Stablecoin
Tron’s Stablecoin Peg to Dollar Wobbles; Justin Sun Swears to Deploy $2B to Prop Up
Decentralized USD (USDD) fell to as low as 91 cents on crypto exchanges early Monday and was changing hands around 99 cents at press time.
Why Terra’s Fall Offers a Unique Opportunity to Create a Better Stablecoin Environment
The right approach, including a constructive dialogue with regulators, can restore trust in stablecoins, which are among the most revolutionary aspects of the crypto environment.
Bermudian Premier on Crypto Regulation
Bermuda-based Jewel Bank received its full bank and digital asset business licenses from the Bermuda Monetary Authority (BMA), becoming the island nation’s first digital asset bank. Jewel plans to issue a USD-backed stablecoin and has plans for other single fiat currencies. Premier and Minister of Finance of Bermuda David Burt shares insights into what this means for crypto regulation in Bermuda and the world.
Circle to Support Polygon USDC on Payments Platform as Adoption Grows
The move will allow for swapping native USDC across eight other blockchain networks.
Beanstalk Stablecoin Protocol 'Barn Raise' Aims to Restore $77M in Lost Funds
Beanstalk was hit by a $182 million flash-loan attack in April.
First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg?
Tether has relationships with a number of banks but won't say much more; bitcoin rises slightly.
Examining Terra’s UST Stablecoin and Luna Token Crashes
CoinDesk’s Nikhilesh De and Sam Kessler join “Community Crypto” host Isaiah Jackson to discuss the collapse of the Terra protocol as its UST stablecoin remains deep in the sub-dollar doldrums and LUNA, its sister token, has fallen over 99% from its 2022 high.
UST’s Design Flaws and Red Flags
In this “Community Crypto” clip, CoinDesk’s Nikhilesh De and Sam Kessler discuss the design flaws of Terra’s algorithmic stablecoin UST as its depeg from the U.S. dollar continues to have ripple effects across the crypto industry. What were the red flags? Plus, Do Kwon’s earlier failed stablecoin project, Basis Cash.
UK Government Proposes Stablecoin Safeguards After Terra Collapse
The measure would give the Bank of England more power over failed stablecoin issuers.
How the US Can Establish Itself as a Crypto Leader
Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.
