Stablecoin
World Economic Forum at Davos: What to Expect for Crypto
From the World Economic Forum in Davos, Switzerland, Michael Casey, Sandali Handagama, Nikhelesh De and Helene Braun discuss the presence of the crypto industry at the event. Plus, the group shares what they expect to hear about the role of digital assets in the future of global finance, touching on central bank digital currencies (CBDCs), cryptocurrency’s use in the Russia-Ukraine crisis, and stablecoins.
Tether Market Cap Drops by $10B Since UST Collapse, Concerns Over Terra Backer Celsius
Quantum Economics Director of Blockchain Market Research Alexandre Lores discusses what to make of investors redeeming $10 billion worth of stablecoin Tether (USDT) since Terra's collapse, and why he prefers to hold only USDC. Plus, his take on concerns over Terra's backer Celsius after it pulled at least half a billion dollars out of Anchor Protocol just as the Terra losses began.
Huobi Exec on Crypto Markets, NFTs and Mining in China
Huobi Financial Officer Lily Zhang discusses her take on how Terra’s UST and LUNA crashes might affect upside potential in the crypto markets. Plus, insights into China’s “very hot” NFT market, the state of crypto mining in the country, and potential risks of listing Tron’s algorithmic stablecoin USDD on Huobi.
Tether Cut Commercial Paper Reserve by 17% in Q1, Accountants Say
The reduction has continued with a further 20% cut since April 1, which will be reflected in the Q2 report, the stablecoin issuer said.
What to Watch for in Tether's Upcoming Attestation Report
The leading stablecoin project still hasn’t published its March report attesting to its reserves. Following Terra, investors have a right to more timely information, says our columnist.
Kwon Proposes Forking Terra, Nixing UST Stablecoin in ‘Revival Plan 2’
“$UST peg failure is Terra’s DAO hack moment,” the Terraform Labs CEO wrote, “a chance to rise up anew from the ashes.”
Terra Luna Crash Brings Stablecoins Under Regulatory Scrutiny
CoinDesk's Nikhilesh De discusses the impact of algorithmic stablecoin TerraUSD's (UST) downfall on the U.S. crypto regulatory landscape. Last week U.S. Treasury Secretary Janet Yellen pushed for stablecoin regulation during an annual testimony before the Senate Banking Committee, citing UST woes. Is stricter stablecoin regulation on the horizon?
Fantom Stablecoin DEI Becomes Latest to Lose Dollar Peg
DEI lost as much as 46 cents in European hours this morning. It follows a trend of several algorithmic stablecoins losing their pegs.
Market Wrap: Cryptos Are Higher After a Volatile Week
Some analysts remain cautious and expect lower price returns for bitcoin over the next few months.
