Stablecoins


Opinion

Does Howard Lutnick Know ‘the Truth’ About Tether?

Speaking at Davos, the Cantor Fitzgerald CEO says the stablecoin issuer has the money to back USDT. Maybe it’s time we all started to believe in Tether, despite the “truthers”?

Tether freezes $225 million worth of its stablecoin (Jorge Salvador/Unsplash)

Finance

Wall Street CEO on Tether Controversy: 'They Have the Money'

Tether's $95 billion stablecoin has been dogged by questions around whether it actually holds the assets it says are backing USDT. Cantor Fitzgerald's Howard Lutnick, whose firm manages money for Tether, says it does.

Cantor Fitzgerald's Howard Lutnick (World Economic Forum)

Policy

Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers

The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.

Hong Kong harbor skyline view into Kowloon

Opinion

2023: A Critical Juncture for the Global Stablecoin Market

Moody’s Senior Director Yiannis Giokas said adoption accelerated this year, despite many destabilizing trends.

Stable Stability Balance (Unsplash)

Policy

Global Banking Regulator Wants Tougher Criteria for Giving Stablecoins Preferential Risk Treatment

The Basel Committee for Banking Supervision wants to tighten requirements that allow stablecoins to qualify as less risky than unbacked cryptocurrencies like bitcoin.

16:9 BIS tower building (BIS)

Opinion

The Tether Killer? A True Stablecoin Would Enhance Banking and Crypto

A U.S. dollar pegged stablecoin backed only by cash in a bank could help expand the money supply without causing inflation and improve the banking sector, attorney Daniel Wheeler argues.

(Pixabay)

Finance

Societe Generale-Backed Euro Stablecoin EURCV Starts Trading on Bitstamp

The listing marks the first time a euro stablecoin issued by a fully regulated bank is available on a cryptocurrency exchange.

SocGen branch

Markets

SocGen to Introduce EURCV Stablecoin, Picks Flowdesk as Market Maker

The stablecoin, EUR CoinVertible, isn't the first based on the euro, but it does have the backing of Societe Generale, a major European financial institution.

EU considers digital euro (Immo Wegmann/Unsplash)

Consensus Magazine

PayPal's Jose Fernandez da Ponte: Stablecoins for All

The payments giant debuted its own Ethereum-based U.S. dollar stablecoin this year, offering serious competition to existing market leaders such as Tether's USDT and Circle's USDC.

Mason Webb/CoinDesk