Stablecoins

Stablecoins

Finance

Tether ingresa a América Latina con una stablecoin vinculada al peso mexicano

El negocio multimillonario de remesas en el país y las dificultades para transferir dinero crean una "oportunidad única", dijo la compañía.

Bandera de México. (Alexander Schimmeck/Unsplash)

Finance

Tether Enters Latin America With Mexican Peso-Pegged Stablecoin

The country’s multibillion-dollar remittances business and difficulties in transferring money create a “unique opportunity," the company said.

Bandera de México. (Alexander Schimmeck/Unsplash)

Markets

Crypto Whales Ditched Tether for USDC After Stablecoin Panic

The UST failure prompted large investors on the Ethereum blockchain to leave USDT for the perceived safety of its biggest competitor.

(CoinMetrics)

Policy

OCC Chief Hsu: Crypto Industry Has Unhealthy ‘Dependency on Hype’

The acting head of the U.S. Office of the Comptroller of the Currency has worked to limit banks’ involvement in cryptocurrencies.

Michael Hsu criticizes crypto at an industry-sponsored event in Washington, D.C. (Jesse Hamilton for CoinDesk)

Markets

First Mover Asia: Terra's Difficult Post-Collapse Path: VCs Backing Away, Regulators Jumping on Stablecoins

Some investors see salvageable pieces in the rubble while others are bemoaning their involvement and want to forget the protocol ever existed; bitcoin edges up in weekend trading.

(Javardh/Unsplash)

Layer 2

Justin Sun Still Thinks Algorithmic Stablecoins Are a Good Idea

The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”

Justin Sun on CoinDesk TV’s “First Mover” (CoinDesk TV, modified by CoinDesk)

Policy

Crypto Should Meet Same Norms as Regular Finance, G7 Says

Finance ministers want to see financial stability and money-laundering standards in effect soon, citing recent market turmoil.

(Bet Noire/Getty images)