Stablecoin


Policy

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.

U.K. Prime Minister Boris Johnson on Thursday (Carl Court/Getty Images)

Markets

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.

A Shiba inu, the dog breed that inspired both DOGE and SHIB, is getting a ride in cryptocurrency markets. (Unsplash, modified by CoinDesk)

Policy

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.

The EU Commission, Parliament and Council are due to begin negotiations on the MiCA framework. (Daniel Day/Getty Images)

Finance

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.

Rep. Brad Sherman (D-Calif.) created a "Zuck Buck" graphic featuring CEO Mark Zuckerberg to describe his view of the libra stablecoin. (House Financial Services Committee)

Finance

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.

Tether Chief Technology Officer Paolo Ardoino.  (Twitter/Bitfinex, modified by CoinDesk)

Policy

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.

The EU's landmark crypto legislation covers a wide range of assets and services. (Vincenzo Lombardo/Getty)

Markets

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.

(Creative Commons, modified by CoinDesk)

Finance

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.

Circle (Sandali Handagama/ CoinDesk)

Videos

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.”

Recent Videos

Videos

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.

Recent Videos