Stablecoins


Policy

US Stablecoin Report Gets Mixed Reviews From Crypto Industry

Issuers’ reactions ranged from effusive to diplomatic, but lobbyists pushed back against stablecoin recommendations by the President’s Working Group on Financial Markets.

“The crypto industry is trying to walk a fine line between benefiting from the legitimacy provided by government oversight while trying to stay clear of extensive and intrusive regulation," says one academic. (Art Institute of Chicago)

Videos

Circle CEO Jeremy Allaire on Impact of Biden Administration’s Stablecoin Report

The President's Working Group on Financial Markets (PWG) released a report and recommendations on stablecoins, urging lawmakers to subject stablecoin issuers to the same strict federal oversight as banks. Jeremy Allaire, CEO of stablecoin USDC issuer Circle, discusses the report's potential impact on his firm, USDC, and stablecoin regulation.

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Markets

How Yield Farming on Curve Is Quietly Conquering DeFi

Where does Curve’s yield come from and how is it 100 times higher than many rates offered in traditional markets?

(Peter Zelei Images/Moment/Getty Images)

Videos

Biden Administration: Stablecoins Should Be Regulated Like Banks

The long-awaited stablecoin report from the President’s Working Group on Financial Markets (PWG) suggests prudential bank regulators should oversee stablecoin issuers. Rep. Warren Davidson (R-Ohio) shares insights into the U.S. crypto regulatory landscape for stablecoins, custody issues, DeFi, and tether.

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Policy

The US Treasury’s Stablecoin Report Would Treat Issuers Like Banks, but Doesn’t Address How

The U.S. government’s stablecoin report is finally out. Bank regulators are having a big day.

U.S. President Joe Biden (left) and Treasury Secretary Janet Yellen (Chip Somodevilla/Getty Images)

Policy

Why Stablecoin Regulation Isn’t ‘Urgent’

The risks are real, but today’s report looks like a power grab.

WASHINGTON, DC - OCTOBER 06: U.S. Treasury Secretary Janet Yellen (C) listens to President Joe Biden during a hybrid meeting with corporate chief executives and members of his cabinet to discuss the looming federal debt limit in the South Court Auditorium in the Eisenhower Executive Office Building on October 06, 2021 in Washington, DC. Each of the meeting participants spoke in dire terms about the negative national and global economic reaction to Congress failing to raise the limit and the U.S. defaulting on its debt. (Photo by Chip Somodevilla/Getty Images)

Policy

Biden Administration to Congress: Put Stablecoins Under Federal Supervision – Or We Will

If U.S. lawmakers don’t act, regulators have the authority to take their own measures, according to the long-awaited report from the President’s Working Group on Financial Markets.

LEGISLATE, PLEASE: “The current regulatory framework isn’t set up to address some of the new kinds of risks that [stablecoins] could pose,” says Treasury Under Secretary Nellie Liang. (Andrew Harrer/Bloomberg via Getty Images)

Videos

Biden Administration to Congress: Put Stablecoins Under Federal Supervision or We Will

In a highly anticipated report released Monday, a group of U.S. regulators from the President’s Working Group on Financial Markets urged lawmakers to subject stablecoin issuers to the same strict federal oversight as banks. The group also identified three main risks of stablecoins.

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Tech

Three Arrows Capital Backs $10M Raise for DeFi on Cardano

Major DeFi investors piled into the Ardana project, including some that have never invested in Cardano before.

(Alexander Schimmeck/Unsplash)