Stablecoin

Stablecoin

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Curve Finance’s Stablecoin Maintains Peg as Others Struggle: Kaiko

Curve Finance's stablecoin, crvUSD, is maintaining its peg as other stablecoins struggle, emerging as a rare bright spot amidst a bear market that has hit DeFi protocols especially hard, according to Kaiko data. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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SEC Is 'Poking and Prodding Around' With PayPal Subpoena: Analyst

PayPal (PYPL) said in a filing that the company received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documentation about its USD stablecoin. Tactive Wealth Advisor Eddy Gifford weighs in on what the subpoena could mean for the global payments giant. "It's just the SEC poking and prodding around," Gifford said. But it serves as a reminder that "if you are in the cryptocurrency space, you better be doing things by the book."

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PayPal Received SEC Subpoena Related to its Dollar-Pegged Stablecoin

PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday, the global payments giant said in a filing. In August, the firm announced it was entering the cryptocurrency market with the U.S. dollar-pegged stablecoin, PayPal USD.

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Patakaran

PayPal se enfrenta a una citación de la SEC por su stablecoin PYUSD

En agosto, PayPal dijo que lanzaría su propia moneda estable vinculada al dólar estadounidense, PayPal USD.

paypal logo on a smartphone booting up the payments app (Marques Thomas/Unsplash, modified by CoinDesk)

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Closing Arguments Start in Sam Bankman-Fried's Trial; Could Bitcoin Reach $150K by 2025?

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories shaping the crypto industry today, including Bernstein's latest bitcoin (BTC) price prediction. Circle is curbing service for individual accounts to mint stablecoins. And, the latest legal developments as FTX founder Sam Bankman-Fried's trial nears its end.

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USDC Issuer Circle Curbs Stablecoin Minting for Retail Users

USDC issuer Circle Internet Financial said Tuesday it is curbing service for individual accounts to mint stablecoins. "Circle is phasing out support for legacy consumer accounts and has notified individual consumers of this decision," a Circle spokesperson told CoinDesk in an email. "Account closures do not apply to business or institutional Circle Mint accounts."

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Circle’s Chief Strategy Officer on Future of Stablecoins, Crypto Regulation

As part of CoinDesk's State of Crypto 2023 event in Washington, D.C., Circle's Chief Strategy Officer and Head of Global Policy Dante Disparte discusses the future of stablecoins and the regulatory implications around the $123 billion asset class. This comes as Circle released an upgrade for its Web3 programmable crypto wallet that allows merchants to take over and pay for their customers' transaction fees.

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Pananalapi

Tether pretende publicar datos de reservas en tiempo real en los próximos años, según informe

Tether tenía un exceso de 3.300 millones de dólares en reservas al final del segundo trimestre.

Tether freezes $225 million worth of its stablecoin (Jorge Salvador/Unsplash)

Opinyon

Estados Unidos corre el riesgo de desatar un segundo mercado de "eurodólares" si no regula las monedas estables

La certeza regulatoria de Europa puede atraer al mercado de monedas estables en dólares, escribe Jón Egilsson, ex presidente del Banco Central de Islandia y cofundador de Monerium.

Ledn's Mauricio Di Bartolomeo argues that the crypto lending industry can rebuild trust following a disastrous 2022. (Mathieu Stern/Unsplash, modified by CoinDesk)

Tech

El token de Liquity, prestamista de stablecoin, gana un 80% en un mes gracias al aumento de la actividad.

El precio del token LQTY casi se ha duplicado. Entre los factores citados se incluyen el crecimiento de la actividad y la calificación A de Bluechip.

(Jayashreee/Creative Commons)