Stablecoins

Stablecoins

Policy

Japan Passes Landmark Stablecoin Bill for Investor Protection: Report

The new legal framework will take effect in a year.

Tokyo, Japan (thetalkinglens/Unsplash)

Markets

FTX’s Harrison Says Stablecoin Demand Will Survive Terra's Collapse

The head of one of the largest crypto exchanges in the U.S. said fiat-backed stablecoins are still reliable and not risky.

Brett Harrison, head of FTX.US., during an interview with CoinDesk at the World Economic Forum last week in Davos, Switzerland. (CoinDesk)

Layer 2

Undercollateralized USDN Stablecoin Needs Tweaking, Waves Founder Says

“We have to work on the algorithm” after several depeggings from the dollar, Sasha Ivanov said on CoinDesk TV’s “First Mover” program.

Waves founder Sasha Ivanov (CoinDesk TV, modified by CoinDesk)

Videos

The Rise and Fall of Terra vs. Bitconnect

CoinDesk’s Nikhilesh De discusses how the $14 billion crash of Luna Foundation Guard’s Terra protocol compares with the $2.4 billion global Bitconnect Ponzi scheme. Plus, CoinDesk’s Sam Kessler on what the future holds for stablecoins.

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Videos

Tether Expands With USDT Launch on Polygon

Tether has launched its USDT token on Polygon, an Ethereum scaling platform. The largest stablecoin by market capitalization is now available on more than 11 blockchains. “The Hash” team discusses the latest milestone in Tether’s multi-chain push.

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Opinion

Nansen Research Debunks Single 'Attacker' Myth in Terra's Collapse

The TerraUSD stablecoin collapsed for one reason: big holders didn't trust it.

TerraUSD's "peg" was supposed to keep holders safe – just like this unfortunate bollard. Neither, apparently, could take the pressure. (Robert Kneschke /EyeEm/Getty Images)

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)