Stablecoins


Finance

Tether Enters Latin America With Mexican Peso-Pegged Stablecoin

The country’s multibillion-dollar remittances business and difficulties in transferring money create a “unique opportunity," the company said.

Bandera de México. (Alexander Schimmeck/Unsplash)

Markets

Crypto Whales Ditched Tether for USDC After Stablecoin Panic

The UST failure prompted large investors on the Ethereum blockchain to leave USDT for the perceived safety of its biggest competitor.

(CoinMetrics)

Policy

OCC Chief Hsu: Crypto Industry Has Unhealthy ‘Dependency on Hype’

The acting head of the U.S. Office of the Comptroller of the Currency has worked to limit banks’ involvement in cryptocurrencies.

Michael Hsu criticizes crypto at an industry-sponsored event in Washington, D.C. (Jesse Hamilton for CoinDesk)

Markets

First Mover Asia: Terra's Difficult Post-Collapse Path: VCs Backing Away, Regulators Jumping on Stablecoins

Some investors see salvageable pieces in the rubble while others are bemoaning their involvement and want to forget the protocol ever existed; bitcoin edges up in weekend trading.

(Javardh/Unsplash)

Layer 2

Justin Sun Still Thinks Algorithmic Stablecoins Are a Good Idea

The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”

Justin Sun on CoinDesk TV’s “First Mover” (CoinDesk TV, modified by CoinDesk)

Policy

Crypto Should Meet Same Norms as Regular Finance, G7 Says

Finance ministers want to see financial stability and money-laundering standards in effect soon, citing recent market turmoil.

(Bet Noire/Getty images)

Policy

UK Regulator to Consider Terra Coins’ Collapse in New Crypto Rules: Report

Market instability in stablecoins will need to be taken into account, the FCA's executive director for markets said.

The U.K.'s financial regulator will consider Terra when it puts together new crypto regulations. (Ramberg/Getty Images)