Stablecoin
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero
The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills.
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.
Key US Lawmaker Says Talks Continue Over ‘Ugly Baby’ Bill to Oversee Stablecoins
After months negotiating legislation to establish U.S. oversight, Rep. Patrick McHenry signals the challenges ahead for the effort next year.
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.
MobileCoin Launches ‘Electronic Dollars’ Stablecoin
Privacy-focused crypto and payments firm MobileCoin has partnered with stablecoin platform Reserve to launch a stablecoin dubbed “Electronic Dollars” (eUSD). “The Hash” hosts discuss how eUSD works and the implications for privacy, global payments and the larger stablecoin market.
Crypto and Payments Firm MobileCoin Launches Stablecoin – ‘Electronic Dollars’
The company says eUSD will be “the first data-protecting stablecoin.”
Stablecoins’ Role in Cutting International Payment Costs Probed by Payments Watchdog
The Committee on Payments and Market Infrastructures wants to know if stablecoins can fulfil their promise of cheaper, quicker transactions, according to a new Financial Stability Board report.
LFG Slow-Walks Plan to Repay Small-Time Terra Holders, Citing Legal Threats
The Luna Foundation Guard still has about $100 million in reserves that it has pledged as compensation.
Stablecoin Issuer MakerDAO to Invest $500M in US Treasurys, Corporate Bonds
The move is a way for Maker to diversify its balance sheet and make the backing of its stablecoin more stable.
Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year.
