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Stablecoin
LUNA Hits All-Time Highs After Terra Network Upgrade
The Columbus-5 upgrade has altered the network’s token economics to place “deflationary pressure” on LUNA.

Rep. Tom Emmer on Crypto Regulation, CBDCs, Infrastructure Bill
During Thursday’s House Financial Services Committee meeting, U.S. Federal Reserve Chairman Jerome Powell said he does not intend to ban cryptocurrencies but signaled stablecoins need greater regulatory oversight. Committee member Rep. Tom Emmer (D-Minn.) reacts.

Stablecoin Pegged to Peru’s Currency Launches on Stellar
The coin has been created by Latin American digital token issuer Anclap and is 100% backed by local currency.

Market Wrap: Bitcoin Rises as Traders Accumulate Positions
Sentiment is improving as traders eye positive technical indicators.

Stablecoins Are ‘Pretending’ to Be Currencies: ECB’s Lagarde
Stablecoins are not currencies, but rather, assets, ECB President Christine Lagarde said.

Market Wrap: Bitcoin and Stocks Rise on Dovish Fed
Bitcoin returns above $48,000 as risk rally continues.

Tether Starts Printing Again After 2-Month Pause
The issuer of the world's largest stablecoin has minted 2.3 billion new USDT tokens since the start of August.

Tether Reveals More Details About Its Reserves
Roughly 93% of Tether's commercial paper and certificates of deposit holdings was rated A-2 and above, while 1.5% was rated below A-3.

Huobi-Branded HUSD Reveals Breakdown of Reserves: All Held in Cash
Though USDT and USDC still captured the largest market share, smaller stablecoins are trying to prove that they are backed by safer assets.

USDT Usage on Ethereum Shifts Away From Asia Daytime Hours
The changing trading patterns in USDT might be the result of China's recent crackdown on cryptocurrency mining and trading.
