Stablecoins


Markets

BNB Token Slides Under $300, Binance USD Inflows Signal Bearish Signs

As per a WSJ report on Sunday, the US Securities and Exchange Commission (SEC) alleges that BUSD is an unregistered security.

Se enviaron a exchanges alrededor de US$52 millones en BUSD en un período de 24 horas. (CryptoQuant)

Policy

SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ

Paxos also faces a probe from the New York Department of Financial Services.

Paxos CEO Charles Cascarilla at Invest 2018 (CoinDesk)

Opinion

Stablecoins Are Not Worth the Risk

Stablecoin issuer Paxos is being investigated by a New York financial watchdog. Regulators should take more action, says Mark Hays of Americans for Financial Reform.

Rep. Patrick McHenry (Shutterstock/CoinDesk)

Policy

Stablecoin Issuer Paxos Is Being Investigated by New York Regulator

The scope of the crypto-related investigation is not yet clear.

Paxos CEO Charles Cascarilla (Danny Nelson/CoinDesk)

Finance

Stablecoin Issuer Tether Reports $700M Profit, Complete Exit From Commercial Paper

Tether's assets as of Dec. 31 stood at $67 billion with liabilities of $66 billion, almost all of which relates to digital tokens issued.

(Shutterstock)

Videos

Money Reimagined: Is 'Public Money' Needed As We Move Into a More Digital World?

On this episode of “Money Reimagined," Michael Casey speaks with Neha Narula, the director of the MIT Digital Currency Initiative to discuss the trends of both digitalization and innovation pertaining to stablecoins, digital currencies and the future of public money. Their conversation was recorded on the sidelines of the World Economic Forum in Davos, Switzerland in January 2023.

Davos 2023

Policy

Nigeria’s Bitcoin Premiums May Better Reflect Country’s Demand for the Dollar, Not Crypto

Nigerians are paying a premium, but probably more for the stability of the U.S. dollar than for bitcoin, an analyst told CoinDesk.

Nigeria's bitcoin premiums are skewed by U.S. dollar exchange rates in the country. (Minchen Liang/Getty)

Policy

Hong Kong to Require Stablecoin Licensing as Early as This Year

Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.

Hong Kong regulator pushes for tougher crypto regulations. (Chester Ho/Unsplash)

Markets

Stablecoins Seem Unattractive as the Gap Between 3pool's APY and Treasury Yields Widens

The annualized percentage yield from providing stablecoin liquidity on Curve's 3pool, also known as DeFi's savings bank account, is nearly 250 basis points less than the yield on the 10-year U.S. Treasury note.

(RosZie/Pixabay)