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Stablecoins
Circle Expands USDC Stablecoin to Five New Chains, Unveils Cross-Chain Transfer Protocol
Circle aims to bolster USDC’s market position as competition with rival issuers Tether, Binance is heating up and decentralized finance platforms are crafting their own native stablecoins.
Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin
Collateralized USDC is assuming a role formerly held by Terra’s algorithmic UST stablecoin – raising questions as to whether decentralized finance can mature with decentralized money at its core.
Lightning Labs Releases Software to Allow Bitcoin Developers to Mint and Transfer Assets on the Blockchain
The alpha version of Taro will make it possible to create peer-to-peer Bitcoin and Lightning-native stablecoins.
Tron Founder Justin Sun Thinks Crypto Could Learn Something From TradFi
“We want our 100 million customers to know that we really take their money and their data seriously,” he said in an interview with CoinDesk.
Industry Offers Cautious Welcome to EU’s Landmark Crypto Law MiCA
A near final leaked text is fuzzy on NFTs and could strangle the stablecoin market, some worry, but the overall reception to the bill appears to be positive.
Tether's Former Auditor Fined $1M by SEC for Sloppy Accounting
Friedman LLP, a New York-based accounting firm that provided auditing services for the stablecoin issuer in 2017 is accused of “serial violations of the federal securities laws” and “improper professional conduct.”
Bank of America Says Cryptocurrencies Continue to Act as Risk Assets
Ether continues to slide as investors shift to a wait-and-see approach regarding future upgrades, the bank said in a research report.
California 'BitLicense' Bill Vetoed by Gov. Gavin Newsom
The bill would have created a crypto licensing regime and set up rules for stablecoins.
JPMorgan Chase CEO Calls Crypto Tokens ‘Decentralized Ponzi Schemes'
JPMorgan Chase CEO Jamie Dimon said in congressional testimony that crypto tokens like bitcoin are "decentralized Ponzi schemes.” "The Hash" panel discusses his skepticism toward cryptocurrencies and comments on stablecoins.
