Stablecoins


Markets

Biden Administration Will ‘Ultimately Be Supportive’ of Crypto: Circle CEO

Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.

Circle founder and CEO Jeremy Allaire

Policy

Coin Center Donations Top $100K Worth of Dai Following Anti-Stablecoin Bill Proposal

Donations in dai, USDC, and ether were sent to Coin Center via Gitcoin.

Donations sent to Coin Center via Gitcoin over the past 48 hours

Markets

US Treasury Wants Regulators to Watch for 'Potential Risks' in Digital Asset Innovation

The Treasury Department wants state and federal regulators to keep a vigilant watch on digital asset innovation.

US Treasury Seal

Markets

Why Stablecoins Are the First Battleground of the Coming Crypto Regulation Wars

The STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry.

Breakdown 12.3 STABLE Act

Markets

US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters

Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S.

U.S. Rep. Rashida Tlaib

Finance

USDC Stablecoin Issuer Centre Hires Wall Street Veteran David Puth as CEO

Centre, the Coinbase- and Circle-founded project that oversees the USDC stablecoin, has hired Wall Street veteran David Puth as its new CEO.

(HFA_Illustrations/Shutterstock)

Finance

Libra Rebrands to 'Diem' in Anticipation of 2021 Launch

The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.

Diem CEO Stuart Levey said the first stablecoin issued by the former Libra Association would be a dollar-backed token, which is pending FINMA approval.

Policy

Stablecoins 'Pose Serious Risks' to Financial Security, ECB's Lagarde Says

Stablecoins could "threaten financial security" if widely adopted, the ECB head said in a magazine interview.

ECB President Christine Lagarde.

Tech

'Basis Cash' Launch Brings Defunct Stablecoin Into the DeFi Era

With Basis Cash, a team of anonymous developers is making what might be called a fork of a project that never launched.

Glacier Klaki Basecamp, Iceland

Policy

BIS Paper Says There's Potential to Embed Regulation Into Stablecoin Systems

The need to regulate global stablecoins like libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.

Bank for International Settlements. Basel, Switzerland.