Stablecoin
Circle Invested in 2 Hacked Crypto Companies
CoinDesk’s Brandy Betz revealed Nomad and Slope, which were both victims of multimillion dollar exploits this week, are backed by Circle’s venture capital arm. “The Hash” hosts discuss the fate of the USDC stablecoin-issuer amid increased regulatory scrutiny.
Nomad, Slope Hacks Create New Annoyance for Their Shared Backer Circle Internet Financial
The venture-capital arm of the USDC stablecoin-issuer gave money to Nomad and Slope, which were both exploited this week.
Aave Passes Proposal for Yield-Generating Stablecoin GHO
The fully collateralized stablecoin is native to the Aave ecosystem and will be initially available on the Ethereum network.
US Stablecoin Bill Delayed by Congressional Committee Until After August
The head of an influential House panel said negotiations on the measure won't take place until after the summer recess.
Tether encuentra paridad estable con el dólar tras colapso de Terra
Aunque la stablecoin ha pasado el estrés de mercado con un retorno a la normalidad, persistirán las preocupaciones sobre sus reservas, dijo un trader.
Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets under the latest plan for U.S. legislation still being negotiated by leaders of the House Committee on Financial Services, according to a CoinDesk source. CoinDesk's Nikhilesh De joins First Mover to discuss.
UK Markets Bill Extends Banking Rules to Crypto Assets
The U.K. introduced the bill, which also addresses stablecoins, to Parliament earlier Wednesday, but lawmakers won’t take up the measure until later in the week.
Exchange argentino Buenbit lanza préstamos cripto y planea nueva ronda de inversión tras despidos
Los usuarios de la plataforma podrán retirar hasta US$ 3333 en nuARS, una criptomoneda estable atada al peso argentino, utilizando DAI, de MakerDAO, como colateral.
Argentinian Exchange Buenbit Launches Crypto Loans, Plans New Funding After Layoffs
Users of the platform will be able to withdraw up to $3,333 in nuARS, a stablecoin tied to the Argentinian peso, using MakerDAO’s DAI as collateral.
Circle’s Detailed Reserve Report Shows Only Cash, Short-Term Treasurys Back USDC Stablecoin
The asset breakdown comes at a time when crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.