Stablecoins
Global Finance Watchdog Says $133B Stablecoin Sector Remains Niche
The Financial Stability Board, a G20 entity that provides recommendations for the global financial system, found stablecoins are not being used at any significant scale for payments at present.
What to Watch in Bitcoin This Week
Bitcoin’s price continues to rise, up more than 4% on the day. Patrick Heusser, head of trading at Crypto Finance AG, discusses his crypto markets analysis and outlook, explaining what he sees as drivers for positive or bullish sentiment around bitcoin.
Blockstream CIO on Tether, Stablecoins, Liquid Network
Reacting to a report claiming Tether loaned out billions of dollars to Celsius and other crypto firms using bitcoin as collateral, Samson Mow, chief investment officer at bitcoin infrastructure firm Blockstream, discusses the increasing regulatory scrutiny over stablecoins, adding it’s “recycled FUD about Tether.”
Morgan Stanley Silvergate Report Sends Crypto-Friendly Bank Up 7%
Morgan Stanley sees potential stablecoin adoption as positive for the bank.
Big Tech-Issued Stablecoins Could ‘Amplify Shocks’ to Financial System, Says ECB Exec
CBDCs could therefore represent “an anchor of stability,” according to a member of the ECB’s executive board.
US Wants to Regulate Stablecoins First
Signs point to stablecoin issuers being more integrated into the banking sector. That could be a good thing.
FSB Says Adoption of Global Stablecoin Regulations Shows ‘Gaps’ and ‘Fragmentation’
The international body said last year’s recommendations on global stablecoin regulation were still at an “early stage.”
US FDIC Said to Be Studying Deposit Insurance for Stablecoins
So-called pass-through coverage would insure the holders of these tokens against losses up to $250,000 if the bank holding the collateral were to fail.
BIS Outlines How Stablecoins Could Comply With International Money Standards
The BIS’s new report contains preliminary guidance for stablecoin arrangements and the regulators that may oversee them.
SEC Subpoenas USDC Stablecoin Backer Circle
Circle said it is “fully cooperating” with the investigation but has declined to elaborate on its scope.
