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Stablecoins
Tether General Counsel Tells CNBC Audit Is 'Months' Away
A day after rival stablecoin issuer Circle released more data about the assets behind USDC, Tether executives went on CNBC’s online show Tech Check to answer questions about its own token, USDT.
Argentina's Misiones Province Plans to Issue Its Own Stablecoin
If issued, Misiones' stablecoin will be used as a financing and transaction tool with private and public entities.
Paxos Reveals Assets Backing Stablecoins PAX, BUSD
Paxos's reserves consisted of only cash and U.S. Treasury bills.
SEC Chair Hints Some Stablecoins Are Securities
Stock tokens and stablecoins backed by securities might be treated as securities under U.S. law, SEC Chair Gary Gensler said.
Bitstamp Adds Support for Euro-Backed Tether Stablecoin Amid Increasing Demand
Access to EURT will save Bitstamp's euro users time and money without a loss of purchasing power, a Bitstamp executive said.
US Patent Granted to Stablecoin Concept Backed by Government Debt
Unlike fiat currency-pegged stablecoins, Yuga Coin intends to be solely pegged to government debt such as bonds and Treasury notes.
‘Bitcoin Boomer’: EU Proposing Ban on Anonymous Crypto Transactions ‘Not That Big of An Issue’
“Bitcoin Boomer” Gary Leland, the founder of the BitBlockBoom Bitcoin Conference, discusses why European Union (EU) policymakers proposing tighter regulation of crypto transfers is “not that big of an issue.”
Circle: USDC Backed 61% by Cash and Cash Equivalents
In its latest attestation report, global payments company Circle revealed Tuesday about 61% of its stablecoin USDC is backed by “cash and cash equivalents,” meaning cash and money market funds. “The Hash” panel discusses Circle’s breakdown of its asset reserves, at least partially answering swirling questions about how USDC is supported.
Yellen Urges Federal Agencies to ‘Act Quickly’ on Stablecoin Regulation
Treasury Secretary Janet Yellen convened a meeting Monday of the President’s Working Group on Financial Markets (PWG) to discuss stablecoins. CoinDesk’s Nikhilesh De shares the key takeaways, proposing the regulatory outcome. Plus, his take on Mastercard potentially testing USDC for payments.