Stablecoins


Policy

Federal Reserve’s Powell: We Don’t Want to Strangle Crypto Innovation, but Sector Is a Mess

The central bank's chairman said the Fed is sticking to its warnings that banks should be “quite cautious” about getting involved in digital assets.

Fed Chair Jay Powell Signaled Easier Monetary Policy on Wednesday (Win McNamee/Getty Images)

Policy

Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ

Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says.

(Nikhilesh De/CoinDesk)

Videos

CZ Responds to Forbes Report that Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year

Forbes reports that Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year. In a tweet, Binance CEO Changpeng Zhao, also known as "CZ," responded to the article, stating in part "they referred to some old blockchain transactions that our clients have done." The co-author of the article and Forbes Director of Data and Analytics Javier Paz, responds to CZ's tweet on "First Mover."

Recent Videos

Markets

Crypto Markets Analysis: Stablecoins Trend Lower Despite Bitcoin’s Recent Performance

A shift in the supply of stablecoins could foreshadow crypto’s next move.

(Midjourney/CoinDesk)

Markets

TrueUSD Becomes 5th-Largest Stablecoin as Binance Mints $130M TUSD in a Week

Blockchain data shows crypto exchange giant Binance has been relying increasingly on TUSD following a crackdown on its Binance USD stablecoin by U.S. regulators.

(Danny Nelson/CoinDesk)

Markets

Cryptocurrencies Resilient Despite Weak Stocks, More Regulatory Action: Citi

Stablecoin market caps have stabilized while the percentage of ether in smart contracts continues to rise, a report from the bank said.

(Mario Tama/Getty Images)

Policy

The SEC's Stablecoin Hammer, Courtesy Terraform Labs and Do Kwon

The SEC’s lawsuit against Terraform Labs alleges that terraUSD (UST), and nearly every token it issued, are securities.

Terraform Labs CEO Do Kwon on CoinDesk TV in December.

Policy

Israel's Central Bank Proposes Rules for Stablecoins Including 100% Reserve Requirement

The Bank of Israel also recommends a ban on algorithmic stablecoins if they become widely used for payments.

(Eduardo Castro/Pixabay)

Tech

Chainlink, TrueUSD Start Real-Time ‘Mint Lock’ Verification of Stablecoin Reserves

The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD.

(DALL-E/CoinDesk)