Stablecoins
ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed
The central banker compared crypto market dynamics to the 2008 financial crisis and called for additional regulation and taxes.
Introducing CoinDesk's Payments Week
Can crypto fulfill its original promise? From Bitcoin’s Lightning Network to stablecoins to gaming and rewards, innovations give hope for the payments use case.
BTC Reacts to Possible Half-Point Rate Rise in May
CoinDesk Managing Editor for Markets Brad Keoun discusses bitcoin’s reaction to recent statements by Fed Chair Jerome Powell about a possible interest rate hike by 50 basis points. Plus, crypto’s environmental impact as Earth Day raises ESG concerns, Justin Sun’s USDD stablecoin project and the best times of day to trade crypto.
Bailout Fund, Backstop or Bouncy Ball? Here's How LFG's Bitcoin 'Reserve' Might Work
Developers of the fast-growing UST stablecoin say the coin's $1 value peg isn't "backed" by anything – just a blockchain-based algorithm. So why does it need a multibillion-dollar bitcoin reserve in case of an emergency? How would that work?
‘Built to Fail’? Why TerraUSD’s Growth Is Giving Finance Experts Nightmares
The Terra/Luna blockchain is growing at a blinding pace. At its heart, according to some critics, is a ticking time bomb.
The Risks Behind LUNA-UST Stablecoin, According to a Bearish Academic
The Terra ecosystem's breakout success may be "unsustainable," University of Calgary law professor Ryan Clements said on CoinDesk TV's “First Mover.”
LUNA Surges 17% as UST Becomes the Third Largest Stablecoin
TerraForm Lab’s UST has become the third-largest stablecoin, meanwhile there’s a 17% spike in the LUNA governance token’s price. “The Hash” group discusses the race to capture the stablecoin market, comments made by Tether’s Paolo Ardoino and the differences between asset-backed and algorithmic stablecoins.
What Are the Risks of Algorithmic Stablecoins?
Finance professionals are becoming increasingly skeptical of algorithmic stablecoins as they surge in popularity. “The Hash” group discusses the systemic risk of these unbacked assets, referencing failed projects like Iron Finance.
UK Crypto Industry Hopes for More Clarity From Planned Stablecoin Rules
A new regulatory package for crypto could clear up some gray areas for digital asset companies around which regulations they should comply with.
