Stablecoin
Ban Banks From Holding Crypto, UN Development Body Says
UNCTAD recommends extra taxes on transactions and ad restrictions to boost states' revenue and safeguard financial stability in developing countries.
Former Terra-Linked Project Kujira to Launch Stablecoin
Kujira, the crypto project previously built on the Terra Classic blockchain and moved to layer 1 protocol Cosmos after Terra’s implosion, is close to issuing a stablecoin called USK. "The Hash" hosts weigh in.
Former Terra-Affiliated Project Kujira to Issue Stablecoin
The USK token is set to maintain its price peg by combining overcollateralization of ATOM tokens with trading incentives.
As Interest Rates Rise, a Silent Vampire Attack on Crypto
Issuers of stablecoins like Tether and USDC are a new rentier-class that's sucking value from the DeFi system, say Alex Fowler and Patrick Murck of Transparent Systems.
Circle Invested in 2 Hacked Crypto Companies
CoinDesk’s Brandy Betz revealed Nomad and Slope, which were both victims of multimillion dollar exploits this week, are backed by Circle’s venture capital arm. “The Hash” hosts discuss the fate of the USDC stablecoin-issuer amid increased regulatory scrutiny.
Nomad, Slope Hacks Create New Annoyance for Their Shared Backer Circle Internet Financial
The venture-capital arm of the USDC stablecoin-issuer gave money to Nomad and Slope, which were both exploited this week.
Aave Passes Proposal for Yield-Generating Stablecoin GHO
The fully collateralized stablecoin is native to the Aave ecosystem and will be initially available on the Ethereum network.
US Stablecoin Bill Delayed by Congressional Committee Until After August
The head of an influential House panel said negotiations on the measure won't take place until after the summer recess.
Tether encuentra paridad estable con el dólar tras colapso de Terra
Aunque la stablecoin ha pasado el estrés de mercado con un retorno a la normalidad, persistirán las preocupaciones sobre sus reservas, dijo un trader.
Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets under the latest plan for U.S. legislation still being negotiated by leaders of the House Committee on Financial Services, according to a CoinDesk source. CoinDesk's Nikhilesh De joins First Mover to discuss.
