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Stablecoin
Aave Passes Proposal for Yield-Generating Stablecoin GHO
The fully collateralized stablecoin is native to the Aave ecosystem and will be initially available on the Ethereum network.

US Stablecoin Bill Delayed by Congressional Committee Until After August
The head of an influential House panel said negotiations on the measure won't take place until after the summer recess.

Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets under the latest plan for U.S. legislation still being negotiated by leaders of the House Committee on Financial Services, according to a CoinDesk source. CoinDesk's Nikhilesh De joins First Mover to discuss.

UK Markets Bill Extends Banking Rules to Crypto Assets
The U.K. introduced the bill, which also addresses stablecoins, to Parliament earlier Wednesday, but lawmakers won’t take up the measure until later in the week.

Argentinian Exchange Buenbit Launches Crypto Loans, Plans New Funding After Layoffs
Users of the platform will be able to withdraw up to $3,333 in nuARS, a stablecoin tied to the Argentinian peso, using MakerDAO’s DAI as collateral.

Circle’s Detailed Reserve Report Shows Only Cash, Short-Term Treasurys Back USDC Stablecoin
The asset breakdown comes at a time when crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.

Policy Makers Should Get On With Regulating Crypto, BOE’s Cunliffe Says
The Bank of England’s deputy governor said regulators should accelerate crypto rulemaking. If certain risks involving crypto can’t be managed, related activities must be stopped.

Brazilian Fintech PicPay to Launch Crypto Exchange, Real-Tied Stablecoin
The company, which has 30 million active users, will offer bitcoin, ether and USDP trading.

Aave Proposes Decentralized, Yield-Generating Stablecoin GHO
The U.S. dollar-pegged algorithmic stablecoin will be minted by users and generate interest yields.

Argentinians Turn to Stablecoins Amid Economic, Political Uncertainty
Ripio Founder & CEO Sebastian Serrano discusses crypto adoption in Argentina amid high inflation in the country and why investors are showing increased interest in stablecoins.
