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Stablecoin
Johnson's Exit as British Prime Minister Leaves UK Crypto Ambitions on Hold
Most likely replacements have been relatively quiet about their views on Web3.

Shiba Inu Plans to Launch Stablecoin, Reward Token, Collectible Card Game
SHIB prices hardly budged on the news but gas token BONE and ecosystem token LEASH rallied.

Here's What Still Needs to Happen Before the EU's MiCA Bill Becomes Law
CoinDesk looks at what EU crypto companies can expect after the bloc sealed deals on the political shape on anti-money-laundering and licensing laws.

Meta to Shutter Novi Crypto Payments Wallet in September, Ending Libra Saga
Three years into its stablecoin gambit, Meta’s final Libra dinosaur is going out the door.

Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns
The USDT issuer's market cap has fallen to $66.1 billion from $82.2 billion in two months.

EU Agrees on Landmark Crypto Authorization Law, MiCA
The world’s third-biggest economy wants the Markets in Crypto Assets Regulation to protect investors and set up strict standards for stablecoin issuers.

Crypto Derivatives Exchange Bybit to Settle Options Contracts in USDC
The company will be using the second-largest stablecoin by market cap for its relative stability.

New York Community Bank to Hold Assets Backing Circle's USDC
This marks the first time a community bank will serve as a custodian for a stablecoin.

Crypto's Liquidity Crisis and Stablecoin Concerns Could Affect Regulatory Action
Ice Miller Public Affairs Group Partner Jarrod Loadholt discusses the current state of crypto regulation as several states take action against Celsius and the bear market raises investor concerns. Loadholt addresses the recent bill proposed by Senators Cynthia Lummis and Kirsten Gillibrand, stablecoins and the federal approach of “regulation by enforcement.”

Fmr Saxo Bank CEO on Crypto and Equities Market Performance
Concordium Blockchain founder and former Saxo Bank CEO Lars Seier Christensen discusses crypto’s correlation with the equities market as bitcoin trades near $21,000 amid recession fears. Plus, insights on why investors are speculating against algorithmic stablecoins like USDT and USDD’s depegging.
