Stablecoins
OCC Wants Banks to Seek Permission Before Offering Crypto Services
The U.S. Office of the Comptroller of the Currency (OCC) published an interpretative letter Tuesday telling banks to be very clear they can provide crypto services before they do so. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the key takeaways. Plus, Sen. Sherrod Brown (D-Ohio), chairman of the U.S. Senate Banking Committee, is seeking more information about stablecoins.
US Senate Banking Panel Head Seeks More Information About Stablecoins From Issuers, Exchanges
The move comes after a recent report highlighted stablecoins’ potential risks to consumers, investors and the financial system as a whole.
Rari Capital, Fei Protocol Look to Overcome Bagholder Bias in Ambitious DeFi Merger
Two teams are looking to form a $2.4 billion DeFi powerhouse. What’s the holdup?
Mexican Crypto Exchange Bitso Incorporates Circle Solutions for Cross-Border Payments Initiative
The Bitso Shift initiative will allow Mexican businesses to make cross-border transactions more securely and easily.
ECB Sounds Alarm Over Linkages Between Stablecoins and Conventional Financial Markets
The central bank said exotic market segments, such as crypto, remain subject to “speculative bouts of volatility.”
Saddle Raises $7.5M to Reduce Slippage in DeFi Trading
The automated market maker wants to minimize the spread on stablecoin trades.
MakerDAO’s Christensen Turns Optimistic After US Stablecoin Report
The founder of the crypto lender and stablecoin issuer had feared the worst about potential regulation.
MakerDAO Founder on Biden Administration’s Stablecoin Report
A coalition of U.S. financial authorities under the Biden administration published its long-anticipated report and recommendations on the regulation of stablecoins last week.
What FATF’s Latest Guidance Means for DeFi, Stablecoins and Self-Hosted Wallets
Launching a truly “global” stablecoin is likely to get more difficult in the coming year as a result of the guidance, which advises regulators to keep such projects on a short leash.
