Stablecoin


Tech

Aave Deploys Native Stablecoin GHO on Ethereum Testnet

GHO joins an increasingly competitive space as rival DeFi protocols also issue or are moving to release their own protocol-native stablecoins.

(MidJourney/CoinDesk)

Policy

Central Banks Are Working on a Monitoring System for Stablecoin Balance Sheets

The Bank for International Settlements is spearheading a project that will look into tech tools that could help regulators form policy frameworks for stablecoins based on data.

The BIS's London Innovation Hub is experimenting on a stablecoin monitoring system. (Yuichiro Chino/Getty Images)

Finance

86% of Stablecoin Issuer Tether Was Controlled by 4 People as of 2018: WSJ

Documents reveal the previously unknown ownership structure of the secretive stablecoin issuer.

(Emily Parker/CoinDesk)

Markets

Cardano-Based Djed Stablecoin Has Attracted 27M ADA Tokens as Reserve Backing

Djed started on Tuesday and has a collateral backing ratio of 600% at the time of writing.

(eswaran arulkumar/Unsplash)

Videos

US and Asia’s Approach to Crypto

While sentiment toward crypto may be souring among U.S. regulators and lawmakers, Asia is revising policies to welcome crypto. CoinDesk Executive Director of Global Content Emily Parker discusses the difference in the U.S. and Asia's approach to crypto regulation, citing the implosion of FTX and stablecoin legislations. Plus, what can be learned from regulatory frameworks in Singapore, Hong Kong and Japan. And, insights on FTX users in China.

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Markets

Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement

BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko.

Logo 3D de Binance impreso en dorado. (Rob Mitchell/CoinDesk)

Policy

SEC Derailed Circle's Plans to Go Public via SPAC Deal: Report

Circle said its plans to go public didn't go through because the U.S. Securities and Exchange Commission did not sign off on it.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Markets

Cardano-Based Overcollateralized Stablecoin Djed to Launch Next Week

The stablecoin can be minted by ADA holders and is widely expected to be integrated to several Cardano dapps upon launch.

(eswaran arulkumar/Unsplash)

Videos

Bitwise General Counsel on Crypto Regulation

Bitwise Asset Management General Counsel and Chief Compliance Officer Katherine Dowling joins "First Mover" to discuss whether Congress will take action on stablecoin regulation in 2023. Plus, insights on FTX's implosion and how it could impact future laws.

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