Stablecoin

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 черв. 2023 р.

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 черв. 2023 р.

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 черв. 2023 р.

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 черв. 2023 р.

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 черв. 2023 р.

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 черв. 2023 р.

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 черв. 2023 р.

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 черв. 2023 р.

The community governing MakerDAO, the decentralized autonomous organization (DAO) behind stablecoin DAI, has paved the way to purchase up to an additional $1.28 billion in U.S. government bonds via crypto asset manager BlockTower Capital. "The Hash" panel discusses the outlook for the Maker ecosystem.

2 черв. 2023 р.

CoinDesk's Jennifer Sanasie presents the major stories shaping the crypto industry on "CoinDesk Daily" as MakerDAO’s community voted to ditch $500 million Paxos Dollar (USDP) stablecoin from the lending protocol's reserves. Plus, insights on Kraken's gains in customer deposits in Canada following the departure announcements of its rival exchanges including Binance and OKX. And, a closer look at the partnership between Nike Virtual Studios and video game developer EA Sports.

1 черв. 2023 р.