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Stablecoin
Bitcoin Starts Trading Week in the Red; Tether Freezes 41 Crypto Wallets Tied to Sanctions
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest stories shaping the crypto industry today, including bitcoin (BTC) and ether (ETH) leading in liquidation heatmap with over $335 million in rekt positions in the last 12 hours. Stablecoin issuer Tether froze 41 wallets controlled by people on the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals (SDN) List. And, Pudgy Penguins are marching into a new industry.
Galaxy-Backed Gyroscope's 'All-Weather' Decentralized Stablecoin Goes Live on Ethereum Mainnet
The GYD dollar-pegged token aims to protect against the risks of holding stablecoins by offering an alternative to centralized and algorithmic designs.
Why the Crypto Industry Is So Upset About the IRS’ Proposed New Tax Reporting Rules
Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at tax software firm CoinTracker, discuss the crypto industry’s specific objections to the proposed new rules, and what might be a better way forward. They also delve into how the regulations would apply to stablecoins and NFTs, potential blockchain-based solutions for the reporting requirements, and what the likely outlook and timeline for the proposals to come into effect are.
Tiny Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to 'Abnormal Volatility'
The AEUR-USDT trading pair hit a $3.25 high Tuesday afternoon before Binance suspended trading with the token.
Fresh Money Flows to Crypto as Stablecoin Market Expands After 18-Month Downtrend
Tether's USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
Jeremy Allaire's Stablecoin Is Building a Real Use Case for Crypto
Circle continued to build out the USDC stablecoin network, spreading access and inclusion to new corners of the world.
Rune Christensen Is Making Digital Assets Real
The co-founder of MakerDAO says his biggest achievement this year was bringing real-world assets, like U.S. Treasuries, on-chain and at scale.
Stablecoins Such as Tether May Be in U.S. Sights, Top U.S. Treasury Official Warns
Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists.
Aave's GHO Stablecoin Nears Elusive Dollar Peg
A "benevolent temporary dictator" is helping the not-so-stablecoin get on track.
Solana-Based Stablecoin Remittances Get a Boost with CFX Labs' Fresh $9.5M Fundraise to Expand Globally
Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as payment rail.
