Stablecoins
Former Ripple Execs to Launch Micropayments Platform to Tackle Transaction Fees
The pingNpay platform will use local currency-backed stablecoins to power microtransactions at a fraction of the cost of typical debit card-based payments.
US Treasury Officials, Financial Industry Executives Met to Discuss Stablecoins: Report
In meetings this week, the officials and executives discussed regulation and related topics.
Former CFTC Commissioner Brian Quintenz Joins A16z, Shares Outlook on Crypto Regulations
As federal regulations around cryptocurrencies come into focus, Brian Quintenz, who stepped down from the CFTC at the end of August, shares his take on the evolving U.S. crypto regulatory landscape. He explains the relationship between the SEC and CFTC, outlook for stablecoin regulation and reactions to SEC cracking down on Coinbase. Plus, his plan to help the regulators understand crypto after joining venture capital firm Andreessen Horowitz (a16z) as a part-time advisor.
BIS Signals Central Banks to Start Work on CBDCs
The head of the BIS Innovation Hub says central banks must retain the ability to uphold financial stability.
Former Libra Director Joins Polkadot Builder
Bertrand Perez, the former chief operating officer (COO) of the Facebook-backed Diem stablecoin project, is joining the Web3 Foundation, a backer of the Polkadot blockchain, as COO. "The Hash" group discusses what this could signal about the future of Diem and Polkadot and the possible impact on stablecoin regulation.
UXD Raises $3M to Bring Algorithmic Stablecoins to Solana
The team behind the interest-generating UXD is backed by Multicoin Capital, Alameda Research and the Solana Foundation.
LedgerX CEO on Acquisition by FTX.US in Bid for U.S. Crypto Derivatives
Zach Dexter, co-founder and CEO of LedgerX, discusses what’s next for his crypto derivatives firm as it readies to become a wholly-owned subsidiary of Sam Bankman-Fried’s FTX.US by October.
Avanti Bank CEO on Why It’s Important to Become a Federal Reserve Member Bank
Caitlin Long, founder and CEO of Wyoming-based Avanti Bank, a special purpose depository institution (SPDI) that aims to provide crypto custody services for institutional investors, discusses Avanti’s journey to becoming a Federal Reserve member bank. Plus, insights into the U.S. crypto regulatory landscape, private stablecoins, and Avanti’s new digital asset Avit.
Regulating Stablecoins for What They Are
Stablecoins redefine the nature of money. Stop trying to regulate them as if they are nothing new.
