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Stablecoins
Circle’s Disparte Calls CBDCs ‘a Preposterous Idea’ in Digital Dollar Debate
The stage at Consensus 2022 erupted with an intense dispute over the future of a Fed-managed digital currency.
Litecoin Gets the Boot; India’s Tax Typo
Litecoin kicked out of South Korean crypto exchanges.Indian government clarifies crypto tax cut to 0.1% was a ‘typo’ error.Veteran investor Jim Rogers weighs in on the future of stablecoins. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
New York’s Crypto Regulator Publishes Formal Stablecoin Guidance
NYDFS laid out strict reserve and attestation requirements for stablecoin issuers in an effort to better protect consumers and financial institutions.
Citi Says Crypto Market Volatility Has Affected User Adoption
Concerns about stablecoins following UST’s collapse have exacerbated declines in digital asset prices, the bank said.
Why Latin American Crypto Exchanges Are Doubling Down on Yield Products
Despite inflation and macroeconomic instability, regional companies offer interest rates of up to 15% on different stablecoins, well above their global competitors.
Fireblocks Deepens Payments Push With Checkout.com USDC Settlement
Merchants will be able to settle transactions through USD coin with Fireblocks’ payment technology.
Japan Passes Landmark Stablecoin Bill for Investor Protection: Report
The new legal framework will take effect in a year.
FTX’s Harrison Says Stablecoin Demand Will Survive Terra's Collapse
The head of one of the largest crypto exchanges in the U.S. said fiat-backed stablecoins are still reliable and not risky.
Undercollateralized USDN Stablecoin Needs Tweaking, Waves Founder Says
“We have to work on the algorithm” after several depeggings from the dollar, Sasha Ivanov said on CoinDesk TV’s “First Mover” program.
The Rise and Fall of Terra vs. Bitconnect
CoinDesk’s Nikhilesh De discusses how the $14 billion crash of Luna Foundation Guard’s Terra protocol compares with the $2.4 billion global Bitconnect Ponzi scheme. Plus, CoinDesk’s Sam Kessler on what the future holds for stablecoins.