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Stablecoins
Paxos General Counsel on Stablecoin Backings, Risks and Regulations
Paxos, the crypto infrastructure firm behind Paypal, has released a breakdown of reserves of its stablecoins PAX and BUSD for the first time. Paxos General Counsel Dan Burstein discusses the key takeaways, noting differences between Paxos’ products and other stablecoins like USDC and USDT.
US Credit Union Regulator Wants to Know How Its Firms Handle DeFi
The NCUA is asking credit unions to weigh in on how they are interacting with DeFi and DLT.
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.”