Stablecoins


Finance

Libra Rebrands to 'Diem' in Anticipation of 2021 Launch

The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.

Diem CEO Stuart Levey said the first stablecoin issued by the former Libra Association would be a dollar-backed token, which is pending FINMA approval.

Policy

Stablecoins 'Pose Serious Risks' to Financial Security, ECB's Lagarde Says

Stablecoins could "threaten financial security" if widely adopted, the ECB head said in a magazine interview.

ECB President Christine Lagarde.

Tech

'Basis Cash' Launch Brings Defunct Stablecoin Into the DeFi Era

With Basis Cash, a team of anonymous developers is making what might be called a fork of a project that never launched.

Glacier Klaki Basecamp, Iceland

Policy

BIS Paper Says There's Potential to Embed Regulation Into Stablecoin Systems

The need to regulate global stablecoins like libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.

Bank for International Settlements. Basel, Switzerland.

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Markets

Binance Discontinues UK Pound Stablecoin Calling It Just an 'Experiment'

The exchange is discontinuing its own BGBP stablecoin, an "experiment" that obviously wasn't a success.

bsubaccount

Tech

MakerDAO's DAI Stablecoin Breaks $1B Market Cap

The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer.

MakerDAO founder Rune Christensen

Markets

US Representatives Rip OCC, Brooks for 'Excessive Focus' on Crypto

Congressional Democrats blasted the OCC and Acting Comptroller Brooks for spending time on crypto during a pandemic.

 Rep. Rashida Tlaib and Rep. Stephen Lynch wrote the sharp criticism of OCC chief Brian Brooks.

Markets

Kadena Partners With Stablecoin-Maker Terra in Bid to Expand Its DeFi Offering

The hybrid blockchain maker Kadena, said Tuesday it has partnered with Terra and will be adding Terra’s stablecoin luna to its decentralized exchange Kadenswap.

Kadena founder Stuart Popejoy

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Finance

DefiDollar Raises $1.2M to Be the Risk-Insured Stablecoin Layer for DeFi

India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice.

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Tech

Lossless Lottery PoolTogether Opens Up to More Coins, More Prizes

PoolTogether v3 will enable more ERC-20 tokens, more yield sources and more prize distribution schemes for the DeFi savings game.

The PoolTogether Team with IDEO CoLab's Tara Tan at the whiteboard.