Stablecoins


Markets

New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report

The central banker said fiat money is more credible than stablecoins because it has the power of government behind it.

Auckland, New Zealand (Dan Freeman/Unsplash)

Policy

UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say

Industry groups argue they see inconsistencies in regulatory plans by the Bank of England and the Financial Conduct Authority.

Crypto lobbying groups are arguing the Bank of England and the Financial Conduct Authority should rethink some of their ideas for regulating stablecoins. (Jesse Hamilton/CoinDesk)

Markets

Diversifying Stability: Stablecoins Finding Home Beyond the Greenback

Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.

(Tbel Abuseridze/Unsplash)

Opinion

The Big Misunderstanding: What MiCA Really Means for Stablecoins in Europe

The EU's comprehensive crypto guidance does not introduce entirely new regulations for fiat backed stablecoins, former central banker Jón Egilsson writes. Instead it affirms existing rules that many current issuers are not yet following.

Europe (Claudio Schwarz/Unsplash)

Policy

Treasury Secretary Yellen Says U.S. Needs Better Stablecoin Regulation

"A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset," she told lawmakers on Tuesday.

Treasury Secretary Janet Yellen (Win McNamee/Getty Images)

Policy

Treasury Secretary Janet Yellen Warns of Crypto Risks

Yellen is set to tell U.S. lawmakers that the FSOC is especially wary of stablecoins and the potential for digital asset runs.

U.S. Secretary of the Treasury Janet Yellen is set to warn lawmakers about crypto hazards to financial stability. (Jesse Hamilton/CoinDesk)

Markets

Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says

Other stablecoins such as USD Coin may benefit from the coming regulatory crackdown and gain market share, the report said.

(Nikhilesh De/CoinDesk)

Finance

Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap

The stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.

Tether CEO Paolo Ardoino (Tether)

Tech

Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities

Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.

(Sandali Handagama/ CoinDesk)

Policy

A Backdoor Regulatory Option Haunts U.S. Crypto

If all else fails with Plan A for setting up stablecoin rules with legislation, the industry's Republican allies in Washington have revealed their worry the Federal Reserve could step in.

Treasury Secretary Janet Yellen chairs the Financial Stability Oversight Council, which has warned it might take action on stablecoins if Congress doesn't. (Samuel Corum/Getty Images)