Stablecoins
Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly
Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD.
Gnosis Lets Crypto Users Make Everyday Purchases From Wallets With Visa
The crypto-based debit card will allow web3 users to use their stablecoins to pay for products in everyday life.
Future of Crypto Regulation in the UK
The landmark Markets in Crypto Assets (MiCA) law is set to take effect in 2024. So how could this impact the United Kingdom? CoinDesk UK regulatory reporter Camomile Shumba discusses the latest developments, after a UK bill giving regulators the power to supervise crypto and stablecoins was approved by King Charles last month.
Former CFTC Chair Massad: Our Hand Will Be Forced 'Sooner or Later' on Stablecoin Regulation
Tim Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School, weighs in on the state of crypto regulation in the U.S., Massad said "our hand is going to be forced sooner or later on doing something on stablecoins" due to the actions of other jurisdictions. Plus, Massad reacts to stablecoins being a possible path forward for a united legislative effort.
A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi
Last year’s prominent U.S. crypto legislation from a bipartisan pair of senators is back for a reboot that imagines a less prominent role for the SEC than Chair Gary Gensler has in mind.
Stablecoins Pose 'Existential Threat' to Policy Sovereignty, Says India Central Bank Official: Report
"If large stablecoins are linked to some other currency, there is a risk of dollarization," RBI Deputy Governor Rabi Sankar has said.
Circle's Allaire Says China Should Look at Yuan-Backed Stablecoins Instead of CBDCs
Circle CEO Jeremy Allaire said in a recent interview with the South China Morning Post that Beijing should consider allowing for Chinese yuan (CNY)-backed stablecoins if it wants to internationalize its currency. The hosts of "First Mover" share their reactions to Allaire's latest comments.
Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum
Gho has been available on the Ethereum blockchain’s Goerli testnet since February, where it has functioned without encountering any major bugs.
China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says
Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.
FTX Bankruptcy Claims Deadline; UK Crypto, Stablecoin Rules Passed Into Law
“CoinDesk Daily” host Jenn Sennasie dives into some of the hottest stories in crypto, including Germany’s financial watchdog reportedly denying Binance a custody license. A UK bill is giving regulators the power to supervise crypto and stablecoins becomes law. And, a closer look at how the founder of Damus is reacting to the conclusion of a two-week battle with Apple over bitcoin tips.
