Stablecoins


Policy

Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says

Digital tokens such as tether and Circle’s USDC that are vital to functional crypto markets would have to meet stringent new requirements in legislation that’s close to the finish line.

U.S. Rep. Patrick McHenry, the top Republican on the House Financial Services Committee, and Chairwoman Maxine Waters (Sarah Silbiger-Pool/Getty Images)

Opinion

Circle's Cautious USDC Approach Has Paid Off, Despite Missteps

For years, Circle seemed like an unfocused mess. But making the USDC stablecoin more transparent and regulated than the competition is paying off in a massive way.

Circle CEO and founder Jeremy Allaire testifies before the House Financial Services Committee on December 8, 2021 in Washington, DC. Allaire has been among the most proactive crypto leaders in welcoming regulatory oversight – a controversial stance that is paying off in a big way. (Alex Wong/Getty Images)

Policy

UK Regulators to Introduce Rules for Stablecoins in New Markets Bill

The much-anticipated financial services and markets bill to be presented to Parliament includes rules for the use of stablecoins as a means of payment.

U.K. financial regulators are set to introduce rules for stablecoins as payment tools to Parliament. (Scott E Barbour/Getty Images)

Policy

US Treasury Open to Nonbanks Issuing Stablecoins, Official Says

Though regulators called for issuers to be regulated as banks last year, Nellie Liang argues the category is wider than it might seem.

Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, says nonbanks deserve a path to become government-approved stablecoin issuers. (Jesse Hamilton/CoinDesk)

Policy

‘Crypto and DeFi Won’t Disappear’: Hong Kong Monetary Chief

Hong Kong Monetary Authority CEO Eddie Yue tells a G20 meeting that crypto and decentralized finance will remain significant forces.

Hong Kong skyline (Ruslan Bardash/Unsplash)

Policy

Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says

The key legislation that could open a path for stablecoin rules isn’t expected to stick to regulators’ recommendation to insist only banks put out tokens.

Rep. Jim Himes (D-Conn.) is a senior member of the House Finance Services Committee, which is working on stablecoin legislation. (Al Drago/Getty Images)

Policy

Former Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog

The Senate approved the appointment of Barr, an ex-Ripple adviser who served in Obama’s Treasury Dept., as the Fed’s new vice chair for supervision.

Michael Barr (Tasos Katopodis/Getty Images)

Policy

International Standard Setters Publish Guidance on Stablecoin Regulations

The two groups recommend that stablecoins be treated the same as other assets that perform a transfer function.

International standards setters have set global guidelines for stablecoin regulations. (Janine Bolon/Pixabay)

Videos

Bitcoin Below $20,000; Voyager Refund Questions

Bitcoin price sinks below $20K ahead of U.S. CPI data. Voyager users to get back USD deposits; crypto refund plan uncertain. Celsius repays over $113 million in debt, recovers $122 million in collateral. Financial Stability Board highlights stablecoins in work on crypto regulation. Bank for International Settlements says cross-border payments key to CBDC development. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Recent Videos

Policy

Policy Makers Should Get On With Regulating Crypto, BOE’s Cunliffe Says

The Bank of England’s deputy governor said regulators should accelerate crypto rulemaking. If certain risks involving crypto can’t be managed, related activities must be stopped.

The Bank of England (Robert Bye/Unsplash)