Stablecoins
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.
Société Générale Applies for $20M MakerDAO Loan Using Bond Token Collateral
In a proposal Thursday on MakerDAO's governance forums, French multinational banking giant Société Générale (SocGen) applied for the DeFi lending platform to accept on-chain bond tokens issued by the bank as collateral for a stablecoin DAI loan for up to $20 million. "The Hash" panel discusses the historic step towards institutional adoption of DeFi.
Circle Names Devron Brown, Former US House Senior Counsel for Fintech, as Director for Global Policy
Brown worked as a lawyer in Congress in 2020.
Fed Chair Powell Says He Has ‘No Intention’ of Banning Crypto
When asked about earlier comments he had made about CBDCs replacing private crypto, Powell said he’d “misspoken.”
Visa Working on Interoperability Platform for Stablecoins and CBDCs
Payments behemoth Visa has proposed a platform to enable interoperability between central bank digital currencies (CBDCs) and other stablecoins. The “universal payments channel” (UPC) aims to allow the cryptocurrencies to be transferred between different blockchain networks.
Why Is Bitcoin Bouncing?
Bitcoin has gained 6.26% to trade near $44,000 one day after exhibiting bearish price action, but why is it bouncing? Senior Trader and President of Wave Financial, Justin Chuh, discusses his crypto markets analysis and outlook.
Pro-Crypto Senator Lummis Says Stablecoins Should Be Audited
A full audit would be more rigorous than the attestations the coins’ two top issuers have produced.
Andreessen Horowitz Leads $5M Bet on Euro Stablecoin Startup Angle
Angle is looking to quell the dollar’s dominance in the stablecoin market.
Is the Dollar Doomed?
In this excerpt from “The Future of Money,” author Eswar Prasad examines the forces – the rise of bitcoin and stablecoins and foreign currency competition – threatening the dollar’s perch as the world’s reserve currency.
Circle Taps Plaid for ACH Payments as USDC Market Cap Hits $30B
The integration looks to provide a smoother process for getting money in and out of crypto.
