Stablecoins


Tech

Returned Funds, Blacklisted Tokens Raise More Questions Than Answers in DeFi's Biggest Hack

The Poly Network attacker has returned $342 million of their $613 million haul. Should token issuers freeze the rest?

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Videos

What’s Behind Bitcoin’s Price Movement?

CoinDesk Director of Data and Indexes Galen Moore discusses the impact of whale movements, signals, and behaviors in the bitcoin market as BTC is now up over 59% year to date. Plus, his reading of trading activity in stablecoin tether and outlook for crypto regulation.

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Markets

Gensler Tells Elizabeth Warren SEC Needs More Authority to Regulate Crypto

Congress should focus on trading, lending and decentralized finance, the securities regulator said.

SEC Chairman Gary Gensler (left) told Sen. Elizabeth Warren (D-Mass.) that his agency needs more authority to properly regulate the crypto market.

Markets

What We Know – and Don’t Know – About Stablecoins’ Dollar Backing

(Updated Oct. 31, 2021) As information disclosed by issuers varies, it’s not easy for investors to make apple-to-apple comparisons.

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Videos

USDC Builder Circle Wants to Become a ‘Full-Reserve National Commercial Bank’

“The Hash” hosts discuss the industry implications for Jeremy Allaire’s Circle, a neo-bank and stablecoin USDC issuer, intending to become “a full-reserve national commercial bank.” “This is an ambitious plan, but the idea of having an FDIC-insured digital asset bank would be very notable for the sector,” host Zack Seward said.

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Markets

Tether Reveals More Details About Its Reserves

Roughly 93% of Tether's commercial paper and certificates of deposit holdings was rated A-2 and above, while 1.5% was rated below A-3.

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Videos

Huobi-Branded HUSD Reveals Breakdown of Reserves: All Held in Cash

The reserves backing Huobi’s HUSD, the eighth-largest stablecoin by market cap, are revealed to be all held in cash in money market accounts in the U.S. This comes as stablecoin issuers have followed each other in increasing transparency.

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Videos

Breaking Down the Market Reaction to Gensler’s Crypto Remarks

Sam Trabucco, co-CEO of quantitative trading firm Alameda Research, breaks down the crypto market activity following SEC Chair Gary Gensler’s remarks at the Aspen Security Forum. Plus, his take on what people are getting wrong about stablecoin tether (USDT).

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Videos

EY Exec.: Gensler’s Aspen Speech a ‘Bullish Signal’ for DeFi

Paul Brody, Global Blockchain Leader at Ernst & Young, responded to SEC Chair Gary Gensler’s speech at the Aspen Security Forum, saying it signals bullish momentum for DeFi on the blockchain ecosystem. Plus, his take on the future of stablecoins, digital dollar, and crypto regulation.

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