Stablecoins


Policy

BIS Researchers Say Stablecoins Are Failing to Live Up to Promise

For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.

Thumbs down (Markus Spiske / Unsplash)

Policy

UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says

The Financial Conduct Authority on Monday published a discussion paper with proposals for a stablecoin regime.

Matthew Long, director of payments and digital assets at the FCA. (FCA)

Videos

Stablecoin Plans From UK Regulators Is the 'Next Stage' for Crypto Regulation: Legal Expert

Two U.K. financial watchdogs, the Bank of England (BOE) and the Financial Conduct Authority (FCA), have published their plans to regulate stablecoins. Clifford Chance LLP senior associate Laura Douglas discusses the significance of the proposals that aim to a clearer regulatory framework in the U.K. and the previous challenges the country has faced regarding stablecoin rules.

Recent Videos

Videos

UK Financial Watchdogs Reveal Stablecoin Regulation Proposals

Two U.K. financial watchdogs, the Bank of England (BOE) and the Financial Conduct Authority (FCA), have published their plans to regulate stablecoins. Laura Douglas, senior associate at international law firm Clifford Chance, weighs in on the move. "This is really the next stage of the U.K.'s plan to regulate stablecoins and crypto assets more generally," Douglas said. "It's something the industry has been waiting for, for quite some time."

Recent Videos

Policy

U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers

Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation.

Fed Vice Chair for Supervision Michael Barr (Jesse Hamilton/CoinDesk)

Finance

Circle Curbs Stablecoin Minting for Retail Users, Moving Closer to Tether's Practice

The action represents a move towards main competitor Tether's practice to limit access for retail users.

Jeremy Allaire, CEO of Circle (CoinDesk)

Finance

Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans

The USDT stablecoin currently has a market cap of roughly $84 billion.

Tether CEO Paolo Ardoino (Bitfinex)

Policy

Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog

Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.

Globe, World (Kyle Glenn/Unsplash)

Markets

Tokenized U.S. Treasury Market Grows Nearly 600% to $698M as Crypto's RWA Race Intensifies

Ethereum has toppled Stellar as the top blockchain for tokenized government bonds while more recent entrants Solana and Polygon also grew.

Tokenized Treasuries market (RWA.xyz)

Policy

U.K. Publishes Final Proposals for Crypto, Stablecoin Regulation

The government plans to propose legislation on fiat-backed stablecoins by early 2024.

U.K. Treasury Minister Andrew Griffith standing at a lectern