Stablecoins


Opinion

The Fed Is the Wrong Regulator for Stablecoins

The U.S. central bank would be conflicted overseeing stablecoins, because they compete with the Fed's payments infrastructure and with potential CBDCs.

WASHINGTON, DC - SEPTEMBER 17: A statue of an eagle is seen on the Federal Reserve building on September 17, 2024 in Washington, DC. Federal Reserve Chairman Jerome Powell will hold a news conference tomorrow and make an announcement pertaining to interest rates. (Photo by Anna Moneymaker/Getty Images)

Tech

Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian's Director

Robert Liu, a member of the board of Hong Kong-based BiT Global, which was recently added by BitGo as an additional custodian to the bitcoin-on-Ethereum token known as wrapped bitcoin (WBTC), notes in an exclusive interview that Tron founder Justin Sun has come to the aid of customers in the past.

Tron party at Bitcoin Nasvhille (Bradley Keoun)

Policy

Tether CEO Ardoino Says He Expects U.S. Will Catch Up in Crypto Regulation

Paolo Ardoino connected by video to a Washington conference to make a case for how cooperative Tether is being with global governments and how it looks forward to regulation.

Tether CEO Paolo Ardoino appears remotely at a DC Fintech Week event in the U.S. (Jesse Hamilton/CoinDesk)

Finance

Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge

Bridge, which has raised $54 million in funding, previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate

Business deal. (Shutterstock)

Policy

Coinbase to Delist Unauthorized Stablecoins in EU by December

Tether, which is the largest issuer of stablecoins, doesn't have the necessary e-money license yet in the European Union.

Coinbase CEO Brian Armstrong (CoinDesk)

Finance

Tether's USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino

Ardoino said there's more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.

Tether CEO Paolo Ardoino (Tether)

Markets

Open Interest in XRP Zooms to $1B as Ripple Tests RLUSD Stablecoin

Recent activities include minting significant amounts of RLUSD, suggesting the testing phase might be wrapping up or moving into a more active phase of development.

The ability to transfer all PYUSD user funds into PayPal may leave crypto natives hesitant to adopt the stablecoin. Oliver Buchmann/Unsplash)

Markets

Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL

Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Policy

TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing

The California companies were accused by the U.S. Securities and Exchange Commission of misrepresenting the backing of stablecoin TUSD.

The U.S. Securities and Exchange Commission settled fraud accusations with firms associated with Archblock and the TrueUSD stablecoin. (Jesse Hamilton/CoinDesk)

Markets

Stablecoins Are Becoming Systemically Important, Bernstein Says

Stablecoin supply is back to all-time highs with $170 billion in circulation, the report said.

The supply of stablecoins USDT and USDC  grew by $10 billion in a month, 10x research noted. (Shubham Dhage/Unsplash)