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Stablecoins
Number of Stablecoins Held on Exchanges Slips to 2-Year Low
While stablecoins' exchange balance has dropped by 44% this year, bitcoin's price has rallied by 70%.

The U.S. Should Lead the Digital Future of Money
In his speech ay CoinDesk’s Consensus festival Wednesday, Chris Giancarlo, the head of the non-profit Digital Dollar Project, said a U.S. central bank digital currency is too important to be left to central bankers to design. Money is a social issue requiring broad-based public engagement.

Stablecoin Reserves Need to Be Diverse, EU Bank Agency Chief Says
The European Banking Authority's José Manuel Campa urged crypto players to start managing risks immediately as new rules take effect.

Circle Unveils New Method for Moving USDC Between Blockchains
The cross-chain transfer protocol seeks to improve liquidity of the major crypto payments rail.

USDC Stablecoin Strengthened by U.S. Banking Crisis in March, Circle CEO Says
The stablecoin issuer has upgraded its market infrastructure after its stablecoin lost its dollar peg.

Introducing CoinDesk’s ‘Consensus at Consensus’ Project
Intimate group discussions at Consensus 2023 will seek solutions to the crypto industry’s thorniest challenges.

House Republicans Make Case on Stablecoin Bill After Democrats Called for Do-Over
Their latest draft legislation sets up shared federal and state oversight and says stablecoins aren’t securities, but it’s uncertain what bipartisan support the effort will find.

Is Europe’s MiCA a Template for Global Crypto Regulation?
Formally enacted Thursday, the EU’s Markets in Crypto-Assets Regulation is the most comprehensive framework of its kind. How will it influence how non-EU states regulate digital assets?

Rep. French Hill Addresses Significance of Stablecoin Legislation
Rep. French Hill (R-Arkansas) addresses the potential uses of stablecoins in the payment system and the significance of clear legislative framework in his opening remarks at the House Financial Services Subcommittee's hearing.

Democrats Blast Draft Stablecoin Bill in First 2023 Hearing on Issue
Despite Republican House committee leaders publishing a draft bill and talking about progress, it hasn't been on the bipartisan level required for an eventual law, lawmakers said in a hearing Wednesday.
