Stablecoin
PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin
In August, PayPal said it would introduce its own U.S. dollar-pegged stablecoin, PayPal USD.
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.
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."
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.
Tether Aims to Publish Reserve Data in Real-Time in Coming Years: Report
Tether had a $3.3 billion excess in reserves at the end of Q2.
U.S. Risks Unleashing Second 'Eurodollar' Market if It Dallies on Stablecoin Regulation
Europe's regulatory certainty may attract the USD stablecoin market, Jón Egilsson, former chair of the Icelandic Central Bank and co-founder of Monerium, writes.
Stablecoin Lender Liquity’s Token Gains 80% in Month as Activity Increases
The LQTY token has almost doubled in price. Factors cited included growth in activity and an A rating from Bluechip.
Why Binance and Banking Giant MUFG Want to Issue Stablecoins in Japan
Binance Japan and Mitsubishi UFJ bank want to help with the country's Web3 ambitions by issuing stablecoins.
Circle's Euro-Pegged Stablecoin Is Now Available on Stellar Network
Stellar is the third blockchain available to send and receive Circle’s euro-pegged stablecoin after Ethereum and Avalanche.
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.
