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Stablecoin
Fintech App Eco to Convert User Balances From US Dollars to USDC
Eco will use digital settlement-service platform Zero Hash to custody the stablecoins.
Jack Dorsey’s TBD Team Partners With Circle to Take US Dollar Stablecoin Savings, Remittances Global
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.
US Fed Chair Powell Urges Caution on Regulating DeFi
Some policymakers are keen to press new rules on the decentralized finance sector following the collapse of Do Kwon's terraUSD stablecoin.
Crypto Goes Local: How Great Barrington Is Using ‘Digital BerkShares’
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.
Trading App Robinhood Markets Adds USDC to Its Crypto Lineup
Users will be able to transfer the stablecoin from the Polygon and Ethereum networks on Wednesday.
What Is a Stablecoin?
With PayPal's announcement that they are creating a U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), many are wondering about this type of cryptocurrency and how it functions.
Celsius Asks for Court’s Permission to Sell Stablecoin Holdings
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.
Crypto Custody Specialist Anchorage Digital Offers Japanese Yen Stablecoin
The GYEN stablecoin is a partnership with GMO-Z.com Trust Company, a subsidiary of Japanese financial services and internet giant GMO Internet Group.
Binance Exec on Converting USDC, Other Stablecoins to BUSD: ‘Not a Surprise’
Binance is converting user funds to its Binance USD (BUSD) stablecoin from alternatives, including the larger USD coin (USDC). Binance Chief Communications Officer Patrick Hillmann shares his insights and why “it really shouldn’t be that big a surprise.” Plus, his take on Tether (USDT).
Circle CEO Expects USDC to Benefit From Binance's Auto-Converting
Beginning late September, USD coin (USDC), Paxos dollar (USDP) and trueUSD (TUSD) will no longer be traded at Binance, and deposits will automatically be converted to Binance USD (BUSD). Circle CEO Jeremy Allaire expects USDC to benefit from getting booted. "The Hash" hosts discuss what this means for the global stablecoin markets.
