Stablecoins


Opinion

Dollar Stablecoins Are Great for Users and the US Government

Economist Omid Malekan responds to a recent CoinDesk editorial, arguing that stablecoins are worth the risk.

(Getty Images)

Opinion

Stablecoins Are Not New. So Why Are Regulators Attacking Paxos?

Former Paxos head of portfolio management for BUSD argues that stablecoins can be as safe as regulated financial products like money market funds.

(Brock Wegner/Unsplash)

Policy

Binance CEO Distances Himself From BUSD Stablecoin as Regulators Act

Changpeng Zhao said Binance will continue working with other stablecoin issuers, and that he’s skeptical about claims Circle raised alarm bells with regulators.

Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)

Markets

Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show

Investors are fleeing the Paxos-issued stablecoin even though the firm gave assurances it is fully backed and will be wound down in an orderly manner, one observer said.

Acción regulatoria contra BUSD provoca que los inversores se trasladen a tether. (Brian Merrill/Pixabay)

Markets

Morgan Stanley: Falling Stablecoin Issuance Is Negative Sign for Crypto Trading

U.S. regulatory efforts are likely to focus on stablecoin regulation, the report said.

(Pixabay, modified by CoinDesk)

Markets

Stablecoin Lender Liquity's LQTY Token Surges 45% as New York Regulator Goes After Paxos' BUSD

Traders look more closely at decentralized censorship-resistant stablecoin lending protocols like Liquity in the wake of regulatory action on Paxos' centralized dollar-pegged cryptocurrency BUSD.

Liquity's LQTY token jumped 45% on Monday. (TradingView/CoinDesk)

Markets

Crypto Traders' Focus on Curve USD Stablecoin Drives Curve Token Price Higher

Tokens related to decentralized stablecoin protocols gained in the past 24 hours following troubles at Paxos’ BUSD offering.

(vlastas/iStock/Getty Images Plus)

Policy

Regulator NYDFS Says Paxos Didn't Administer Binance USD in 'Safe and Sound' Manner: Reuters

The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors.

Adrienne A. Harris, superintendent of the New York Department of Financial Services (NYDFS)