Stablecoins


Policy

BIS Outlines How Stablecoins Could Comply With International Money Standards

The BIS’s new report contains preliminary guidance for stablecoin arrangements and the regulators that may oversee them.

BIS headquarters in Basil, Switzerland.

Finance

SEC Subpoenas USDC Stablecoin Backer Circle

Circle said it is “fully cooperating” with the investigation but has declined to elaborate on its scope.

Circle founder and CEO Jeremy Allaire

Policy

Republican Congressman Demands Clarity From the SEC on Crypto Regulation

Rep. Patrick McHenry (R-N.C.), ranking member of the House Financial Services Committee, has been pushing for regulatory clarity on digital assets since March.

Representative Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C., U.S., on Thursday, Sept. 30, 2021. The Treasury secretary this week warned in a letter to congressional leaders that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the debt limit. Photographer: Al Drago/Bloomberg via Getty Images

Videos

SEC Subpoenas USDC Stablecoin Backer Circle

Circle, a key supporter of the USDC stablecoin, revealed in a regulatory filing that it received an “investigative subpoena” from the SEC’s Enforcement Division in July, potentially about the assets backing USDC. “The Hash” team discusses the latest escalation by SEC Chairman Gary Gensler’s signaling federal scrutiny of crypto is on the rise.

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Policy

Stablecoin Issuers Could Soon Face Bank-Like Regulations

The Treasury Department’s highly anticipated report on stablecoins is expected to be released in late October.

U.S. Treasury Department (Getty Images)

Videos

Société Générale Applies for $20M MakerDAO Loan Using Bond Token Collateral

In a proposal Thursday on MakerDAO's governance forums, French multinational banking giant Société Générale (SocGen) applied for the DeFi lending platform to accept on-chain bond tokens issued by the bank as collateral for a stablecoin DAI loan for up to $20 million. "The Hash" panel discusses the historic step towards institutional adoption of DeFi.

Recent Videos

Policy

Fed Chair Powell Says He Has ‘No Intention’ of Banning Crypto

When asked about earlier comments he had made about CBDCs replacing private crypto, Powell said he’d “misspoken.”

Fed Chair Jerome Powell (Sarah Silbiger/UPI/Bloomberg via Getty Images)

Videos

Visa Working on Interoperability Platform for Stablecoins and CBDCs

Payments behemoth Visa has proposed a platform to enable interoperability between central bank digital currencies (CBDCs) and other stablecoins. The “universal payments channel” (UPC) aims to allow the cryptocurrencies to be transferred between different blockchain networks.

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