Stablecoin

Law firm Roche Freedman was removed from representing the plaintiffs in a class action lawsuit against crypto exchange Bitfinex and stablecoin issuer Tether, which accused them of market manipulation, according to a Bloomberg report. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details and why a judge referred to what Roche Freedman did as "stupid."

Oct 14, 2022

U.S. Treasury Secretary Janet Yellen reiterated the importance of building a regulatory framework for digital assets. Stablecoin issuer Tether reduced its commercial paper holdings to zero and replaced them with U.S. Treasury bills. Bankrupt crypto lender Voyager Digital's executives have included sweeping legal immunity for themselves in the proposed agreement for their assets to be sold to FTX.US for $1.4 billion.

Oct 13, 2022

Federal Reserve Vice Chair for Supervision Michael Barr spoke at a DC Fintech Week event to a policy-focused crowd, noting that risk management is a key issue for regulators. “The range of options available for dealing with emerging technologies and those benefits are solid,” Barr said. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details. Plus, insights on negotiations over Congress’ leading stablecoin bill.

Oct 13, 2022

Tron Founder Justin Sun discusses the significance of Hong Kong-based About Capital acquiring crypto exchange Huobi Global. Plus, insights into decentralized stablecoin USDD, "advantages" of central bank digital currencies (CBDCs), how Binance competes against its rivals and his "highly optimistic" outlook for China's crypto scene.

Oct 11, 2022

Privacy-focused crypto and payments firm MobileCoin has partnered with stablecoin platform Reserve to launch a stablecoin dubbed “Electronic Dollars” (eUSD). “The Hash” hosts discuss how eUSD works and the implications for privacy, global payments and the larger stablecoin market.

Oct 10, 2022

Texas state agencies are objecting to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new court filing. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.

Sep 30, 2022

Circle said on Wednesday that it plans to launch its USD coin (USDC) stablecoin – the second-largest dollar-backed stablecoin by market capitalization – natively on Cosmos in early 2023. Jelena Djuric, ecosystem lead at Cosmos Research, discusses what this means for the Cosmos ecosystem and decentralized finance.

Sep 30, 2022

TBD, the bitcoin-focused subsidiary of Jack Dorsey’s Block, is teaming up with USDC stablecoin issuer Circle to bring cross-border dollar-linked stablecoin transfers and savings to investors globally. “The Hash” team discusses what this means for the stablecoin markets and the crypto industry at large.

Sep 29, 2022

Humanity Cash CEO Fennie Wang and Berkshire Food Co-op President Phyllis Webb join “Community Crypto” to explain how “BerkShares,” a local dollar-pegged cryptocurrency for the Berkshire region, aims to keep money circulating in their community and provides economic opportunities to small businesses and banks.

Sep 23, 2022

According to new court filings, Celsius Network has asked the court for authorization to sell its stablecoin holdings in order to generate liquidity to help fund its operations. The troubled crypto lender owns 11 forms of stablecoins totaling approximately $23 million, according to disclosures.

Sep 16, 2022