Stablecoin


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Why the Crypto Industry Is So Upset About the IRS’ Proposed New Tax Reporting Rules

Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at tax software firm CoinTracker, discuss the crypto industry’s specific objections to the proposed new rules, and what might be a better way forward. They also delve into how the regulations would apply to stablecoins and NFTs, potential blockchain-based solutions for the reporting requirements, and what the likely outlook and timeline for the proposals to come into effect are.

Unchained

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Stablecoin Activity 'Starting to Move Outside of the U.S.': Chainalysis Exec

Despite crypto winter, Chainalysis says that stablecoin activity has remained resilient, but most of the growth is happening outside the US. Chainalysis Global VP of Public Policy Caroline Malcolm discusses the key takeaways and the what the future of stablecoin regulation could look like.

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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."

Recent Videos

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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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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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Timing Is Right for a Euro Stablecoin to 'Emerge' and Gain 'Momentum': Keyrock CEO

European Central Bank's president Christine Lagarde thinks a digital euro is at least two years away. Keyrock CEO Kevin de Patoul discusses the need for a euro stablecoin and the path ahead to a clear regulatory framework. Plus, his thoughts on KeyRock receiving Swiss regulatory clearance from a government-approved standards body.

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Former CFTC Chair Giancarlo: There's a 'False Choice' Between CBDCs and Stablecoins Regarding Privacy

The House Financial Services Committee approved a bill meant to prevent a U.S. central bank digital currency (CBDC). Former CFTC chairman and Willkie Farr & Gallagher LLP senior counsel J. Christopher Giancarlo weighs in. "There's a false choice between stablecoins and central bank digital currencies when it comes to privacy," Giancarlo said.

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