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Stablecoins
USDC on Tron Blockchain Surpasses $100M 2 Days After Public Unveiling
The circulating supply of stablecoin USD coin (USDC) on Justin Sun's Tron blockchain has surpassed 108 million in less than a month. Some say this indicates that crypto traders are increasingly turning to blockchains that provide cheaper transaction fees with faster speed than what's found on Ethereum. "The Hash" hosts explore the continuing growth of stablecoins and whether USDC is set to defeat tether (USDT) as the dominant stablecoin.
Ohio Congressman: Bitcoin Poses No Threat to US Dollar
Rep. Warren Davidson, Ohio Congressman and House Financial Technology Task Force Ranking Member, discusses the contentious crypto conversations in Congress: Bill Foster proposing cryptographic backdoors to reverse crypto transactions. "Foster's clearly on one side, and I'm on the other," Davidson said. He also explains how closely lawmakers are focusing on the role of stablecoins on exchanges, suggesting tether (USDT) should be regulated as a security measure. Plus, reactions on the rise of central bank digital currencies (CBDCs) around the world.
Stablecoins Risk a Rerun of Financial Crises Past
We shouldn't ignore the risks that stablecoins potentially pose to the financial system, says our columnist.
Fitch Says Rapid Stablecoin Growth Poses 'Contagion Risks'
The Fitch report suggests that the turmoil also could have the potential to spread to traditional markets.
Circle Now Supports USDC Stablecoin on Tron
Tron, which is currently the leading blockchain for Tether’s USDT, is USDC’s fifth network.
Stablecoins to Watch: USDC Could Expand to 10 More Blockchains
USD coin (USDC), a stablecoin currently on four blockchain networks with a market cap of $25 billion, could soon be on as many as 10 more networks, including Tezos. USDC is an Ethereum-based stablecoin managed by the CENTRE consortium, started by fintech firm Circle and crypto exchange Coinbase.
USDC Stablecoin Could Soon Expand to 10 More Blockchains
The stablecoin with a market cap of $25 billion is currently on four networks.
Stablecoins and CBDCs: Private Vs. Public Monetary Innovation
A Federal Reserve official praised stablecoins over CBDCs, yesterday. The debate cuts right to role of government in money.
Fed Vice Chair: 'We Should Be Saying Yes' to Stablecoins
Randal Quarles expressed more support for stablecoins than some of his colleagues.
