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Stablecoins
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.
The Big Issues of Stablecoin Issuance
Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation.
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.
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.
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.
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.
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.
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.
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.
