Crypto.com Secures EMI Status from UK Regulator FCA
The EMI license empowers Crypto.com to introduce a range of UK-centric e-money offerings within the FCA's framework.

The EMI license empowers Crypto.com to introduce a range of UK-centric e-money offerings within the FCA's framework.
Tether, the world's leading stablecoin issuer, is undergoing a leadership shift, with Paolo Ardoino set to become the CEO in December 2023.
The primary function of the Frax Protocol is to maintain the FRAX price at $1.000 by using AMO contracts, real-world assets (RWAs), and governance actions facilitated by frxGov, leveraging USD oracles as a reference.
Users won't have the protection of the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) if issues arise.
A new breed of app-specific stablecoins could be just what DeFi needs.
The main idea is in LLAMMA: replacing liquidations with a special-purpose AMM.
Justin Sun speculated in a tweet that struggling trading firm Alameda might have started the depeg by selling its USDD holdings.
How will this $150 billion industry evolve?
The United Kingdom's Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets.
Although USDC is the second largest Stablecoin, it is the most used on-chain Stablecoin in the Crypto space.