Stablecoins


Політика

EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows

The tough approach, originally targeting Facebook’s now-abandoned Libra project, could see rivals to fiat currency outlawed in the bloc after certain thresholds are hit.

Euro banknotes (Elena Popova/Getty Images)

Технології

UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say

Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.

Do Kwon (Terraforms Labs, modified by CoinDesk)

Ринки

Bitcoin Flirts With $30K During Asia Trading Day as Luna Foundation Guard Fights to Defend UST Peg

Glassnode analyst says change in exchange balance is due to LFG using bitcoin reserves to defend stablecoin peg.

CoinDesk News Image

Ринки

UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg

Luna Foundation Guard buying billions of dollars in bitcoin without an infrastructure ready to deploy left Terra’s UST vulnerable to a “Soros-style attack,” an analyst said.

TerraForm Labs founder and CEO Do Kwon (CoinDesk TV, modified by CoinDesk)

Ринки

UST Resumes Spiral After Quiet Day Orbiting 90 Cents

Terra’s shaky stablecoin is prompting calls for closer regulation by key U.S. officials.

TerraUSD (UST) broke its peg, falling below $1 for a second time on Monday and never regaining it. (Clive Mason/Getty Images)

Технології

UST Stablecoin Veers Wildly From Dollar Peg. Here's the Latest

By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021.

CoinDesk placeholder image

Політика

New Fed Report Repeats Warning About Stablecoin Run Risks as UST Loses Peg

The Federal Reserve's biannual report came out on the same day Terra's dollar-pegged UST stablecoin fell below $0.85.

U.S. Treasury Undersecretary for Domestic Finance Nellie Liang is among U.S. officials warning about run risks in stablecoins. (Win McNamee/Getty Images)

Думки

Dr. Doom’s Crypto Embrace? We’re All Just Figuring Things Out

Bitcoin skeptic Nouriel Roubini’s development of a digital currency with Dubai’s Atlas Capital is the latest evidence of an industry that is still evolving.

(Kjetil Ree/Wikimedia Commons, modified by CoinDesk)

Думки

Why We Need Crypto Payments to Work

In a word: competition. This post is part of CoinDesk's Payments Week.

(JP Koning)