Stablecoins


Markets

TrueUSD's Borrowing Rates Jumped to 100% as TUSD Soared to $1.20: Kaiko

Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg.

TUSD depegged temporarily due to low liquidity. (Kaiko)

Videos

Number of Stablecoins Held on Exchanges Drops to 2-Year Low: Glassnode

The number of stablecoins, or dollar-pegged cryptocurrencies, held in addresses tied to centralized exchanges extended its decline to reach the lowest since May 2021 in a sign of increasing investor aversion to risk, according to Glassnode. Matrixport's Head of Research and Strategy, Markus Thielen, weighs in on the current state of stablecoins.

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Markets

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%.

La cantidad de criptomonedas vinculadas al dólar estadounidense depositada en billeteras de exchanges cayó a su nivel más bajo desde mayo de 2021. (Glassnode)

Opinion

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.

Christopher Giancarlo (Shutterstock/CoinDesk)

Policy

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.

EBA chief José Manuel Campa (ECB/Flickr)

Tech

Circle Unveils New Method for Moving USDC Between Blockchains

The cross-chain transfer protocol seeks to improve liquidity of the major crypto payments rail.

A CCTP demo at Circle’s Consensus 2023 booth in Austin, Texas (Danny Nelson/CoinDesk)

Finance

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.

Jeremy Allaire, CEO of Circle (Danny Nelson/CoinDesk)

Consensus Magazine

Introducing CoinDesk’s ‘Consensus at Consensus’ Project

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

At Consensus 2023, CoinDesk is tackling the biggest issues in crypto through intimate conversations with many of the industry's best and brightest (CoinDesk)

Policy

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.

Key U.S. lawmakers met Thursday to talk about how to advance stablecoin legislation. (Jesse Hamilton/CoinDesk)

Opinion

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?

(Walter Zerla/Getty Images)