Stablecoins
US Sen. Gillibrand Says a Last-Ditch Stablecoin Bill May Still Emerge This Year
Sen. Kirsten Gillibrand, one of the most crypto-friendly Democrats in the Senate, said she hopes a regulatory bill will be introduced in the “next few weeks.”
TRX Momentarily Surges 4,000% on FTX; Tether Freezes $46M of USDT Held by FTX Following Law Enforcement Request
Tron network’s native TRX token momentarily surged some 4,000% from 6 cents to $2.50 on embattled crypto exchange FTX even though they are trading for 6 cents on other prominent exchanges, such as Binance and OKX. Separately, stablecoin issuer Tether froze $46 million of USDT held on Tron by FTX following a request from law enforcement. "The Hash" panel discusses the ripple effects amid fallout for FTX.
Tether Dominates Curve's 3pool Liquidity With DAI, USDC Accounting for Just 15%
Tether accounts for 85% of the total liquidity in Curve's 3pool. While the stablecoin is seeing some volatility, the price remains firmly near the 1:1 U.S. dollar peg,
Crypto.com Halts Solana USDC and USDT Deposits, Withdrawals
The crypto trading platform cited “recent industry events” in an email to users announcing the suspension.
JPMorgan: Lessons Learned From the Crypto Crash
The recent market slump highlights the risks stemming from regulatory shortcomings, the bank said.
Abracadabra's MIM Stablecoin Briefly Lost Dollar Peg as FTX's FTT Token Tanked
FTT is the largest collateral backing MIM, accounting for 33% of the total collateral locked in Abracadabra's "cauldrons."
Rep. Warren Davidson on Crypto's Role in Politics, Future of Regulation
Ahead of Tuesday's U.S. midterm elections, Rep. Warren Davidson (R-Ohio) discusses the role of blockchain technology on Capitol Hill, also breaking down key crypto legislation to watch. Where is the future of the U.S. crypto regulatory landscape headed? Plus, the outlook for stablecoins and why they would be a "much better alternative than a central bank digital currency (CBDC)."
Needham's John Todaro Says USDC Is ‘Exciting’ for the Long Term and Will Benefit Coinbase
The vice president at the investment and asset management firm discusses whether the stablecoin could become the “de facto” U.S. central bank digital currency.
Canada Launches Consultation on Crypto, Stablecoins and CBDCs
Canada's federal government announced a consultation on "cryptocurrencies, stablecoins and central bank digital currencies," in a fiscal update published Thursday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what this means for crypto adoption and regulation in the country.