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Stablecoin
Fmr Saxo Bank CEO on Crypto and Equities Market Performance
Concordium Blockchain founder and former Saxo Bank CEO Lars Seier Christensen discusses crypto’s correlation with the equities market as bitcoin trades near $21,000 amid recession fears. Plus, insights on why investors are speculating against algorithmic stablecoins like USDT and USDD’s depegging.
NFT, Private Wallet Fates Hang on EU Crypto Talks This Week
Officials could this week finalize controversial privacy and licensing rules for the sector – once they decide how to treat NFTs and unhosted wallets.
Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report
The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said.
Tether to Issue Sterling-Pegged Stablecoin, GBPT
The token will be pegged 1:1 to the British pound and will launch in July.
CBDCs, Not Crypto, Will Be Cornerstone of Future Monetary System, BIS Says
A 42-page chapter in the Bank for International Settlements’ annual economic report envisions a future where programmability and tokenization are built on top of central bank digital currencies.
First Mover Asia: A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K
The token is a version of China’s currency designed for offshore use; other cryptos are mixed in light trading.
Luna Only Makes Bermuda Love Stablecoins More
Digital assets are the future, Bermuda Premier David Burt said during the Consensus 2022 conference. He’s not worried about his country being shut out by jurisdictions like the EU.
Tron's TRX Jumps as DAO Deploys $220M for Token Purchase
Tron’s TRX token rose as much as 27% in the past 24 hours as its ecosystem stablecoin decentralized USD (USDD) inched closer to its intended $1 peg. “The Hash” group discusses founder Justin Sun injecting over $2 billion this week to support the Tron market.
Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads
Investors pulled out about roughly $1.6 billion this week from Tether’s dollar-pegged USDT stablecoin, according to price tracker CoinGecko. “The Hash” group discusses the outlook for the stablecoin market after the Terra’s UST meltdown.
Kevin O'Leary: We're Not at Crypto Market Bottom Yet
“Shark Tank” host and WonderFi Strategic Investor Kevin O’Leary explains why he believes the current downturn in the crypto markets isn’t over just yet. He also discusses Celsius freezing withdrawals for users, the Luna collapse, and future of stablecoin regulation in the United States.