Stablecoins


Markets

Crypto Lender Maker Turns to Staked Ether to Reduce USDC Influence

The development is part of a move away from centralized crypto products such as stablecoins.

Venture capital firm Variant commits $450 million to its third crypto-focused fund. (Horst Schwalm/Pixabay)

Policy

Latin Americans Turning to Dollar Stablecoins Amid Inflation Surge: Paxos

Latin Americans already see dollar-backed stablecoins as more secure than their own currencies, according to a new study.

(Shutterstock)

Videos

BofA: Crypto Exchange Binance to Benefit From Increased Supply of BUSD Stablecoin

Crypto exchange Binance’s decision to convert all users' investments in stablecoins USD coin (USDC), trueUSD (TUSD) and pax dollar (USDP) into its native binance USD (BUSD) may generate limited additional revenue in the short term, but could have larger implications in the long term, Bank of America reported. "The Hash" hosts discuss what this means for the state of the stablecoin markets.

Recent Videos

Videos

Why Binance Isn't Converting Tether to BUSD

Binance is converting all investments in USDC, pax dollar (USDP) and trueUSD (TUSD) into its stablecoin Binance USD (BUSD) on Sept. 29. Patrick Hillmann of Binance discusses the change and why Tether won't be moved.

Recent Videos

Markets

Crypto Exchange Binance to Benefit From Increased Supply of Its Own Stablecoin, BofA Says

The automatic conversion of other stablecoins could increase the supply of binance USD by $908 million, the bank said.

(Shutterstock)

Policy

US Treasury to Recommend Issuing Digital Dollar if in National Interest: Source

The Treasury Department, in what may be its most important recommendation spurred by President Joe Biden’s executive order on crypto, will suggest how to move forward on a CBDC.

The U.S. Department of the Treasury hasn't yet held any cross-agency meetings to discuss the fallout of UST's struggles. (Jesse Hamilton/CoinDesk)

Layer 2

Why Crypto Isn't a Tool for Protest in Argentina

The idea that growing stablecoin use can offer a solution to Argentina's persistent economic and political problems doesn't accord with reality, says Leah Callon-Butler after a recent visit.

Protesters in Buenos Aires, Argentina (Leah Callon-Butler/CoinDesk)

Finance

Fed Vice Chair Brainard Calls for Crypto-Specific Regulations, Notes Stablecoin Risks

While crypto "has all the same risks that we’re very familiar with from traditional finance,” its quirks need tailored solutions, Lael Brainard said.

Federal Reserve Governor Lael Brainard (Drew Angerer/Getty Images)

Policy

A Stablecoin Law May Not Happen This Year

It’s looking less likely that we’ll get stablecoin legislation in the U.S. this year.

(Thomas Winz/Getty Images)