation of laws, if they have invested in cryptocurrencies and stablecoins.
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Tether has created a stablecoin pegged to the British pound. It will be available to buy from early July and is the fifth token linked to a fiat currency that the company has released.
MoneyGram is working with Stellar to deliver a new service called MoneyGram Access. With this solution, people can buy USDC with hard cash and make remittance payments with very low fees.
Palau is the latest country to dabble in cryptocurrency. It has partnered with Ripple to develop a new USD-backed stablecoin. It could end up being the world's first government-backed stablecoin.
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The head of the Libra project at Facebook has announced that the cryptocurrency could be made up of national stablecoins instead of being a synthetic currency as it tackles regulatory issues.
Facebook is reportedly working on its own digital currency in the form of stablecoin that will allow users to transfer money via WhatsApp. The service is said to be slated for initial launch in India.
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