Stablecoins
JPMorgan Chase CEO Calls Crypto Tokens ‘Decentralized Ponzi Schemes'
JPMorgan Chase CEO Jamie Dimon said in congressional testimony that crypto tokens like bitcoin are "decentralized Ponzi schemes.” "The Hash" panel discusses his skepticism toward cryptocurrencies and comments on stablecoins.
Future of CBDCs and Stablecoins
How will CBDCs and stablecoins shape Asia’s digital finance? Answers to this question and other news shaping the cryptocurrency world in this episode of “The Daily Forkast.”
BofA: Crypto Exchange Binance to Benefit From Increased Supply of BUSD Stablecoin
Crypto exchange Binance’s decision to convert all users' investments in stablecoins USD coin (USDC), trueUSD (TUSD) and pax dollar (USDP) into its native binance USD (BUSD) may generate limited additional revenue in the short term, but could have larger implications in the long term, Bank of America reported. "The Hash" hosts discuss what this means for the state of the stablecoin markets.
Why Binance Isn't Converting Tether to BUSD
Binance is converting all investments in USDC, pax dollar (USDP) and trueUSD (TUSD) into its stablecoin Binance USD (BUSD) on Sept. 29. Patrick Hillmann of Binance discusses the change and why Tether won't be moved.
Russia Reportedly Exploring Stablecoin Settlements; Poolin Suspends Withdrawals From Wallet Service
Russia is talking to several friendly countries about launching clearing platforms for cross-border settlements in stablecoins, according to a report from Russian news agency Tass. Bitcoin mining pool PoolinWallet is suspending all withdrawals as it tries to preserve assets and stabilize liquidity. Bitcoin may see another meteoric rally once the dormant supply metric has peaked.
Stablecoins and Regulators Need to Get Out of the Way: Market Strategist
Path Trading Partners co-founder & Chief Market Strategist Bob Iaccino discusses the technical pattern in the crypto markets. “Bitcoin is temporarily broken out, I see $26,000 in the short term.” Plus, his take on Tether and why he believes regulators need to “make up their minds and get out of the way.”
What Are the Consequences of MiCA's Potential Stablecoin Ban
"There's a serious concern ... that stablecoins will have a major role in our economy in the future," Blockchain for Europe Secretary General Robert Kopitsch says, explaining the European Union's legislation that could potentially ban dollar-pegged stablecoins. Plus, he shares possible solutions.
