Stablecoin
MakerDAO Founder on Community Rejecting CoinShares’ Proposal
MakerDAO founder Rune Christensen joins "First Mover" to discuss why the MakerDAO community rejected CoinShares' proposal to use up to $500 million in stablecoin USDC to invest in bonds with the crypto investment firm.
MakerDAO Community Rejects CoinShares Proposal to Invest up to $500M in Bonds
The MakerDAO community rejected a proposal to use up to $500 million in stablecoin USDC to invest in bonds with crypto investment firm CoinShares. MakerDAO founder Rune Christensen discusses the reason behind the rejection and his outlook for decentralized finance. Plus, details on the community’s voting on increasing DAI stablecoin rewards.
HUSD Stablecoin Tumbles From Dollar Peg After Delisting on Huobi
The once-popular HUSD stablecoin has fallen dramatically from its $1 peg, touching a low of 28 cents after crypto exchange Huobi announced it delisted the asset on Friday. "The Hash" panel weighs in on the crypto exchange's recent move, stablecoin competition.
Cryptocurrency Exchange FTX ‘Likely’ to Create a Stablecoin: Report
FTX CEO Sam Bankman-Fried told The Big Whale in an interview that the crypto exchange “is very likely" to create a stablecoin. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what kind of stablecoin it could be and the exchange’s moves in a bear market.
Rep. Himes: There's Room for Both CBDCs and Private Stablecoins
Rep. Jim Himes (D-Conn.) joins "First Mover" live from CoinDesk's I.D.E.A.S. in New York City to discuss his outlook on cryptocurrency regulation in the U.S. He says there's "room for both" a private stablecoin and a central bank digital currency (CBDC). Plus, he discusses the timeline of a U.S. CBDC.
Tether Cuts Commercial Paper Holdings to Zero
Stablecoin issuer Tether has reduced its commercial paper holdings to zero, replacing those holdings with U.S. Treasury bills. "The Hash" discusses the latest in the world of stablecoins.
Legal Firm Roche Freedman Removed From Class Action Against Tether, Bitfinex: Report
Law firm Roche Freedman was removed from representing the plaintiffs in a class action lawsuit against crypto exchange Bitfinex and stablecoin issuer Tether, which accused them of market manipulation, according to a Bloomberg report. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details and why a judge referred to what Roche Freedman did as "stupid."
Yellen Stresses Importance of Regulatory Framework for Digital Assets; Tether Cuts Commercial Paper Holdings to Zero
U.S. Treasury Secretary Janet Yellen reiterated the importance of building a regulatory framework for digital assets. Stablecoin issuer Tether reduced its commercial paper holdings to zero and replaced them with U.S. Treasury bills. Bankrupt crypto lender Voyager Digital's executives have included sweeping legal immunity for themselves in the proposed agreement for their assets to be sold to FTX.US for $1.4 billion.
Fed's Barr: Regulators Should Use 'Range of Options' in Fintech
Federal Reserve Vice Chair for Supervision Michael Barr spoke at a DC Fintech Week event to a policy-focused crowd, noting that risk management is a key issue for regulators. “The range of options available for dealing with emerging technologies and those benefits are solid,” Barr said. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details. Plus, insights on negotiations over Congress’ leading stablecoin bill.
Justin Sun on Huobi Being Acquired by About Capital
Tron Founder Justin Sun discusses the significance of Hong Kong-based About Capital acquiring crypto exchange Huobi Global. Plus, insights into decentralized stablecoin USDD, "advantages" of central bank digital currencies (CBDCs), how Binance competes against its rivals and his "highly optimistic" outlook for China's crypto scene.
