Stablecoins


Policy

State of Crypto: Stablecoin Rules Are Coming

Regulatory authorities are talking about stablecoins more and more, but it remains to be seen what they’ll actually implement.

Stablecoins are going to continue to be a topic of conversation.

Markets

Presidential Advisory Group Promises Stablecoin Recommendations

The Treasury Department didn't lay out a timeline for when it will publish its recommendations on stablecoin regulation.

Treasury Secretary Janet Yellen "underscored the need to act quickly" on stablecoin regulations, a press release said.

Videos

Morgan Creek Capital Management CEO: ‘[Bitcoin] Price Is A Liar,’ Says He’s Focused on Bitcoin’s Long-term Potential

Despite bitcoin’s short-term downward momentum potentially posing a risk to the cryptocurrency, Morgan Creek Capital Management CEO Mark Yusko still maintains a positive outlook. “[Bitcoin’s] price is a liar,” he said. “I’ve never probably been more bullish on the long-term perspective …

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Videos

Financial Experts: Stablecoins Risky Like ‘Wildcat’ Bank Practices of 19th Century

The world of stablecoins could evolve into one reminiscent of the 19th century’s free banking period in the U.S., according to Yale economist Gary Gorton and U.S. Federal Reserve attorney Jeffery Zhang. "The Hash" hosts discuss whether they agree with this assessment of stablecoins, given the historical context of free banking and what government control of the money supply has done.

Recent Videos

Markets

If Stablecoins Cause Instability, Regulators Have Themselves to Blame

Pseudonymity is a key reason for the emergence of the $110 billion stablecoin market. If regulators are worried about financial stability, they should have some KYC controls.

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Markets

Why Central Bankers Invoke Free Banking to Attack Stablecoins

If you're going to warn people about stablecoins by citing 19th century history, you should at least include the full record, says our columnist.

$5 National Gold Bank Note issued by the First National Gold Bank of San Francisco, California, 1870s.

Videos

Biden Administration Accuses Chinese Hackers of Conducting Ransomware, Cryptojacking Attacks

U.S. President Joe Biden is accusing the Chinese government of supporting cyberattacks, including ransomware, cryptojacking, digital extortion, and theft. CoinDesk's Nikhilesh De discusses the allegations as the White House ramps up its anti-ransomware efforts. Plus, his take on the U.S. Presidential Advisory Group's meeting on stablecoins Monday.

Recent Videos

Videos

EQIFI CEO: Biggest Challenge for Stablecoins Is 'Loss of Faith'

Responding to El Salvador potentially issuing its own stablecoins, Brad Yasar, CEO of EQIFI, a decentralized protocol for pooled lending and borrowing, says the biggest risk of stablecoins is "loss of faith" and "proving to the users that it is truly stable." Plus, what to expect from the presidential working group's meeting on stablecoins and "game-changing" DeFi projects to watch for.

Recent Videos

Policy

Stablecoins Risky Like ‘Wildcat’ Bank Practices of 19th Century, Gorton and Zhang Write

Yale economist Gary Gorton and U.S. Federal Reserve attorney Jeffery Zhang liken stablecoins to a time when private banks issued their own notes.

Stablecoins have been likened to that of "wildcat" banking practices in the U.S. during the 19th century.

Markets

Crypto Long & Short: Crypto Needs More Than VC Interest

Plus: Correcting misconceptions about institutional interest in crypto, and why Circle going public may bring greater regulatory clarity in the U.S. for stablecoins.

Crypto Long & Short July 18