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Stablecoins
Acala Stablecoins Near $1 Peg After Community Burns 1.2B aUSD Minted by Exploiters
Developers said trace reports were underway to identify the transactions performed by the 16 wallet addresses connected to the exploit.

Polkadot Now Has a Decentralized Version of 'Wrapped' Bitcoin
Interlay introduces a decentralized and trustless wrapped bitcoin bridge for DeFi users on Polkadot who are wary of third-party custodians and merchants.

Chileans Take Refuge in Stablecoins Amid Economic Turmoil
Latin America's steadiest economy in the last three decades is suffering a slump. Locals are turning to crypto for protection.

Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar
Stablesats lets people use Lightning for everyday payments without exposure to short-term volatility.

Singapore's Central Bank to Consult Public on Stablecoin Regulations
The MAS is reviewing rules to deal with the risks of stablecoins, the minister in charge of the bank said.

Why DeFi Giants Aave, Curve May Want Their Own Stablecoins
Stablecoins could drive users and revenue to platforms in a similar way that governance tokens did during the “DeFi Summer” of 2020.

US Senate Republican Seeking Bipartisan Support for Stablecoin Oversight Effort
The ranking Republican on the Senate Banking Committee is talking to Democrats, including Chairman Sherrod Brown, to gain broader support.

Stablecoin Bill Officially Delayed Past August, Rep Maxine Waters Says
The legislation that could establish U.S. regulations for stablecoins has formally been delayed until after the August congressional break, according to Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the latest timeline for the bill.
