Stablecoins
Fed’s Michael Barr: Crypto ‘Unlikely' to Grow Into Money Substitutes
Federal Reserve Vice Chair for Supervision Michael Barr spoke at a DC Fintech Week event, noting that crypto is "unlikely to grow into money substitutes and become a viable means to pay for transactions" due to the high volatility. Plus, he explains why stablecoins could post potential risks to financial stability.
Bitcoin et au-delà : l'avenir de l'investissement en Cryptomonnaie
Les experts pèsent sur l'avenir de la Crypto monnaie avant la conférence IDEAS de CoinDesk.
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.
Future of CBDCs and Stablecoins
How will CBDCs and stablecoins shape Asia’s digital finance? Answers to this question and other news shaping the cryptocurrency world in this episode of “The Daily Forkast.”
BofA: Crypto Exchange Binance to Benefit From Increased Supply of BUSD Stablecoin
Crypto exchange Binance’s decision to convert all users' investments in stablecoins USD coin (USDC), trueUSD (TUSD) and pax dollar (USDP) into its native binance USD (BUSD) may generate limited additional revenue in the short term, but could have larger implications in the long term, Bank of America reported. "The Hash" hosts discuss what this means for the state of the stablecoin markets.
Why Binance Isn't Converting Tether to BUSD
Binance is converting all investments in USDC, pax dollar (USDP) and trueUSD (TUSD) into its stablecoin Binance USD (BUSD) on Sept. 29. Patrick Hillmann of Binance discusses the change and why Tether won't be moved.
Russia Reportedly Exploring Stablecoin Settlements; Poolin Suspends Withdrawals From Wallet Service
Russia is talking to several friendly countries about launching clearing platforms for cross-border settlements in stablecoins, according to a report from Russian news agency Tass. Bitcoin mining pool PoolinWallet is suspending all withdrawals as it tries to preserve assets and stabilize liquidity. Bitcoin may see another meteoric rally once the dormant supply metric has peaked.