Stablecoins
CZ Responds to Forbes Report that Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year
Forbes reports that Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year. In a tweet, Binance CEO Changpeng Zhao, also known as "CZ," responded to the article, stating in part "they referred to some old blockchain transactions that our clients have done." The co-author of the article and Forbes Director of Data and Analytics Javier Paz, responds to CZ's tweet on "First Mover."
Crypto Markets Analysis: Stablecoins Trend Lower Despite Bitcoin’s Recent Performance
A shift in the supply of stablecoins could foreshadow crypto’s next move.
TrueUSD Becomes 5th-Largest Stablecoin as Binance Mints $130M TUSD in a Week
Blockchain data shows crypto exchange giant Binance has been relying increasingly on TUSD following a crackdown on its Binance USD stablecoin by U.S. regulators.
Cryptocurrencies Resilient Despite Weak Stocks, More Regulatory Action: Citi
Stablecoin market caps have stabilized while the percentage of ether in smart contracts continues to rise, a report from the bank said.
The SEC's Stablecoin Hammer, Courtesy Terraform Labs and Do Kwon
The SEC’s lawsuit against Terraform Labs alleges that terraUSD (UST), and nearly every token it issued, are securities.
Israel's Central Bank Proposes Rules for Stablecoins Including 100% Reserve Requirement
The Bank of Israel also recommends a ban on algorithmic stablecoins if they become widely used for payments.
Chainlink, TrueUSD Start Real-Time ‘Mint Lock’ Verification of Stablecoin Reserves
The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD.
2022 Events Cast 'Serious Doubts' on Stablecoins as Money: BIS Chief
Agustin Carstens, who has previously criticized stablecoins, said they do not benefit from the regulatory requirements and protections that apply to bank deposits.
How Hong Kong Is Gearing Up to Regulate Stablecoins
Requiring foreign entities that have already issued stablecoins to set up a Hong Kong entity might create complications.
