Stablecoin
NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access
Funds structured as stablecoin issuer Circle’s BlackRock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules.
Rep. McHenry on Future of Crypto Regulation
Republicans on the House Financial Services Committee are taking another shot at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joins "First Mover" to discuss his outlook for regulating stablecoins and the broader digital asset industry. Plus, his take on SEC Chair Gary Gensler's approach to consumer protection and the Europe's landmark Markets in Crypto Assets (MiCA) framework.
Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield
The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.
Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum
EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets.
Breaking Down House Financial Services Committee’s Stablecoin Bill Framework
The House Financial Services Committee has unveiled a draft of its stablecoin legislation, proposing a framework for issuers such as Circle and Tether to define how state and federal entities can regulate their offerings. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the potential timeline for the legislative process and what to expect from the upcoming hearing on stablecoins.
Israel's Central Bank Outlines Scenarios for Issuing a Digital Shekel
The bank hasn't decided yet whether to issue a central bank digital currency.
U.S. House Committee Publishes Draft Stablecoin Bill; CME to Add New Crypto Offerings
The U.S. House Financial Services Committee published a draft version of a potential landmark stablecoin bill, with proposals including a moratorium on stablecoins backed by other cryptocurrencies and a request to study a central bank digital currency (CBDC). Separately, derivatives marketplace Chicago Mercantile Exchange (CME) is adding to its cryptocurrency offerings with daily expirations for bitcoin (BTC) and ether (ETH) futures options contracts.
Draft U.S. Stablecoin Bill Shows Major Difference Between Stablecoins and CBDCs
CoinDesk columnist and "All About Bitcoin" host George Kaloudis explores Washington, D.C.’s, love affair with central bank digital currencies.
La bozza di legge statunitense sulle stablecoin mostra una grande differenza tra stablecoin e CBDC
L'editorialista CoinDesk e conduttore di "All About Bitcoin" George Kaloudis esplora la storia d'amore di Washington, DC, con le valute digitali delle banche centrali.
El borrador del proyecto de ley sobre monedas estables de EE. UU. muestra una gran diferencia entre las monedas estables y las CBDC
El columnista de CoinDesk y presentador de "All About Bitcoin", George Kaloudis, explora la historia de amor de Washington, DC con las monedas digitales de los bancos centrales.