Stablecoin


Markets

Silvergate’s Struggles Will Likely Boost Stablecoins’ Role in Crypto Trading: Kaiko

Ailing crypto-friendly bank Silvergate closed its instant settlement SEN platform, which has been a key on-ramp for institutional crypto investors to transfer U.S. dollars to exchanges.

(slobo/Getty Images)

Markets

Tether's USDT Stablecoin Market Share Rises to Highest Level in 15 Months

USDT’s market share among stablecoins surpassed 54% on Monday, its highest level since November 2021.

(Nikhilesh De/CoinDesk)

Videos

Singapore Authorities Probing Do Kwon’s Terraform Labs: Bloomberg

Singapore's police said they have started to investigate Terraform Labs, the company behind the failed terraUSD (UST) stablecoin, according to a Bloomberg report on Monday. "The Hash" panel discusses the latest developments after the collapse of TerraUSD last year led to a wave of bankruptcies in the crypto industry, including those of hedge fund Three Arrows Capital and crypto lenders Voyager Digital and Celsius Network.

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Finance

Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report

The firm's sole director is hoping to roll out a DeFi platform to begin paying back creditors.

Hong Kong (Unsplash)

Markets

Binance USD Stablecoin Market Cap Falls Below $10B After Coinbase Delisting

Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin.

Binance Logo (Danny Nelson/CoinDesk)

Videos

Questions Loom Over Binance's Stablecoin Collateral

According to Forbes, crypto exchange Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year. "The Hash" panel discusses why the reporting is raising significant questions about the management and custody of customer assets and stablecoin collateral by Binance.

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Finance

Three Japanese Banks Start Stablecoin Experiment

The institutions involved are Tokyo Kiraboshi Financial Group, Minna no Bank and The Shikoku Bank.

Cityscape Tokyo, Japan (Ryo Yoshitake/Unsplash)

Videos

Tensions Brewing Between Aptos and Sui After Disinvitation From Denver Crypto Conference

At ETHDenver, one of the year’s biggest events on the crypto circuit, tensions have gone public between Aptos and Sui, two startup blockchains staffed by teams of individuals who emerged from Facebook's defunct Diem stablecoin project. "The Hash" panel discusses the details and subsequent industry implications.

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Opinion

Binance Can’t Keep Its Story Straight on Misplaced $1.8B USDC

The FUD is coming from inside the building, says David Z. Morris, CoinDesk's chief insights columnist.

Binance founder and CEO Changpeng Zhao (Antonio Masiello/Getty Images)

Videos

Binance USD Stablecoin Outflows Hit Roughly $6B Since February: Report

Approximately $6 billion of outflows has hit Binance's stablecoin, BUSD, since Feb. 13, according to CoinGecko data compiled by Reuters. "First Mover" hosts weigh in on the latest developments after stablecoin issuer Paxos said last month it will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services.

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