Stablecoins


Policy

2022 Events Cast 'Serious Doubts' on Stablecoins as Money: BIS Chief

Agustin Carstens, who has previously criticized stablecoins, said they do not benefit from the regulatory requirements and protections that apply to bank deposits.

Agustin Carstens, general manager at the BIS. (Horacio Villalobos/Getty Images)

Policy

How Hong Kong Is Gearing Up to Regulate Stablecoins

Requiring foreign entities that have already issued stablecoins to set up a Hong Kong entity might create complications.

Hong Kong where Tether is headquartered (Ruslan Bardash/Unsplash).

Policy

Many Existing Stablecoins Won’t Meet Forthcoming Global Standards: FSB

The international standard setter's recommendations for regulating crypto and stablecoins are set to be released in July 2023.

(NASA/Unsplash)

Policy

Former CFTC Chairman: SEC Was 'Absolutely Right' to Sue Terraform Labs, Do Kwon

Timothy Massad, now a research fellow at Harvard’s Kennedy School of Government, said U.S. bank regulators have the ability right now to create a framework that could license stablecoin issuers.

Former CFTC Chairman Timothy Massad (CoinDesk TV screenshot)

Policy

Coinbase Exec: US Congress Needs to ‘Step Up’ Its Crypto Regulatory Efforts

Chief Policy Officer Faryar Shirzad said the exchange would “love to register” its two dormant broker-dealers, but the reality is no clear direction has been provided by lawmakers on Capitol Hill.

Coinbase official Faryar Shirzad (Wikimedia)

Policy

State of Crypto: Interpreting the Paxos-Binance Tea Leaves

NYDFS forced Paxos to stop issuing Binance USD. The SEC has said BUSD may be a security. Stay with me here – Paxos may not be the regulatory target.

(Rene Bruun/EyeEm/Getty Images)

Opinion

Dollar Stablecoins Are Great for Users and the US Government

Economist Omid Malekan responds to a recent CoinDesk editorial, arguing that stablecoins are worth the risk.

(Getty Images)

Opinion

Stablecoins Are Not New. So Why Are Regulators Attacking Paxos?

Former Paxos head of portfolio management for BUSD argues that stablecoins can be as safe as regulated financial products like money market funds.

(Brock Wegner/Unsplash)

Policy

Binance CEO Distances Himself From BUSD Stablecoin as Regulators Act

Changpeng Zhao said Binance will continue working with other stablecoin issuers, and that he’s skeptical about claims Circle raised alarm bells with regulators.

Changpeng Zhao, commonly known as "CZ", founder and CEO of Binance, at Davos in 2023. (Casper Labs)

Markets

Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show

Investors are fleeing the Paxos-issued stablecoin even though the firm gave assurances it is fully backed and will be wound down in an orderly manner, one observer said.

Acción regulatoria contra BUSD provoca que los inversores se trasladen a tether. (Brian Merrill/Pixabay)