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Stablecoins
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.
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.
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.
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.
'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.
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.
Binance Discontinues UK Pound Stablecoin Calling It Just an 'Experiment'
The exchange is discontinuing its own BGBP stablecoin, an "experiment" that obviously wasn't a success.
MakerDAO's DAI Stablecoin Breaks $1B Market Cap
The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer.
US Representatives Rip OCC, Brooks for 'Excessive Focus' on Crypto
Congressional Democrats blasted the OCC and Acting Comptroller Brooks for spending time on crypto during a pandemic.
Kadena Partners With Stablecoin-Maker Terra in Bid to Expand Its DeFi Offering
The hybrid blockchain maker Kadena, said Tuesday it has partnered with Terra and will be adding Terra’s stablecoin luna to its decentralized exchange Kadenswap.
