Stablecoins


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)

Policy

Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports

Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox.

Hong Kong harbor skyline view into Kowloon

Opinion

In Search of Financial Freedom: The Answer Lies With Bitcoin, Not Stablecoins

"It is not enough to swap one master for another, be it a government or a corporation," Montclair State University adjunct professor Burak Tamaç writes.

Many Turkish citizens are using stablecoins to protect their wealth amid inflation, Burak Tamaç writes. (Stefan Kostoski/Unsplashed, modified by CoinDesk)

Opinion

Does Howard Lutnick Know ‘the Truth’ About Tether?

Speaking at Davos, the Cantor Fitzgerald CEO says the stablecoin issuer has the money to back USDT. Maybe it’s time we all started to believe in Tether, despite the “truthers”?

Tether freezes $225 million worth of its stablecoin (Jorge Salvador/Unsplash)

Finance

Wall Street CEO on Tether Controversy: 'They Have the Money'

Tether's $95 billion stablecoin has been dogged by questions around whether it actually holds the assets it says are backing USDT. Cantor Fitzgerald's Howard Lutnick, whose firm manages money for Tether, says it does.

Cantor Fitzgerald's Howard Lutnick (World Economic Forum)

Policy

Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers

The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.

Hong Kong harbor skyline view into Kowloon

Opinion

2023: A Critical Juncture for the Global Stablecoin Market

Moody’s Senior Director Yiannis Giokas said adoption accelerated this year, despite many destabilizing trends.

Stable Stability Balance (Unsplash)

Policy

Global Banking Regulator Wants Tougher Criteria for Giving Stablecoins Preferential Risk Treatment

The Basel Committee for Banking Supervision wants to tighten requirements that allow stablecoins to qualify as less risky than unbacked cryptocurrencies like bitcoin.

16:9 BIS tower building (BIS)