Stablecoin


Tech

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.

(eswaran arulkumar/Unsplash)

Policy

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.

Rep. Maxine Waters (Anna Moneymaker/Getty Images)

Videos

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.

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Policy

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.

CoinDesk placeholder image

Finance

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.

Buenbit CEO Federico Ogue (Buenbit)

Markets

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.

Circle (Sandali Handagama/ CoinDesk)

Policy

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.

The Bank of England (Robert Bye/Unsplash)

Finance

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.

Bandera de Brasil. (Mateus Campos Felipe/Unsplash)

Tech

Aave Proposes Decentralized, Yield-Generating Stablecoin GHO

The U.S. dollar-pegged algorithmic stablecoin will be minted by users and generate interest yields.

(eswaran arulkumar/Unsplash)

Videos

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.

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