Stablecoins


Policy

Big Tech-Issued Stablecoins Could ‘Amplify Shocks’ to Financial System, Says ECB Exec

CBDCs could therefore represent “an anchor of stability,” according to a member of the ECB’s executive board.

ECB image via Shutterstock

Policy

US Wants to Regulate Stablecoins First

Signs point to stablecoin issuers being more integrated into the banking sector. That could be a good thing.

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Policy

FSB Says Adoption of Global Stablecoin Regulations Shows ‘Gaps’ and ‘Fragmentation’

The international body said last year’s recommendations on global stablecoin regulation were still at an “early stage.”

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Policy

US FDIC Said to Be Studying Deposit Insurance for Stablecoins

So-called pass-through coverage would insure the holders of these tokens against losses up to $250,000 if the bank holding the collateral were to fail.

An FDIC sticker on the door of a Chase Bank branch in New York (Ben Schiller/CoinDesk)

Policy

BIS Outlines How Stablecoins Could Comply With International Money Standards

The BIS’s new report contains preliminary guidance for stablecoin arrangements and the regulators that may oversee them.

BIS headquarters in Basil, Switzerland.

Finance

SEC Subpoenas USDC Stablecoin Backer Circle

Circle said it is “fully cooperating” with the investigation but has declined to elaborate on its scope.

Circle founder and CEO Jeremy Allaire

Policy

Republican Congressman Demands Clarity From the SEC on Crypto Regulation

Rep. Patrick McHenry (R-N.C.), ranking member of the House Financial Services Committee, has been pushing for regulatory clarity on digital assets since March.

Representative Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C., U.S., on Thursday, Sept. 30, 2021. The Treasury secretary this week warned in a letter to congressional leaders that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the debt limit. Photographer: Al Drago/Bloomberg via Getty Images

Videos

SEC Subpoenas USDC Stablecoin Backer Circle

Circle, a key supporter of the USDC stablecoin, revealed in a regulatory filing that it received an “investigative subpoena” from the SEC’s Enforcement Division in July, potentially about the assets backing USDC. “The Hash” team discusses the latest escalation by SEC Chairman Gary Gensler’s signaling federal scrutiny of crypto is on the rise.

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Policy

Stablecoin Issuers Could Soon Face Bank-Like Regulations

The Treasury Department’s highly anticipated report on stablecoins is expected to be released in late October.

U.S. Treasury Department (Getty Images)