Stablecoins
First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins
So-called stablecoins like tether and USDC are $1 tokens in theory, but a complex arbitrage transaction seems to have netted one trader an 89% profit in just minutes.
Unpacking the Avit, Avanti Bank's New Digital Asset Being Built With Blockstream
Avanti says the Avit will not encounter the legal, accounting or tax hurdles of stablecoins, but it’s not yet clear where the asset will fit under U.S. law.
First Mover: After Falling 65% This Year in Bitcoin Terms, Do 'Stablecoins' Need a Rebranding?
So-called stablecoins have been tanking in bitcoin terms lately. Should we be calling them "crypto-dollars" instead?
BCB Group Teams With Circle to Offer EU Institutions USDC Stablecoin Settlement
BCB Group will integrate with Circle's platform in a bid to make the USDC stablecoin more widely available.
Binance Says Licensed Entities Can Now Use Its Stablecoin After Watchdog Approval
NYDFS has added Binance USD to its approved list, cutting away most of the red tape around custody and listing of the stablecoin.
Russia's Sberbank Launches Blockchain on Hyperledger, Mulls Stablecoin in 2021
Russia's largest retail bank is launching a Hyperledger-powered blockchain for trade finance initially, and may add a ruble-linked stablecoin next year
Circle Gets $25M From DCG to Drive USDC Mainstream
USDC backer Circle is teaming with Genesis Trading in a $25 million deal aimed at pushing the stablecoin to the fintech masses.
Proof-of-Stake Chains Team Up to Prove DeFi Is Bigger Than Ethereum
Terra is joining forces with Cosmos, Web3 Foundation and Solana to roll out a DeFi product meant for a wider consumer audience. Meet Anchor.
Australian Payment Card Company to Trial Micropayments Using Hedera Hashgraph
Eftpos Australia is using Hedera Hashgraph to trial a micropayments system that could rival traditional online methods.
Are Stablecoins Eurodollars 2.0? Long Reads Sunday
Long Reads Sunday features two essays previously published on CoinDesk that show the trajectory of stablecoins in the global economy in 2020.
