Stablecoin

Bitcoin (BTC) continues to hover around $30,000 after seeing a more than 20% price gain since last Thursday. 21.co co-founder and CEO Hany Rashwan discusses the macro headwinds potentially impacting bitcoin's price and the wider crypto markets. Plus, his outlook for stablecoins.

23 giu 2023

CoinDesk's chief insights columnist David Z. Morris joins "The Hash" panel to discuss why stablecoin tether (USDT) could face serious pressure amid the U.S. Securities and Exchange Commission (SEC)'s apparent crackdown on the crypto industry, with recent lawsuits against Coinbase and Binance.

22 giu 2023

Federal Reserve Chairman Jerome Powell argued for the need for strong central bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee Wednesday. Perianne Boring, founder and CEO of The Chamber of Digital Commerce, discusses what to make of Powell's comments. "It's a bigger question of the whole path to this legislation," Boring said.

22 giu 2023

Jennifer Sanansie gives a news update on "CoinDesk Daily." Bitcoin has broken $30,000 for the first time in over a year amid bullish sentiment in the market following a number of traditional finance (TradFi) players pushing further into crypto. Plus, Federal Reserve Chairman Jerome Powell argues for strong central-bank oversight in stablecoin regulations, saying "the ultimate source of credibility in money is the central bank," in front of the House Financial Services Committee. Separately, crypto exchange Binance will expand its zero-fee trading promotion to all trueUSD (TUSD) trading pairs starting June 30. And, decentralized finance (DeFi) infrastructure provider, Maverick Protocol, has raised $9 million in funding.

21 giu 2023

Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday, saying "we do see payment stablecoins as a form of money." Powell further underscored the significance of central banks as the "ultimate source of credibility in money" in all advanced economies. He also argued for the need for strong central bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.

21 giu 2023

CoinDesk recently obtained documents under a Freedom of Information Law request, which offer a rare but limited look into Tether’s banking relationships. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down what the documents reveal about the stablecoin issuer's banking relationships and past reliance on commercial paper.

20 giu 2023

Millions worth of tether (USDT) stablecoins appeared to be selling off on popular Uniswap and Curve pools Thursday morning, sparking early signs of concern among traders. USDT, which usually trades around $1, lost its peg to the U.S. currency and dropped as low as $0.9968. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

15 giu 2023

The House Financial Services Committee held a hearing Tuesday on the future of digital assets. The committee weighed its draft stablecoin bill in the wake of the U.S. Securities and Exchange Commission (SEC)'s action against Binance and Coinbase. Prometheum co-CEO and founder Aaron Kaplan, who sat on the witness panel, discusses the key takeaways and outlook for crypto legislation in the United States.

14 giu 2023

Former CFTC chairman Heath Tarbert will join stablecoin issuer Circle as chief legal officer and head of corporate affairs, effective July 1. "The Hash" panel discusses how former regulators could help crypto firms comply better with the regulatory framework.

9 giu 2023

Global leaders are setting up universal rules and standards for the crypto sector after its headline-making implosion last year. While they appear to have reached a consensus on most things, advanced and emerging economies seem to be diverging on the treatment of stablecoins, two senior officials involved in key discussions told CoinDesk. "The Hash" panel weighs in.

8 giu 2023