Stablecoins


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USDC Builder Circle Wants to Become a ‘Full-Reserve National Commercial Bank’

“The Hash” hosts discuss the industry implications for Jeremy Allaire’s Circle, a neo-bank and stablecoin USDC issuer, intending to become “a full-reserve national commercial bank.” “This is an ambitious plan, but the idea of having an FDIC-insured digital asset bank would be very notable for the sector,” host Zack Seward said.

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Tether Reveals More Details About Its Reserves

Roughly 93% of Tether's commercial paper and certificates of deposit holdings was rated A-2 and above, while 1.5% was rated below A-3.

(Shutterstock)

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Huobi-Branded HUSD Reveals Breakdown of Reserves: All Held in Cash

The reserves backing Huobi’s HUSD, the eighth-largest stablecoin by market cap, are revealed to be all held in cash in money market accounts in the U.S. This comes as stablecoin issuers have followed each other in increasing transparency.

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Market Wrap: Ethereum Hard Fork Rally Outperforms Bitcoin

Ether is up 3% over the past 24 hours.

Ether 24 hour price chart, CoinDesk 20

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Breaking Down the Market Reaction to Gensler’s Crypto Remarks

Sam Trabucco, co-CEO of quantitative trading firm Alameda Research, breaks down the crypto market activity following SEC Chair Gary Gensler’s remarks at the Aspen Security Forum. Plus, his take on what people are getting wrong about stablecoin tether (USDT).

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EY Exec.: Gensler’s Aspen Speech a ‘Bullish Signal’ for DeFi

Paul Brody, Global Blockchain Leader at Ernst & Young, responded to SEC Chair Gary Gensler’s speech at the Aspen Security Forum, saying it signals bullish momentum for DeFi on the blockchain ecosystem. Plus, his take on the future of stablecoins, digital dollar, and crypto regulation.

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Precious Metals Data Provider Kitco to Issue Gold-Backed Stablecoin

Kitco Gold will be backed by physical gold stored in vaults and will track the real-time market value of the yellow metal.

Gold bars

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Market Wrap: Bitcoin in Pullback Mode as Regulatory Concerns Rise

Bitcoin is declining as regulatory concerns rise; ether is holding support.

Bitcoin 24-hour price chart

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Crypto Long & Short: What's Going On With Tether?

Since the end of May, tether's growth has gone completely flat.

Tether Crypto Long & Short Aug 1

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Market Wrap: Bitcoin Hits Two-Month High After Late-Day Surge

Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.

Bitcoin 24-hour price chart