Stablecoins


Opinion

The Big Issues of Stablecoin Issuance

Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation.

(Markus Winkler/Unsplash, modified by CoinDesk)

Policy

What’s in the House Financial Services Committee’s Stablecoin Bill?

It would ban a future terraUSD, at least temporarily, and create licensing rules for fiat-backed stablecoin issuers.

Rep. Patrick McHenry (R-N.C.) is leading efforts in the House to pass stablecoin legislation (Suzanne Cordeiro/Shutterstock/CoinDesk).

Policy

BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules

The Bank of England plans on releasing a consultation proposal by the end of the year, Jon Cunliffe said at Innovate Finance’s annual global summit.

Bank of England Deputy Governor Jon Cunliffe (Camomile Shumba/CoinDesk)

Opinion

Centralized Stablecoins Are Problematic. Is a Decentralized Alternative on the Way?

USDC and USDT both have issues that truly decentralized, blockchain-based protocols are designed to solve.

(Rachel Sun/CoinDesk)

Policy

Stablecoins Need to Be Regulated Like Commercial Bank Money, Bank of England's Andrew Bailey Says

The central bank governor also said regulators can't rule out central bank digital currencies as the U.K. explores a digital pound.

Bank of England Governor Andrew Bailey (WPA Pool/Getty Images)

Policy

Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto's 'Rough Year'

FTX and banking sector collapses show the need for stronger consumer protection, governance norms, the agency said.

(Bruno Sanchez-Andrade Nuño/Flickr)

Markets

Stablecoin Tether's Market Capitalization Nears Record High of $83B

The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival, Tron.

Market cap of bitcoin and tether (Matrixport Technologies)

Opinion

USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble

The stablecoin offers greater transparency than competitors like USDT but that proved of little value as it was depegged during the recent banking crisis, says J.P. Koning.

Jeremy Allaire, CEO of Circle (CoinDesk)

Markets

Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High

This a type of stablecoin pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer.

All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset. (Unsplash)

Finance

Tether Was a Client of Signature Bank's Signet: Bloomberg

Tether CTO Paolo Ardoino, in response to the Bloomberg article, denied the company has exposure to Signature Bank.

(Nikhilesh De/CoinDesk)