Stablecoin
Ondo Finance Plans Yield-Generating Stablecoin Alternative for Institutional Investors
The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.
How South Korea’s Crypto Scene Is Emerging From Terra Luna's Implosion
The collapse of the Terra Luna stablecoin project reverberated throughout the world, causing some $60 billion to evaporate. But the longest shadow fell over Korea, where it remains today. CoinDesk's Executive Director of Global Content Emily Parker reports.
Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto's 'Rough Year'
A "rough year" for crypto markets has underlined the need for comprehensive and consistent regulation of the sector, the International Monetary Fund (IMF) said in a new report, suggesting stablecoin issuers and crypto conglomerates need to have bank-style capital requirements. "The Hash" panel discusses how this might shape future crypto regulation across the globe.
Brazilian Investment Bank BTG Pactual Unveils Dollar-Backed Stablecoin
BTG Dol is the world's first dollar-backed stablecoin issued by a bank, BTG Pactual said
DeFi Hub Nibiru Chain Valued at $100M After $8.5M Seed Funding Round
The startup will launch its mainnet and stablecoin this summer.
USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
Rival stablecoin tether (USDT) has reached its largest market share since May 2021 and now represents 60% of all stablecoins in circulation.
Short-Term BTC Holders, Stablecoin Supplies Could Indicate Cryptos' Future Price Direction
The two data points may show whether bitcoin moves higher or declines further in the aftermath of the U.S. central bank's 25 basis point rate increase Wednesday.
Stablecoins Explained: 3 Things You Need to Know
Stablecoins are meant to provide a predictable haven within the volatile world of cryptocurrency. Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campbell explains the use cases and risks you need to know about this type of cryptocurrency.
Tether Stability Made It the Safest Stablecoin Bet Amid U.S. Banking Crisis, Analysts Say
Tether sold at a slight premium earlier this month even as most stablecoins were dented.
BitMEX Acting CEO on Arthur Hayes' NakaDollar Idea
Arthur Hayes, co-founder of crypto exchange BitMEX, has proposed a stablecoin backed by bitcoin (BTC) and bitcoin derivatives called the NakaDollar. BitMEX Acting CEO and Group Chief Financial Officer Stephan Lutz reacts to the proposal, saying, "Arthur's idea is a natural one."
