Stablecoins


Markets

Circle CEO Claims 'Explosive' Stablecoin Demand From Everyday Businesses

Dollar-backed stablecoins are surging in popularity, and much of the demand is from normal businesses, not just crypto traders, Circle’s CEO said.

Circle founder and CEO Jeremy Allaire

Markets

Market Wrap: Ether Making Big Gains as Stablecoins Proliferate on Ethereum

The Ethereum network has become the place where stablecoins proliferate. Can ether keep rising in price as a result?

Source: CoinDesk BPI

Finance

Libra Scales Back Global Currency Ambitions in Concession to Regulators

The Facebook-spawned Libra Association has scaled back its original vision of a global digital currency backed by a basket of fiat currencies.

CAPITULATION? U.S. lawmakers grilled Libra board member David Marcus last year. The consortium has overhauled its plans. (Credit: House Financial Services Committee)

Tech

Ethereum Now Matches Bitcoin on One Key Metric

The use of the Ethereum network to move value around has shot to record levels, thanks to the growth of stablecoins.

scales

Tech

Solana Blockchain Adds Korean Stablecoin Terra for Better Payments

Solana is adding the Terra stablecoin in an effort to bring "novel applications that require price-stable payments" to its high-throughput blockchain.

Solana team

Policy

G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins

National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says.

(Shutterstock)

Finance

Banking API Platform Sila Raises $7.7M on Promise of Programmable Money

The $7.7 million round from Madrona Venture Group and others will help Sila bring bespoke stablecoins to fintech entrepreneurs.

Sila CEO Shamir Karkal (left) with CTO Alexander Lipton, Chief Legal Officer Angela Angelovska-Wilson and COO Isaac Hines. (Credit: Sila)

Finance

Chicago's Trading Firms Look to DeFi With New 'Alliance'

DeFi may actually grow during the coronavirus crisis. TD Ameritrade, Cumberland, CMT Digital, DV Trading and Jump Trading are hoping to facilitate.

Imran Khan of Volt Capital is the DeFi Alliance's project lead.

Tech

Coinbase Pumps $1.1M USDC Into DeFi Sites Uniswap and PoolTogether

Coinbase has put $1.1 million in USDC into the pools powering two of the more popular DeFi applications on Ethereum: Uniswap and PoolTogether.

DIVE IN: The Coinbase funding provides liquidity for two of the more popular DeFi dapps on Ethereum. (Credit: Shutterstock)

Markets

Zero Interest Rates Could Hamper the Stablecoin Business

Zero or negative interest rates will force stablecoins to look at their fee structures and cut costs. Only the fittest will survive, says our columnist.

Bank notes from Northern Ireland