Stablecoins


Markets

Ethena's Yield Machine Sees $1B Outflows as Crypto Market Cools – But There's Good News

The protocol faced a challenging environment as yields from arbitraging bitcoin and ether funding rates tumbled to near-zero. Even so, its USDe token held steady to its $1 peg.

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Policy

SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins

The SEC said that it may challenge any transactions of distributions involving crypto assets to creditors.

SEC Chair Gary Gensler (Nikhilesh De/CoinDesk)

Finance

Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report

Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit.

Bridge (Charlie Green/Unsplash)

Finance

MakerDAO Is Now 'Sky' as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token

The driving motivation behind the changes was "how to scale DeFi to gigantic size" and grow a decentralized stablecoin, Rune Christensen said in an interview with CoinDesk.

MakerDAO co-founder Rune Christensen (Trevor Jones)

Finance

Stablecoin Issuing System M^0 Employs Fireblocks for Crypto Custody

M^0 allows stablecoin issuers to incentivize distributors, liquidity providers and so on by programmatically sharing yield among an ecosystem of users.

DeFi, T-bill, Yield, Paradigm

Finance

Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group

Tether plans to seek licensing for the stablecoin under the U.A.E. central bank's Payment Token Services Regulation

16:9 UAE dirham (Pixelline studios/Pixabay)

Policy

Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says; USDT Issuer Claims Sour Grapes

Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the JPMorgan report said.

Tether CEO Paolo Ardoino (Tether)

Markets

Stablecoin Supply Growth Isn't Eating Into Crypto Market Share: JPMorgan

The share of stablecoins versus total cryptocurrency market capitalization is relatively unchanged this year, the report said.

(Shutterstock)

Markets

Tether's USDT and Circle's USDC Combined Supply Grew $3B Amid Crypto Market Rebound

Stablecoins serve a key role in the crypto space and their expanding supply is usually a sign of health of the broader market.

Ethereum ETFs drew in inflows despite ETH's plunge on Monday.(Shutterstock)

Finance

Ripple Begins Testing Its Stablecoin on Ethereum and XRP Ledger

The company said it plans to use both Ripple USD (RLUSD) and XRP for cross-border payments services.

Ripple (Jesse Hamilton/CoinDesk)