Stablecoin

Stablecoin

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Bitcoin Breaks $30,000; Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing Stablecoins

Jennifer Sanansie gives a news update on "CoinDesk Daily." Bitcoin has broken $30,000 for the first time in over a year amid bullish sentiment in the market following a number of traditional finance (TradFi) players pushing further into crypto. Plus, Federal Reserve Chairman Jerome Powell argues for strong central-bank oversight in stablecoin regulations, saying "the ultimate source of credibility in money is the central bank," in front of the House Financial Services Committee. Separately, crypto exchange Binance will expand its zero-fee trading promotion to all trueUSD (TUSD) trading pairs starting June 30. And, decentralized finance (DeFi) infrastructure provider, Maverick Protocol, has raised $9 million in funding.

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Fed Chair Powell Says Stablecoin Regulations Need Central Bank Oversight

Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday, saying "we do see payment stablecoins as a form of money." Powell further underscored the significance of central banks as the "ultimate source of credibility in money" in all advanced economies. He also argued for the need for strong central bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.

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Circle relance ses achats de bons du Trésor américain dans le fonds de réserve USDC géré par BlackRock

Les accords de rachat KEEP de faire partie du fonds de réserve, a déclaré mercredi le directeur financier de Circle lors d'une conférence téléphonique avec l'entreprise.

Jeremy Allaire, CEO of Circle (CoinDesk)

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MakerDAO augmente ses avoirs du Trésor américain de 700 millions de dollars pour soutenir le stablecoin DAI avec des actifs réels

Cet achat est la dernière étape visant à accroître le rôle des actifs du monde réel dans la réserve de stablecoins DAI de la plateforme.

Rune Christensen, fundador de MakerDAO. (CoinDesk TV)

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Les banques centrales proposent des normes CBDC et Stablecoin avec Amazon, et des essais en cours sur Grab

L'Autorité monétaire de Singapour (MAS), en collaboration avec le FMI et d'autres banques centrales, propose des conditions communes pour les paiements de détail avec de la monnaie numérique sur un grand livre distribué.

Amazon was selected to develop an e-commerce app for a digital euro. (Christian Wiediger/Unsplash)

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Tether’s Banking Relationships Detailed in Newly Released Legal Documents

CoinDesk recently obtained documents under a Freedom of Information Law request, which offer a rare but limited look into Tether’s banking relationships. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down what the documents reveal about the stablecoin issuer's banking relationships and past reliance on commercial paper.

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La tokenisation pourrait être une opportunité de 5 T de dollars, portée par les stablecoins et les CBDC : Bernstein

Environ 2 % de la masse monétaire mondiale, via les stablecoins et les CBDC, pourraient être tokenisés au cours des cinq prochaines années, soit environ 3 000 milliards de dollars, selon le rapport.

Billetes. (Pixabay)

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USDT Selling on Curve, Uniswap Spooks Traders Amid Bitcoin Drop

Millions worth of tether (USDT) stablecoins appeared to be selling off on popular Uniswap and Curve pools Thursday morning, sparking early signs of concern among traders. USDT, which usually trades around $1, lost its peg to the U.S. currency and dropped as low as $0.9968. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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MakerDAO envisage de se débarrasser de 390 millions de dollars Gemini de la réserve DAI

Le résultat pourrait avoir un impact significatif sur Gemini et son stablecoin puisque la réserve de MakerDAO détient environ 88 % de l'offre totale de GUSD .

Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., say they gave $1 million each to the Trump campaign. (Joe Raedle/Getty Images)

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Key Takeaways From House Hearing on Future of Digital Assets

The House Financial Services Committee held a hearing Tuesday on the future of digital assets. The committee weighed its draft stablecoin bill in the wake of the U.S. Securities and Exchange Commission (SEC)'s action against Binance and Coinbase. Prometheum co-CEO and founder Aaron Kaplan, who sat on the witness panel, discusses the key takeaways and outlook for crypto legislation in the United States.

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