EU Could Veto Large Stablecoins During MiCA Approval Process, Regulator Signals
[May 11, 2023 4:40 AM] The European Banking Authority doesn’t want private crypto initiatives to threaten monetary policy privileges
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Circle reportedly adjusts USDC reserves to avoid US default risk
[May 10, 2023 11:35 PM] The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults.
Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves
[May 10, 2023 10:10 AM] The company’s USDT stablecoin has seen rapid growth this year as the U.S. banking crisis hit rivals.
In the 'Stablecoin Olympics,' No Winner Will Take All
[May 3, 2023 12:42 PM]
TrueUSD's Borrowing Rates Jumped to 100% as TUSD Soared to $1.20: Kaiko
[May 3, 2023 6:12 AM] Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg.
Number of Stablecoins Held on Exchanges Slips to 2-Year Low
[May 2, 2023 4:53 AM] While the stablecoin exchange balance has dropped 44% this year, bitcoin's price has rallied by 70%.
The U.S. Should Lead the Digital Future of Money
[Apr 27, 2023 8:52 AM] In his speech to CoinDesk’s Consensus festival yesterday, the head of the non-profit Digital Dollar Project says a U.S. central bank digital currency is too important to be left to central bankers to design. Money is a social issue requiring…
Stablecoin Reserves Need to Be Diverse, EU Bank Agency Chief Says
[Apr 27, 2023 4:42 AM] The EBA’s José Manuel Campa urged crypto players to start managing risks right away as new norms bed in.
Circle Unveils New Method for Moving USDC Between Blockchains
[Apr 26, 2023 10:39 AM] The cross-chain transfer protocol seeks to improve liquidity of the major crypto payments rail.
USDC Stablecoin Strengthened by U.S. Banking Crisis in March, Circle CEO Says
[Apr 26, 2023 9:25 AM] The stablecoin has upgraded its market infrastructure after losing its peg during the crisis.
Introducing CoinDesk’s ‘Consensus at Consensus’ Project
[Apr 25, 2023 7:59 AM] Intimate group discussions at Consensus 2023 will seek solutions to the crypto industry’s thorniest challenges.
Stablecoins must be programmable to counter CBDCs
[Apr 24, 2023 4:07 PM] Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies.
House Republicans Make Case on Stablecoin Bill After Democrats Called for Do-Over
[Apr 24, 2023 2:00 PM] Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon, which may mark a new starting point for negotiations with Democrats.
Bitcoin ‘ESR’ Continues To Show Bullish Divergence, Will Price Follow?
[Apr 24, 2023 11:30 AM] Bitcoin on-chain indicator Exchange Stablecoin Ratio (ESR) has continued to show bullish divergence recently. Will the price also mimic this? Bitcoin ESR Has Continued To Sharply Ascend In Recent Weeks As explained by an analyst in a CryptoQuant…
Stablecoin Market Share Dwindles As USDC And BUSD Supply Deplete
[Apr 20, 2023 11:00 AM] The top 4 stablecoin valuations have declined significantly since this year. USDC and BUSD supply has depleted by $31 billion, pushing down the overall stablecoin market share. In addition, the top 4 stablecoins’ market capitalization has…
Is Europe’s MiCA a Template for Global Crypto Regulation?
[Apr 20, 2023 9:10 AM] Formally enacted today, the EU’s Markets in Crypto-Assets Regulation is the most comprehensive framework of its kind. How will it influence how non-EU states regulate digital assets?
Crypto Industry Report: BTC Beats Nasdaq Index and Gold in Q1, Liquid Staking Governance Tokens up by 210%
[Apr 19, 2023 9:30 PM] According to the latest Coingecko crypto industry report, during the first quarter of 2023, bitcoin became the best-performing asset after it saw its U.S. dollar value go up from just under $17,000 observed on Dec. 31, 2022, to just over $28,000 by…
Democrats Blast Draft Stablecoin Bill in First 2023 Hearing on Issue
[Apr 19, 2023 8:44 AM] Despite Republican House committee leaders publishing a draft bill and talking about progress, it hasn't been on the bipartisan level required for an eventual law, lawmakers said in a hearing Wednesday.
The Big Issues of Stablecoin Issuance
[Apr 19, 2023 8:29 AM] Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation.
What’s in the House Financial Services Committee’s Stablecoin Bill?
[Apr 18, 2023 4:29 PM] The House Financial Services Committee has finally unveiled its stablecoin legislation, proposing a framework for stablecoin issuers such as Circle and Tether to define how their offerings can be regulated by state and federal entities, while…
BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules
[Apr 17, 2023 10:17 AM] The Bank of England plans on releasing a consultation proposal by the end of the year, Jon Cunliffe said at Innovate Finance’s annual global summit.
Centralized Stablecoins Are Problematic. Is a Decentralized Alternative on the Way?
[Apr 17, 2023 7:10 AM] USDC and USDT both have issues that truly decentralized, blockchain-based protocols are designed to solve.
Bitcoin Rise Fueled By Stablecoins, On-Chain Data Suggests
[Apr 15, 2023 7:58 AM] On-chain data shows the recent rise in the price of Bitcoin above the $30,000 mark may be fueled by stablecoins being shifted into the asset. Stablecoins Have Continued To Flow Into Bitcoin In Recent Days As pointed out by an analyst on Twitter…
Nigerian Crypto and Web3 Startup Lazerpay Shuts Down After Failing to ‘Close a Successful Funding Round’
[Apr 14, 2023 9:30 PM] The Nigerian crypto and Web3 startup Lazerpay announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO…
Flatcoiners should take a cue from TerraUSD's fate
[Apr 14, 2023 5:43 PM] Flatcoins need to provide a more stable and decentralized alternative to traditional currencies — otherwise, they’re nothing but investment vehicles.
Stablecoins Need to Be Regulated Like Commercial Bank Money, Bank of England's Andrew Bailey Says
[Apr 12, 2023 9:03 AM] The central bank governor also said regulators can't rule out central bank digital currencies.
US needs to regulate stablecoins to keep a strong dollar: Stellar CEO
[Apr 11, 2023 10:34 PM] The United States and the greenback will suffer if stablecoin regulations are not rolled out this year, Stellar Development Foundation's chief has claimed.
Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto's 'Rough Year'
[Apr 11, 2023 8:30 AM] FTX and collapses like Signature, Silvergate and Silicon Valley Bank show need for stronger consumer protection, governance norms, the International Monetary Fund said in its Global Financial Stability Report
Stablecoin Tether's Market Capitalization Nears Record High of $83B
[Apr 6, 2023 7:50 AM] Tether's market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival Tron.
USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble
[Apr 5, 2023 11:51 AM] The stablecoin offers greater transparency than competitors like Tether, but, unfortunately, that proved of little value as it was de-pegged during the recent banking crisis, says JP Koning.